Category Archives: Unemployment Insurance
Forget Taxes: What if Estonia Made More Money Selling Services?
Via The Daily Bell $60 Billion plus is the U.S. dollar equivalent to how much Bitcoin is currently in circulation. That amount of money would keep the Estonian government running at current expenditures for almost 60 years. $60 billion is more than double Estonia’s Gross Domestic Product. So what if Estonia released a cryptocurrency that was […]
July Payrolls Preview: Smooth Sailing But Watch Out For Cars
At 8:30am on Friday, the BLS is expected to announce that in July the US created 180K jobs, down from 222K in June though still in line with the 6-month average of 180K, with the biggest downside risk a slowdown in durable manufacturing payrolls as auto production slumped. Sellside expectations: UBS: 175K Barclays: 175K HSBC: […]
May Payrolls Preview: The Tiebreaker
After a poor March jobs report, followed by an April scorcher, the May payrolls report due at 8:30am on Friday will be the tiebreaker, not only for the current state of the economy where both soft and hard data have been deteriorating in recent weeks, but perhaps also for the June rate hike decision, which […]
“Zumutungen!” Buyer’s Remorse In France, Impossible Situation For Germany
Authored by Mike Shedlock via MishTalk.com, Now that the cheering over the French election has died down, reality will strike France and Germany like a cold bucket of water thrown in one’s face on a Winter’s day. Germany was guaranteed to not like the result no matter who won. The final choice was between an anti-EU […]
Rajan Warns “The Fundamental Problems Of The Financial Crisis Are Still With Us”
Authored by Christof Gisiger via Finanz Und Wirtschaft, Raghuram Rajan, Professor of Finance at the University of Chicago and former governor of the Reserve Bank of India, warns of more turmoil ahead if the developed world fails to adapt to the fundamental forces of global change. It is a pivotal moment on the eve of […]
The End Game
Authored by Kevin Muir via The Macro Tourist blog, We all know the terrifying debt statistics. We are bombarded every day with bearish reports about the gargantuan Federal debt, and when combined with the growing private sector indebtedness, the monolithic entitlements problem, and the looming pension fund shortage, it is easy to wonder how we […]
About Those “Overly Optimistic” Trump GDP Forecasts, There’s Just One Thing
Last Friday, both armchair and tenured US economists found another reason to lash out at Trump in mockery: as the WSJ reported, the Trump administration had drafted economic growth forecasts in its budget plans that “rely on assumptions that are far rosier than projections made by independent agencies and most private forecasters.” According to the […]