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Sep
3rd
Fri
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Tags: jobs   economics   US   unemployment  
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Jul
16th
Fri
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U.S. nonfarm payrolls in manufacturing are down 7 million from 1980 peak, at 1945 level.

U.S. nonfarm payrolls in manufacturing are down 7 million from 1980 peak, at 1945 level.

Tags: economics   US   employment   manufacturing  
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Jul
8th
Thu
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Economist and FT on Private Deleverage vs Public Borrowing

Martin Wolf explains why extra government borrowing will be met by increased private (mostly corporate) savings, à-la Japanese lost decade. In general it makes a lot of sense, even though it makes two strong assumptions:

  1. the somewhat paradoxical net flow of capital from developing to mature countries via reserve accumulation and currency manipulation will continue indefinitely
  2. dollars and pounds will still be considered a safe heaven

On private corporation deleverage, The Economist has a good article on this week print edition (“Show us the money”) on increased cash generation by US and UK companies, due to lower investments.

Tags: finance   economics   government debt   US   UK   japan   savings   investment   deflation   deleverage   FT   economist   martin wolf  
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Jul
4th
Sun
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Tags: finance   economics   history   dollar   gold   nixon   bretton woods   gold standard   US   france   UK  
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Jul
2nd
Fri
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Andy Grove On Manufacturing, Scale and Jobs

Intel founder Andy Grove wrote an excellent piece busting some myths on innovation, job creation, emerging markets and the role of manufacturing in a developed economy.

Today, manufacturing employment in the U.S. computer industry is about 166,000 — lower than it was before the first personal computer, the MITS Altair 2800, was assembled in 1975. Meanwhile, a very effective computer-manufacturing industry has emerged in Asia, employing about 1.5 million workers — factory employees, engineers and managers.
Tags: entrepreneurship   andy grove   intel   china   US   jobs   unemployment   manufacturing  
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Jun
27th
Sun
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Tags: salmon chase   greenback   economics   history   US   dollar   paper currency  
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Tags: economics   china   US   current account   trade balance   balance of payments  
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Jun
26th
Sat
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Tags: germany   US   economics   trade   consumption   gdp   europe   euro  
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Jun
18th
Fri
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Fortunately, the very severity of the pending crisis and growing analogies to Greece set the stage for a serious response. That response needs to recognize that the range of error of long-term U.S. budget forecasts (especially of Medicare) is, in historic perspective, exceptionally wide. Our economy cannot afford a major mistake in underestimating the corrosive momentum of this fiscal crisis. Our policy focus must therefore err significantly on the side of restraint.
Tags: economics   US   government debt   alan greenspan  
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Jun
11th
Fri
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Although markets have until now been worrying about the euro zone’s sovereign debt problems, the U.S. is arguably in a worst situation. The Organization for Economic Cooperation and Development predicts that the U.S. budget deficit will still be at 8% of GDP in 2011 after hitting 9.3% of GDP in 2009. For the euro area, the OECD sees the deficit remaining around 4.0% of GDP through 2011.
Tags: US   government debt   economics   finance   bonds  
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