Money and Financial Lifestyle

Consumers are having second thoughts about the recovery By JEANNINE AVERSA, AP Economics Writer – Fri Jul 16, 5:01 pm ET Shoppers are losing confidence, becoming more concerned about low pay and a weak job market than about bargains. And their worries are threatening to drag down the economy.

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Less-confident consumers could stall recovery

Debt commission leaders paint gloomy picture The heads of President Barack Obama’s national debt commission painted a gloomy picture Sunday as the United States struggles to get its spending under control. The bipartisan U.S. Debt Commission has reported its findings and it is not pretty.

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Debt commission leaders paint gloomy picture - Yahoo! News

Jobs creation too slow to help the recovery With 14.6 Million unemployed and 11.2 Million underemployed & stopped looking, we have 25.8 Million or 16.5% of the 156 Million workforce out of work. 156 Million is, itself, about 50% of the total U.S. population of 309 Million.

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Jobs creation too slow to help the recovery - July 2, 2010

Here are the big, simple numbers: U.S. population = 309M; Workforce = 156M; Actually working = 130M; Unemployed/underemployed = 26M. That’s 26 million!! We have offshored so much manufacturing capacity, we no longer have business cycle (supply/demand) recessions

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The U.S. Economy is toast.

Quantitative easing (QE) is just a fancy Federal Reserve euphemism for printing money. And money-printing will be in our near future

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prepare for ‘monster’ money-printing by the Federal Reserve June 27, 2010

Dr. Paul Krugman, Nobel Prize winning economist, writes in the New York Times…

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The Third Depression by Dr. Paul Krugman, June 27, 2010

I encourage you to read this pulls-no-punches piece by Dr.

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Recession Warning by John P. Hussman, Ph.D., June 28, 2010

For a number of reasons, I haven’t been blogging much: First off, I’m still in post-semester recovery mode. This happens every Spring - after the semester is over, I need a week or two to decompress, clean out the detritus of the year from my office, and kick back a bit before refocusing on my summer research goals. This time around, between the timing of exams and faculty meetings, it was worse than usual.

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Interestign Times In The Unknown Household

The semester is now officially over at Unknown University. I gave my last final Tuesday afternoon (the last slot in finals week). Unfortunately, grades had to be turned in by 4 today (only 48 hours later)

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Stick A Fork In Me!

Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November.

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Gasoline nears $2.25, crude briefly above $60 (AP)