The number of people on disability has outpaced new job growth as the economy has created 2.6 million jobs since June 2009, while fully 3.1 million workers have signed up for disability benefits. In other words, the number of new disability enrollees has climbed 19% faster than the number of jobs created during the sluggish …
Our country has already spent too much money, so now that the “Affordable” ObamaCare bill, which will attempt to provide healthcare to everyone, was just upheld by the Supreme Court, how are we going to pay for the new spending required to cover everyone? Yep, you guessed it… TAXES. Will it work… will new taxes …
Here is my speculation on Quantitative Easing (QE). The Federal Reserve buys Treasuries from the Primary Dealers (the big banks) with new money they are printing. The Primary Dealers use the cash from the sale of their Treasury bonds to purchase stocks in various companies. As the demand for stocks goes up because of all …
The recent BLS survey just released provides information that does not bode well for our US job market. In particular, the number of job openings fell in dramatic fashion from 3.7 million to 3.4 million, a drop of over 300,000 and the biggest decline since May 2010 (also the 6th largest drop in history). Adding …