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Unemployment: Part of the Economic Cycle or Secular Shift?
Bob Huebscher just published an outstanding article on the sustained high level of unemployment in the United States. The question that he seeks to address is whether we are in the recovery phase of a...
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Real Household Incomes: How Goes the Recovery?
Doug Short has written a great article on median U.S. household income through time. He shows that the median household income in the U.S., adjusted for inflation, has fallen by 7.2% since 2000 and is...
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*Very* Sobering
Guest post by Contributing Editor, Robert P. Seawright, Chief Investment and Information Officer for Madison Avenue Securities. New York magazine has a fascinating article (from last month) examining...
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Handcuff Volunteers and the Rally of 2013
The S&P500 is up by 26% for the year-to-date, despite the fact that employment growth is anemic, the labor participation rate is at its lowest point in thirty five years, and inflation-adjusted GDP...
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Low Interest Rates Through 2014 and Beyond
Ben Bernanke, in a speech on November 19th, made it very clear that the Fed is likely to hold interest rates low for an extended period of time. This comes on the heels of similar comments by his...
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