Opinions Uncensored

Added to CCJ Also

Why not?
The numbers were good, and I still believe in the uranium thesis, the risk of CCJ’s management being dicks notwithstanding. I have no evidence of malfeasance; only the hairs on the back of my neck (and they’ve been wrong before, though rarely).
So I added to CCJ at $19.30.

Heiner Flassbeck… a great economist speaks on wage share

At the 9:40 minute point of this video, Heiner Flassbeck says…
“… But even people who are asking for more expansionary fiscal policies like Larry Summers or Paul Krugman, they are not talking about intervention in the labor market, but this is what is absolutely needed because...

Construction Spending decreased in June

Earlier the Census Bureau reported that overall construction spending decreased in June:The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2014 was estimated at a seasonally adjusted annual rate of $950.2 billion, 1.8 percent below the...

Is 6.2% the NAIRU?

News was released today that unemployment was 6.2% in July. How close are we to the natural rate of unemployment, or as some might say the NAIRU.
In my research into effective demand, I track the natural rate of unemployment. How do I determine the natural rate of unemployment? … By...

How We Reduce Poverty, and How “The Market” Doesn’t

Matt Bruenig gives us a great breakdown of what poverty would look like if we relied on the market to solve it (as we did almost exclusively for thousands of years before the emergence of enlightened modern welfare states over the last two centuries).
The poverty rate among the elderly would be...