Private Sector adds 200K+ Jobs

By Econ70 | 04/02/2011

For the 1st time in 5 years the private-sector added more than 200K jobs for 2 months in a row. That’s great news! The bad news is that if you have a job wages haven’t kept up with the rising cost of living. Average hourly wages actually fell in March — from $19.32 to $19.30.…

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The Symptom of Deflation

By Econ70 | 04/01/2011

Deflation 101: It’s critical to keep in mind that deflation is a symptom of weak demand but it is not necessarily a cause. If we attack the symptom of falling prices with a dose of inflation, we risk having 2 problems not 1–inadequate real demand and unwanted inflation. Yes, deflation has hurt Japan but they…

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