How do European economists dare to state that 115.000 jobs added in the USA is ‘disappointing’
I’m a somewhat hot tempered guy. At my age one knows that this is often
a bad thing. But not today. How does even one European economist dare to twitter (which quite a lot did) that an increase of 115.000 jobs in the USA is ‘disappointing’ when unemployment in Europe rises with more than 200.000 people a month. Notice that almost all of the recent increases are concentrated in the Eurozone. Source: an official Eurostat graph. These economists do not just not know how to read graphs. They don’t even know the graphs. Fire them.
Figure 1: Change in the number of unemployed persons (compared to previous month, in thousands), seasonally adjusted, January 2006 – March 2012
Real World Economics Review
- Jerry "Peacemaker" on Plutocracy?
- Dave Taylor on Mea Culpa: Storytelling Part Two
- Egmont Kakarot-Handtke on What Americans need: An ‘idiot-proof’ retirement system
- arjenpolku on Two books which I haven’t read, yet.
- Hazel Henderson on What Americans need: An ‘idiot-proof’ retirement system
- Larry Motuz on Mea Culpa: Storytelling Part Two
- Garrett Connelly on Plutocracy?
- louisperetzperetz on Two books which I haven’t read, yet.
- BC on Plutocracy?
- justaluckyfool on Two books which I haven’t read, yet.
- Egmont Kakarot-Handtke on Mea Culpa: Storytelling Part Two
- antireifier on What Americans need: An ‘idiot-proof’ retirement system
- macroambiente on Market truths or obscured views?
- charlie on Mea Culpa: Storytelling Part Two
- Johannes on The runaway Eurozone current account surplus
————— Michael Hudson ————–
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————
————– Lars Pålsson Syll ————
—— Paul D. Egan and Philip Soos —–
————— Herman Daly ————
————— Richard Smith ————
————— Steve Keen ————–
————— Jorge Buzaglo ————
————— Asad Zaman ———–
—————– C. T. Kurien ———
————— Robert Locke ————
Guidelines for Comments
• This blog is renowned for its high level of comment discussion. These guidelines exist to further that reputation.
• Engage with the arguments of the post and of your fellow discussants.
• Try not to flood discussion threads with only your comments.
• Do not post slight variations of the same comment under multiple posts.
• Show your fellow discussants the same courtesy you would if you were sitting around a table with them.
Top Posts and Pages- last 48 hours
- Two books which I haven't read, yet.
- Reflections on the “Inside Job”
- Summary of the Great Transformation by Polanyi
- What Americans need: An 'idiot-proof' retirement system
- Mea Culpa: Storytelling Part Two
- "Finance as Warfare", Michael Hudson's new book
- Does capitalism cause poverty? Let me count the ways
- Emerging vs. developed countries' GDP growth rates 1986 to 2015
- The ergodic axiom: Davidson versus Stiglitz and Lucas
Edward Fullbrook and Jamie Morgan
Maria Alejandra Madi / Jack Reardon
RWER Board of Editors
Nicola Acocella (Italy, University of Rome) Robert Costanza (USA, Portland State University) Wolfgang Drechsler ( Estonia, Tallinn University of Technology) Kevin Gallagher (USA, Boston University) Jo Marie Griesgraber (USA, New Rules for Global Finance Coalition) Bernard Guerrien (France, Université Paris 1 Panthéon-Sorbonne) Michael Hudson (USA, University of Missouri at Kansas City) Frederic S. Lee (USA, University of Missouri at Kansas City) Anne Mayhew (USA, University of Tennessee) Gustavo Marqués (Argentina, Universidad de Buenos Aires) Julie A. Nelson (USA, University of Massachusetts, Boston) Paul Ormerod (UK, Volterra Consulting) Richard Parker (USA, Harvard University) Ann Pettifor (UK, Policy Research in Macroeconomics) Alicia Puyana (Mexico, Latin American School of Social Sciences) Jacques Sapir (France, École des hautes études en sciences socials) Peter Söderbaum (Sweden, School of Sustainable Development of Society and Technology) Peter Radford (USA, The Radford Free Press) David Ruccio (USA, Notre Dame University) Immanuel Wallerstein (USA, Yale University)
- Lewis L. Smith
- Kevin P. Gallagher
- Steve Keen
- Deniz Kellecioglu
- David F. Ruccio
- Peter Dorman
- Edward Fullbrook
- Jim Stanford
- Mark Weisbrot
- paul davidson
- Juan Pablo Pardo-Guerra
- Peter Earl
- paul ormerod
- Peter Earl