EconInvestor

Feeling optimistic about the economy? Here are some articles to change your mood!

The key point in  Paul Krugman’s Depression Economics is “government spending is a huge tax on true economic productivity.”

Why The Greater Depression Still Lies Ahead discusses the impact of debt on the Great Depression and the similarities our current economic situation.

Stocks’ bear market risk accelerates is not optimistic about the second half of the year.

The New Wildcard of Political Uncertainty has this interesting observation:  “Incidentally, to bring today’s jobless rate down from 9.9 percent to 5 percent over the next five years, the U.S. economy would need to produce 250,000 net new jobs per month every month for five years straight. How tough would that be? The average net new job creation since 1990 has been 90,000 a month.”

A Dash of Insight: June Employment Report Preview has some interesting comments on predicting unemployment numbers.

ADP Jobs Report Supports Double-Dip Case is another article supporting a double-dip recession.

Don’t forget Europe. What is going on over there can affect us:  The Consequences of European Austerity

Here is another story on the effects of austerity: Ireland in Decline, Or, What Austerity Looks Like.

Taking a trillion dollars and burning it won’t get the country out of a recession.  Of course the “stimulus” is more than a trillion, but you get the idea. What matters is not how much money is spent to stimulate the economy, it is how it is spent – or better yet, how it is not spent.

Here are 10 Scary Charts – and I’m not talking Halloween!

We also have Bernanke Testimony Indicates Fed Still in Denial. Unfortunately, while Bernanke professes to understand the Great Depression, he is making some of the same mistakes. This will be the topic for a much longer blog.

In meantime, the full employment act for lawyers continues with More Than 6,000 Lawsuits Filed Against BP.  Who do you think is going to collect the most money from the BP spill: the average lawyer or the average complainant? Just wondering…