The ‘jobs gap’ is the number of people who need to find work in the US economy before that country returns to pre-recession employment levels while absorbing new adult entrants, aging baby boomers and immigrants. In 2010, the jobs gap bottomed out at 12 million. After the best 12 months of job creation in five years, the gap is still about 11 million, or the current population of Ohio. Continue reading
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The global financial markets and the world’s governments are in a dance: Crises result in monetary ease, which ignites an asset bubble, which bursts and elicits a new flood of credit. After each sequence the total amount of debt—and the system’s fragility—is even higher than before. Continue reading
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[caption id="" align="alignright" width="300" caption="Bull Market - sculpture at Toronto-Dominion Centre, Toronto, Ontario, Canada. A permanent fixture in the grassy courtyard of the office complex, “The Pasture” by sculptor Joe Fafard comprises seven lifelike bronze… Continue reading
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