The financial markets are doing exactly the opposite of what was predicted if Donald Trump won

From Robert Stacey Stacy McCain: Amid Dow Boom, Liberal Media Gloom Posted on | December 5, 2016 | In the weeks leading up to the Nov. 8 election, Democrats and the media (but I repeat myself) warned of economic disaster if Donald Trump won. “Economists: A Trump win would tank the markets,” was the Oct. …

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The growth of bad jobs: a look at the official unemployment numbers Real unemployment is reflected in U-6, not the official U-3 numbers

From The Wall Street Journal: U.S. Nonfarm Payrolls Rose 178,000 in November; Unemployment Rate Falls to 4.6% Federal Reserve is likely on track to raise interest rates later in December By Jeffrey Sparshott | Updated Dec. 2, 2016 12:03 p.m. ET WASHINGTON—U.S. employers hired at a steady clip in November while the unemployment rate fell …

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How Donald Trump can help the American working class

From The Wall Street Journal: Small Businesses Lament There Are Too Few Mexicans in U.S., Not Too Many As the labor market tightens and the population of undocumented immigrants shrinks, employers in low-skill industries such as hospitality, construction and agriculture scramble to fill jobs By Miriam Jordan and Santiago Pérez | Updated Nov. 28, 2016 …

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What will the next recession be like?

First of all, when will we have the next recession? When Will The U.S. Have Its Next Recession? Posted February 26, 2015 by Ben Carlson From 1836-1928 the U.S. averaged a recession every 2.1 years. This included seven depressions (they were actually called panics back then) that led to an average contraction of 29% in …

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The Success of Socialism Will the Western left ever learn?

From CNNMoney: Venezuela’s oil giant warns of default next week by Patrick Gillespie | October 18, 2016: 11:42 AM ET Venezuela’s government-run oil giant — the country’s largest source of cash — is warning that it could default on its bonds as early as next week. Petroleos de Venezuela S.A., or PDVSA, failed to get …

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The Patricians and the Plebeians in today’s economy The elites aren't feeling today's economy in their bones, the way that the commoners do

We have previously noted the career of Yahoo! Chief Executive Officer Marissa Mayer, and things have not gotten better since the buyout deal with Verizon. From The Wall Street Journal: Yahoo Core Revenue Drops Again Internet firm, looking to close its deal with Verizon, also posts earnings that top analysts’ expectations By Deepa Seetharaman | …

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Do as I say, don’t do as I do!

From The Wall Street Journal: Donald Trump’s Use of Foreign Steel Undercuts a Major Campaign Theme Candidate calls for boosting U.S. steel industry but his buildings are often built with cheaper imports By John W. Miller | October 14, 2016 2:41 p.m. ET PITTSBURGH— Donald Trump has made revitalizing manufacturing—specifically the U.S. steel industry—a core …

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Hillary Clinton goes off the deep end

Hillary Clinton goes off the deep end: During a video conference of the Laborers’ International Union of North America, she asked, “Why aren’t I 50 points ahead?” Could it be because she is a loathsome, dishonest human being? The Democrats have long claimed to be for the working man of this country, but the Democrats’ …

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Economics 101: When more low-skilled refugees are accepted, more low-skilled Americans see their wages decrease

We asked previously why we should bring in 110,000 Syrian refugees when we already have a too-high U-6 unemployment rate. Now this from The Wall Street Journal: What Happens to Wages When Refugees Arrive? More Than You Might Think An influx of refugees can hurt the economic prospects of natives with similar skills, but benefit …

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Why bring in 110,000 refugees when we can’t take care of all of our own people?

We have previously noted that the ‘official’ U-3 unemployment rate of 4.9% is really a bogus statistic, and that the U-6 unemployment rate of 9.7% is a far more accurate indicator. In August of 2016, the “participation rate”1 in the labor force was 62.8% of the eligible population; that was lower than any August of …

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