photosetMar 05, 2013 8:27 pm
Here are two things that are true about the economy today.
(1) The Dow Jones industrial average is poised to set a new record as corporate profits stretch to all-time highs.
(2) There are still fewer working Americans today than there were before the start of the Great Recession.
The fact that these two things can be true at the same time might outrage you. But it shouldn’t surprise you.
Read more. [Bottom Image: FRED]
videoJan 17, 2013 3:05 pm
WHAT HAPPENS WHEN YOU GRADUATE FROM COLLEGE INTO A BAD LABOR MARKET?
“You will never recover,” warns the Nobel prize-winning economist Paul Krugman citing evidence from past recessions in a recent interview with Bill Moyers on PBS. “By the time you get a chance to get a job that makes any use of your skills you will already be tarred…it just shadows your whole life.”
This video is just a four minute excerpt from the compelling forty-seven minute interview. Watch the entire discussion to learn more about the “hidden misery” of the current recession and why Krugman considers “food stamps are the soup kitchens of today.”
In his latest book, End This Depression Now!, Paul Krugman argues how national recovery could be felt in just two years. It’s available in paperback on January 28th.