Are we there yet? As in our economies are growing again No. And the likelihood we will arrive at that point any time soon is diminishing. Austerity is preventing it. Austerity is the enemy of growth when an economy is down and out. Cutting government spending at such times makes matters worse, not better. That […]

Where? At the point where we dip into a second recession. No. This is despite last Friday’s abysmal employment number. For those of you distracted by storms and earthquakes: the US economy added no jobs – as in zero – last month. That is appalling. Terrible. Corrosive of our national wealth. It is outrageous. It […]