Monthly Archives: June 2013

Markets always overreact to changing expectations: this time was no different

Posted on June 27, 2013 by haroldchorneyeconomist

I have been away working on my research and publishing and nursing a very nasty summer cold these past few weeks . A lot has happened that needs to be noted. First let me pay tribute to the long and … Continue reading →

Posted in austerity, business cycles, classical economics, deficit hysteria, European debt crisis, J.M.Keynes, quantitative easing, unemployment | Tagged , , , | Leave a comment

U.S unemployment rises slightly to 7.6% Canada falls slightly to 7.1%

Posted on June 7, 2013 by haroldchorneyeconomist

The American economy created 175000 net new jobs in May as unemployment rose very slightly to 7.6%. The broad measure of unemployment U6 fell slightly to 13.8 % from 13.9% last month.In Canada employment rose by 95000 and the unemployment … Continue reading →

Posted in austerity, Canada, U.S., Uncategorized, unemployment | Tagged , , | Leave a comment