Over the weekend I wrote about what I feel is NDGOP gubernatorial candidate Wayne Stenehjem’s weak spot, which is a changing perception among voters of North Dakota’s economic success. In the past Republicans like Stenehjem have been able to lean heavily on the state’s strong economic performance to bolster their campaigns. But if a drip-drip-drip…
David Flynn: Is the Fed Losing Control of Inflation Expectations?
This is a little more macro/money than much of the stuff I post here but it seems to be something people miss sometimes. The Federal Reserve drastically lowered rates in response to the unfolding financial crisis in 2008 and later. Those rates remain low today, essentially set between 0.0 and 0.25%. Despite this range the…
If You're Stuck In A Part-Time Job, Thank Obamacare
At FreeEnterprise.org they’ve posted these scary jobs numbers from the Federal Reserve showing a sharp uptick in people with part-time jobs, which remains well above pre-recession levels: According to the New York Times, millions of Americans who want more work hours are stuck in part-time jobs: In March, 7.6 million Americans who want more hours…
It Will Take At Least 6 More Years To Get Unemployment To 6.5%
Remember when George W. Bush was President and the media considered an unemployment rate over 5% to be sign of a terrible economy? Well according to two new analysis of our current economy, it may take at least six more years for the nation to get to 6.5% unemployment. The most important part of the…
As Price Of College Goes Up, Value Of A College Education Drops
This is what happens when government promotes something like higher education with subsidies in the form of “easy money” government loans. We get a bubble, just like the housing bubble which saw the government promoting home ownership with “easy money,” government-backed mortgages. Soaring tuition costs, a weak labor market and a glut of recent graduates…