Commodity Trade Mantra

Posts Tagged ‘Low-Wage Jobs’

"Too Many Promises That Can't be Kept" - The Fed Can't Raise Rates: Paul Volcker

One can’t really blame the government for continuing its debt-funded spending spree – despite protests to the contrary – after all rates are so low, it would be irrational not to take advantage and add on more debt. However, it is here that the punchline from the Volcker op-ed kicks in, and explains why the Fed is stuck and will find it next to impossible to hike rates.

Full-Time Pain: Most Americans "Wouldn't Call This A Recovery"

Most people will have the impression that the 288,000 jobs created last month were full-time. Not so. And more directly, “most Americans wouldn’t call this an economic recovery.” There are 48 million people in the U.S. in low-wage jobs, resulting, as Mort Zuckerman concludes, “Faith in the American dream is eroding fast.”

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