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Real, Uglier American Unemployment
Political propaganda uses the national average for unemployment, but it is far higher for lower income households and men, and hardly exists for the rich, upper class. Economic inequality rules. The jobs problem is intractable.
Top Economist Roubini Warns of Asset BubblesUnless regulators begin to levy stringent regulations, said Roubini, the asset bubbles that are already forming may push the U.S. economy into a “double-dip” recession soon. His warnings came as he demonstrated how assets such as gold, oil, food and energy have been riding “a wall of liquidity chasing.”