Now that employment distortions related to the government shutdown in October are behind us, let's take a detailed look at the recent and growing discrepancy between jobs as reported on the establishment survey and employment as reported on the household survey.
China’s extraordinary growth since the Deng Xiaoping’s opening has lifted hundreds of millions of people out of poverty. At the same time, it has also seen the deepening and extension of corruption that was real in pre-reform China; but before liberalization, corruption had a smaller economic body on which to grow.
In his masterpiece The General Theory of Employment, Interest and Money John Maynard Keynes referred to what he called the 'euthanasia of the rentier'. Keynes argued that interest rates should be lowered to the point where it secures full employment (through an increase in investments).
In order to survive into the future, big oil companies are forced to constantly search for large discoveries, driven by the necessity to replace the steady decline in production at existing fields.
Currently, market breadth is very strong with over 80% of stocks in long-term upward trends and does not indicate a top is in the process of being formed. Also, more than 92% of the 50 states in the US are experiencing economic growth and the risk of a recession is quite remote.