Tag: decline

Inflation is calm at the moment

Remember when there was a ton of worry about inflation? The worry-warts were talking about the federal reserve printing all of this money, which was going to lead to inflation. We were going to be 1930s Germany. We needed to pay off debt and stop government spending. Well, inflation as a rule has held steady. Groceries seems to be steadily increasing, but for the most part inflation has been held in check. (The worry-warts forgot about the fact that we were in a recession and had high unemployment, which means that there was no demand. It is hard to have inflation

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Jobs numbers for November. 8.6%

Better. Much better than I expected. We need much more, but this is better. Note that the jobs numbers for September and October were revised up. From MarketWatch: The U.S. gained 120,000 jobs in November and the unemployment rate fell to 8.6% from 9.0%, the Labor Department said Friday. The government also revised jobs data for October and September to show that 72,000 additional jobs were created. Economists surveyed by MarketWatch had forecast a 125,000 increase in employment in November and no change in the jobless rate. About half of the drop in the unemployment rate stemmed from a decline in

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A few thoughts – Tuesday Evening

Someone get me a box of Kleenex. I think I’m gonna have a good cry. Bank of America is no longer the largest bank in the United States. As the American people are suffering, the folks in the financial sector are partying like it’s 1999. Higher profits all around – Citigroup, Wells Fargo and Bank of America have all reported higher profits. From EPI: -11.3%, -6.6%, -4.5%: The change in family income between 2007 and 2010 for the bottom 20 percent, middle 20 percent, and the top 20 percent, respectively $6,298: The decline in median working-age household income from 2000 to

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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