http://blogs.reuters.com/james-pethokoukis/2009/10/07/stimulus-vs-unemployment/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/james-pethokoukis/2009/10/07/stimulus-vs-unemployment/comment-page-1/#comment-5025 Camron Barth Tue, 01 Dec 2009 08:31:45 +0000 http://blogs.reuters.com/james-pethokoukis/?p=2214#comment-5025 We'll have November's numbers in a few days. We’ll have November’s numbers in a few days.

]]> http://blogs.reuters.com/james-pethokoukis/2009/10/07/stimulus-vs-unemployment/comment-page-1/#comment-5024 Camron Barth Tue, 01 Dec 2009 08:31:07 +0000 http://blogs.reuters.com/james-pethokoukis/?p=2214#comment-5024 Now at 10.2 Now at 10.2

]]> http://blogs.reuters.com/james-pethokoukis/2009/10/07/stimulus-vs-unemployment/comment-page-1/#comment-3092 Camron Barth Wed, 14 Oct 2009 04:58:32 +0000 http://blogs.reuters.com/james-pethokoukis/?p=2214#comment-3092 Unemployment is rising. Unemployment is rising.

]]> http://blogs.reuters.com/james-pethokoukis/2009/10/07/stimulus-vs-unemployment/comment-page-1/#comment-2938 mthomas Thu, 08 Oct 2009 14:54:05 +0000 http://blogs.reuters.com/james-pethokoukis/?p=2214#comment-2938 While I think it's too early to examine the full effects of the stimulus, and given the govt's lack of foresight in dealing with the problems, there should be a lag in this relationship. Nevertheless, I think people need to recognize that we are in a new normal where structurally high unemployment is a given, because of the lack of manufacturing jobs and the plethora of jobs that were tied to the FIRE industries. So all of this stimulus money in my opinion does far more harm than good. It only temporarily creates jobs, but further adds to our ridiculous deficits and further weakens the dollar. Speaking of the dollar, it is approaching new lows for the year, and one of the only ways I feel for people to protect themselves against a weaker currency is to invest in gold related assets. While doing my usual weekly blog read I came across some interesting at <a href="http://www.goldalert.com/" rel="nofollow">http://www.goldalert.com</a> that discuss the government's role in creating persistent inflation by printing money to fund the large deficits. One article in particular I found good was "Gold Price and Negative Nominal Interest Rates", which discusses the relationship between the Federal Reserve and the gold price. So while people most likely will continue to struggle with employment, at least there is an asset that should continue to benefit from the govt's efforts to deal with this problem. While I think it’s too early to examine the full effects of the stimulus, and given the govt’s lack of foresight in dealing with the problems, there should be a lag in this relationship. Nevertheless, I think people need to recognize that we are in a new normal where structurally high unemployment is a given, because of the lack of manufacturing jobs and the plethora of jobs that were tied to the FIRE industries. So all of this stimulus money in my opinion does far more harm than good. It only temporarily creates jobs, but further adds to our ridiculous deficits and further weakens the dollar. Speaking of the dollar, it is approaching new lows for the year, and one of the only ways I feel for people to protect themselves against a weaker currency is to invest in gold related assets. While doing my usual weekly blog read I came across some interesting at http://www.goldalert.com that discuss the government’s role in creating persistent inflation by printing money to fund the large deficits. One article in particular I found good was “Gold Price and Negative Nominal Interest Rates”, which discusses the relationship between the Federal Reserve and the gold price. So while people most likely will continue to struggle with employment, at least there is an asset that should continue to benefit from the govt’s efforts to deal with this problem.

]]> http://blogs.reuters.com/james-pethokoukis/2009/10/07/stimulus-vs-unemployment/comment-page-1/#comment-2936 Greg Thu, 08 Oct 2009 14:39:23 +0000 http://blogs.reuters.com/james-pethokoukis/?p=2214#comment-2936 Yea, that graph looks fairly damning, except that the effects of stimulus, in terms of job creation and projects will probably not be seen until late this year and in 2010.I must admit though, that here in NJ, I have noticed multiple roads projects being started, restarted, and completed. At least the stimulus is having some impact. Yea, that graph looks fairly damning, except that the effects of stimulus, in terms of job creation and projects will probably not be seen until late this year and in 2010.I must admit though, that here in NJ, I have noticed multiple roads projects being started, restarted, and completed. At least the stimulus is having some impact.

]]>