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Monthly Archives: March 2014

Minsky on financial instability

Stability is destabilizing.

BBC runs a 30-minute program on Minsky and why his insights matter.

minsky bbc

Still the same

Official unemployment rate has gone down dramatically, but the improvement of labor market has been largely fake, as the employment-population ratio hasn’t moved much since recession ended.  See this sharp chart from John Taylor at Stanford.

emp-pop-feb-2014

You can also take a longer term perspective at this ratio below:

emp-pop ratio time series

Feel puzzled? You can find out the reason why unemployment rate and the employment-population ratio tend to diverge during this reovery here.