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- View from Down Under: Signals Were for Impending Recession, Not Financial Crisis
- Gerard Jackson submits: Writing about the Australian economy makes it impossible to ignore the woeful ignorance of our economic commentariat. It is these people who help shape the economic thinking of politicians and businessmen. For months the economy — just as I predicted it would — has been sliding into...
- External links 2008-11-04
- Obama Challenges the Law of Markets
- Gerard Jackson submits: In the public mind, recessions are ascribed to insufficient consumption. Members of the public can hardly be held accountable for their erroneous thinking when we consider that every media outlet on the planet seems to regurgitate the same error, including vulgar Keynesians. However, more intelligent Keynesians...
- External links 2009-03-16
- The Obama Economy's Impact on the Stock Market
- Gerard Jackson submits: My criticisms of Obama's economic policy ruffled quite a few Democrat feathers if the amount of abusive email I got is anything to go by. (Because these Democrats always act in bad faith, they unthinkingly assume that their critics always do likewise.) As expected, the thoughtful...
- External links 2009-03-16
- Why Obama's Big Spending, Big Taxing Regime Will Cripple the U.S. Economy
- Gerard Jackson submits:Obama is ideologically wedded to the cult of big government. This of course requires increased taxation as well as a fundamental belief in the intellectual superiority of those doing the taxing and spending. And as we all know, Obama and his advisors are the smartest clowns in town....
- External links 2009-03-23
- Recession, Depression and Monetary Mismanagement
- Gerard Jackson submits: The Institute for Supply Management reports that May was the "16th consecutive month of contraction in the manufacturing sector". Even though the contraction appears to be slowing, the demand for capital goods continues to drop with no sign of a reversal in sight as of yet. Of...
- External links 2009-06-22
- Australia's Economy Continues to Contract
- Gerard Jackson submits: George Megalogenis, an economic writer for The Australian, is an excellent example of what is wrong with our economic commentary. In his view Rudd's reckless spending binge is working. As evidence points to the building industry increasing its demand for labour. Then there was the $20.1billion in...
- External links 2009-06-25
- The Austrians Are Right: Consumer Demand Does Not Drive the Economy
- Gerard Jackson submits: In last week's article (The US economy: recession, depression and monetary mismanagement) I pointed out that consumer spending is only about one-third of total spending. What this means is that business spending is what drives the economy and not consumption. Well, this was ...
- External links 2009-07-02
- What Economic Recovery?
- Gerard Jackson submits: The Dow has passed the 9000 barrier. This has gotta be a recovery, right? After all, "the share market is forward looking". I'm afraid these people have confused forward looking with foresight. Never look to share markets as harbingers of growth or recession. Market watchers would know...
- External links 2009-07-28
- The U.S. Economy Doesn't Look Too Bright
- Gerard Jackson submits: Despite the mighty efforts of a deeply corrupt media to portray the American economy as being on the eve of an economic miracle the American people know otherwise. They know that something is seriously wrong. If only most economists were as perceptive as poor ol' Joe Sixpack...
- External links 2009-08-17
- What Kind of Recession Are We in?
- Gerard Jackson submits: Trying to spark a debate in Australia about the nature of the boom-bust-cycle is worse than talking to a brick wall. Our establishment rightwing stubbornly refuse to consider any theories that fall outside their own narrow views on the subject. For example, John Stone — former head...
- External links 2009-09-11
- U.S. Recession: More Unemployment, Sinking Dollar
- Gerard Jackson submits: What gives? The Obama administration no sooner assures Americans that labour markets had finally stabilised and mass job losses were at an end when the Bureau for Labor Statistics comes out last Wednesday and ruins the party with the bad news that mass layoffs leapt by...
- External links 2009-09-28
- Reserve Bank of Australia: Getting It Right on the Asset Boom and the Recession
- Gerard Jackson submits: The Reserve Bank of Australia has led the world's central banks in raising rates in the presence of a great deal of unemployment and idle capacity. Clearly the bank is making a pre-emptive strike against inflation. That this was also a strike against Keynesian orthodoxy went unnoticed,...
- External links 2009-10-16
- Does Manufacturing Really Signal Good News for the U.S. Economy?
- Gerard Jackson submits: It is economic theory that informs statistics and not the reverse. In other words, statistics should be interpreted according to theory. Unfortunately the failure of a large number of economists to grasp this fact, including some of the very smart ones, has had the most adverse consequences,...
- External links 2009-10-22
- Will Obama's Economic Policies Destroy the Dollar?
- Gerard Jackson submits: One doesn't need to be an economic genius to see that the US dollar is in trouble, that Americans are hopelessly confused about what is happening to their currency is no surprise. However, before we get to the point of whether Obama's economics will do the dollar...
- External links 2009-10-26
- Obama's Spend, Tax and Borrow Policies Will Wreck the U.S. Economy
- Gerard Jackson submits: If Obama's oratory was matched with economic wisdom, leavened with a sound knowledge of economic history, America would have nothing to worry about. Unfortunately Obama is a profoundly ignorant man who shares the statist's contempt for economics, an attitude that will have fearful consequences for the US...
- External links 2009-03-02
- Government Resorts to Snake - Oil Policies While the Economy Tanks
- Gerard Jackson submits: Business investment is hitting rock bottom and capacity utilisation continues to contract. This is definitely not good. Have no fear: the government is coming to the rescue with a $41,534,000,000 extravaganza. Although this spending is supposed to be spread over four years a great deal of...
- External links 2009-02-23
- Prime Minister Rudd's Growth Gap Myth
- Gerard Jackson submits: According to Prime Minister Rudd there is a global "growth gap" and massive government intervention is needed "if the demand-side gap is to be met and massive unemployment is to be avoided. Naturallly, Mr Rudd has the solution: "Classic Keynesianism, pure and simple." (Kevin Rudd, The Monthly,...
- External links 2009-02-17
- Australia's Impending Recession? It's Already Here
- Gerard Jackson submits: "Manufacturing records weakest result in 16 years." So said the AIG Australian Industry Group in their October report on manufacturing. Their PMI performance manufacturing index showed that manufacturing has been contracting for five months. As expected, construction and the higher stages of production have borne the blunt...
- External links 2008-11-11
- Detroit's Big Three and the Democrats' Economic Illiteracy
- Gerard Jackson submits: The Union Auto Workers and its supporters are arguing that The Big Three, like some other economic entities, are too big to fail. Talk about the wrong end of the stick. In reality, these companies are too big to rescue. Even those who are adamantly opposed to...
- External links 2008-11-25
- Australian Economy Slides into Recession While Pollyannas Look the Other Way
- Gerard Jackson submits: When I complain about the lousy state of economic commentary, I also include the Reserve Bank of Australia. In a recent speech he gave in Melbourne, Glenn Stevens, the Reserve's governor, argued that "the biggest mistake we could make would be to talk ourselves into unnecessary economic...
- External links 2008-12-02
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