Broomer's Blog

From the monthly archives: February 2017

We are pleased to present below all posts archived in 'February 2017'. If you still can't find what you are looking for, try using the search box.

Well, I Got That Wrong

For some time, we have been puzzled by the apparent complacency in the general population despite the growing gulf between the haves and have nots. Real incomes have struggled to grow through the early part of this century and have only just begun to advance from the pre-crisis peak. However, the picture for the average worker is far less rosy as the chart below details. Incredibly, median salary US male workers are now worse off than they were in the 1970s in real terms.

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Greece, Still in the Midden

Greece continues to be hounded by the EU and IMF to implement further economic reforms. Despite massive cuts to spending and the impoverishment of large segments of the population, the fiscal budget is still way in the red (5.8% in 2016) and the national debt remains at crushing levels.

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