The Coming U.S. Hard Landing: "The utterly ugly employment figures for August (a fall in jobs for the first time in four years, downward revisions to previous months’ data, a fall in the labor participation rate, and an even weaker employment picture based on the household survey compared to the establishments survey) confirm what few of us have been predicting since the beginning of 2007: the U.S. is headed towards a hard landing. "
Broken Spring? : Information Clearing House This is a sequel to my June 2011 article, ‘After the spring’, on the upheavals in the Arab world. It is an article that has been painful to write, because it brings bad tidings and offers a pessimistic analysis of the upheavals, at least in the short term, in a number of Arab countries. The outcomes and potential outcomes of these uprisings have also acquired new, very significant dimensions. These include a complex entanglement with the accelerated preparations for a possible attack on Iran, and a poisonous, sectarian aspect that could have the consequence of ripping Syria and the Middle East apart.
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