_____ (2022-07-17). Energy: The Recession Trigger? popularresistance.org There is confusion among mainstream economists and policy-makers on whether the major economies are heading for a recession, or are already in a recession; or will avoid one altogether. The majority view, at least in the US, is the latter. This optimistic view argues that, while inflation rates are high, they will start to fall over the next year, enabling the Federal Reserve to avoid hiking its policy interest rates too much to the point where it could restrict investment and spending. At the same time, the US unemployment rate is very low and the 'labour market' remains strong. Such a scenario hardly suggests a…

Dean Baker (2022-07-17). The Washington Post Says the Economy Is Terrible: Multiple Job Holders Edition. cepr.net In yet another episode in the Washington Post's efforts to tell readers the economy is horrible, in spite of unemployment being near a half century low, the paper told us about the problem of multiple job holders. It headlined a piece on multiple job holders: "Workers are picking up multiple jobs just to pay for …