One for the "well, duh" file

[will]

Lack of demand is causing unemployment. Gosh, who woulda known? Here I thought the reason we were all struggling is because the confidence fairy hadn't bestowed riches on the "job creators." Amazing that people still write articles noticing the obivous, five years after the onset of the obvious.

economistsview.typepad.com/economistsview/2012/05/explaining-the-rise-of-unemployment-mostly-lack-of-demand.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+EconomistsView+%28Economist%27s+View%29

Oh, well, they are professional economists. If they were shithouse economists, they would have figured it out a long time ago.

[baldrick]

Shhh... You're disrupting The Narrative ^(tm)

[will]

They are finally beginning to disrupt The Very Serious Narrative as economists. About time. By the way, I have seen Paul Krugman refer to vacuous talking heads as Very Serious People for the past few months. I wonder if he would like to join the Very Serious Organization. He might be a little too smart to fit in, though.

[kitkat]

I still think this is just symptomatic of global capitalism moving from a few hundred million consumers with X disposable income to a few billion with X/5. Developing economies are where all the attention is directed these days. The developed world is just in the 'final harvest' mode.