(Re-)Defining “Full Employment” “Jobless Filings at Highest Point Since November” –headline, The New York Times (8/19/10) One year ago, 90% of you were in the top 10% of your class. Today, 90% of you are in the bottom 90% of the your class.–Stanford Dean of Admissions Fred Hargadon, to the incoming class of ’82 (which...Read More
“Rich in Time,” or, Making Lemonade Out of Un(der)employment No, they don’t have a lot of disposable income — that’s kind of the whole point, actually. But it turns out that the nation’s 20 million-plus un/underemployed represent a huge, untapped market — and companies with a recreational and/or social networking angle are catching on. Apple...Read More
30-Yr. Rates Back to 5% Busy day — I’ll catch up to the “news cycle” tonight. However, in the mean time, just a hunch 🙂 that there’s a link between unemployment numbers coming in better than expected, and 30-year rates going over 5% for the first time in several weeks. Haven’t seen any commentary dissecting...Read More
