On Monday, my "question of the day" was What will the unemployment rate look like for the rest of the decade?
Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.
Echoing Charlie Munger, Oaktree's Howard Marks warns today's institutional and retail investors that "everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong." These words seem critically important at a time when the world and his pet rabbit is a self-proclaimed stock-picking export.
When it comes to job openings, America is not created equal. While some regions have recovered rapidly from the financial crisis, others are still struggling. Job search site TheLadders takes a look at the places in America where it's easiest and most difficult to find a job. Unemployed people might not necessarily have the wrong skills, the analysis shows. They may just be in the wrong part of the country.
Jon Chait did a very funny job taking apart David Brooks's column on reconciliation. I want to do a serious job on it. The factual statements Brooks uses in his argument are wrong. Not arguable, or questionable, or suspicious. Wrong. And since everything else flows from those wrong facts, the rest of the column can't be taken seriously.
I saw the documentary "Inside Job". It covered corruption in the financial industry, and the housing bubble/bust/bailout.One thing overwhelmingly impressed me. Every single person interviewed in the film had the parasitic or psychopathic personality type. Even the people saying "WTF? There's too much corruption!" had the parasitic personality type.Some parasites go around saying "WTF? This is wrong!", just to provide cover for the other parasites. "Inside Job" was a very weak criticism of the financial industry, compared to my blog.