“In the mid-’80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly… until one of them devastated the global economy.” Link
Category: Economic
Things having to do with economic / financial issues.
43 Years = No Growth?
“Adjusting for inflation, the Dow is basically where it was in 1966.”
Jobs lost in layoffs may not be back
“As government data revealed Friday that 651,000 more jobs disappeared in February, a sense took hold that growing joblessness may reflect a wrenching restructuring of the U.S. economy.” Link
Company Logos After Recession….
Letter from the Boss (Small Business Owner)
I came across this letter. I’m not sure how authentic it is, but it talks about today’s economy and taxes from the perspective of a small business owner. Good to get their perspective too. Continue reading “Letter from the Boss (Small Business Owner)”
$7,500 is Median Price for Homes in Detroit
Very sad state of affairs there. Continue reading “$7,500 is Median Price for Homes in Detroit”
Economy Shrinks At Staggering Rate
Challenges Loom Larger Than Feared With Sharpest Contraction Since 1982 (Washington Post)
Difference between Liberal/Socialist vs Conservative/Capitalist – ;-)
A young woman was about to finish her first year of college. Continue reading “Difference between Liberal/Socialist vs Conservative/Capitalist – ;-)”
Our Tax System Explained: Bar Stool Economics
Given the news today of the Obama tax and spend proposal I thought I would share something I came across some time ago:
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. Continue reading “Our Tax System Explained: Bar Stool Economics”
Dilbert on Bailout…
Zenoch's View 