January 2014

This Week on TRB

Here were the most read posts on TRB this week, in case you missed them: Yield Chasing Never Ends Well – Even in Equities What are the most stressful jobs in finance? “I’ll buy the dip” The only thing we have to fear… You Are Here 

Fed Manipulating Jobs Market, Creating Fiat Employment

This morning’s hilarious December Non Farm Payrolls report showed the US added just 74,000 jobs for the month. Obviously, the weather was a factor. Then there’s some stuff going on with us losing 16,000 construction jobs and the Labor Force Participation Rate re-touching its cyclical lows once again. Meanwhile, the unemployment rate somehow dropped. Okay,…

Scott Minerd: Strength Begets Confidence

Scott Minerd (Guggenheim Partners CIO) on the outlook for 2014: U.S. equities rose by 10 percent in the final three months of 2013, producing a wealth effect that should pay dividends in 2014. Although the unwinding of inventory that built up in the third quarter is expected to be a drag on fourth quarter economic…

What are the most stressful jobs in finance?

efinancial careers did an informal survey of industry pros and came up with rankings of the most stressful jobs in the financial indusry. The top three, in this order, were Investment Banker, Trader and Compliance. Number four was my gig… 4. Wealth manager/financial advisor: Finishing near the top on some surveys and further down on…