Stuff I’m Reading this Morning… Goldman Sachs is recommending the BRIC-related stocks going into earnings season, here are their 50 favorite plays: (PragCap) The most important news of the day. (Clusterstock) Pershing Square’s Bill Ackman has a new short position. (DealBook) Classic: NBC wants Jay Leno to have an affair! (BorowitzReport) Pessimism Porn takes a…
Unemployment
You Heard the Man…It's Over! Go Back to Work!
Source: Cagle.com
Can The Stock Market Save The Economy?
A friend of mine, someone completely outside of the Wall Street world, asked me this question a few days ago and in addition to being at an utter loss for the answer, I thought it was one of the more interesting questions one could ask right now. My friend, we’ll call him Dirk (if only…
The Kids Aren't Alright
Teenage unemployment at 25.5% has worse consequences than just the lack of a minimum wage paycheck for the kids. When I was a teenager, I worked at a local hardware store a few nights a week after high school. I was a stock boy and then a cashier. My co-workers were miserable people, stuck in…
The "Real" Unemployment Rate is All Ewwey and Stuff
EconomPic did the graphic above and I think that this is the best way to look at the current unemployment sitch. The scale on the right includes unemployed people that are not counted in the official number, such as those who have picked up part-time work, are working on a task-by-task basis or who have…
Wall Street's Recovery vs Main Street's
via TIME
Forecasters See Recovery… Jobless Recovery
This came out from the Philly Fed on Friday night… The Third Quarter 2009 Survey of Professional Forecasters got a smaller response than normal (only 34 economists participated) but the results are interesting nonetheless. By no means do I endorse the reliability of what this group has to say. On the panel, you have some…
Breakfast Links: Heidi Moore, Bill Clinton & Runpee.com
Stuff I’m Reading this Morning… Heidi Moore get’s her head handed to her by Matt Taibbi after her silly Goldman Defense…(TrueSlant) Is Taibbi’s next conquest Charlie Gasparino and CNBC? On Imus Radio? (Clusterstock) Mike Konczal on unemployment insurance, great post. (Rortybomb) Finally, an interesting stimulus handout: Advanced batteries for cars. (WSJ) Bill Clinton is STILL…
Apocalypse Detroit
Detroit is a scary city as evidenced by these incredible images by 7 contemporary photographers. Mitch Cope has put together a masterpiece, a set of photographs of the city that capture the hopelessness and devastation in a way that 1000 newspaper and magazine articles never could. In some of these pictures, Detroit looks almost like…
The Tragedy of Robot Unemployment
From the New York Times: Japan’s legions of robots, the world’s largest fleet of mechanized workers, are being idled as the country suffers its deepest recession in more than a generation as consumers worldwide cut spending on cars and gadgets. At a large Yaskawa Electric factory, where robots once churned out more robots, a lone…
