President Obama tells us that the highest return investment you can make is in your own (or your children’s) education. The aggregate statistics appear to bear this out with college graduates earning about 50% more […]
Read moreAfter the market close last Thursday, JP Morgan Chase (JPM) announced that it had incurred a large loss in a “hedge” position. The loss is rumored to be approximately $2.3 billion. If it was truly […]
Read moreThe two candidates for president in this fall’s election had very different perspectives on last Friday’s jobs report. President Obama pointed to the 26th month in a row of private sector job gains and the […]
Read moreThis morning I ran across this piece on five people who have left the labor force. It a why-and-how-are-they-dealing-with-it type of thing. What struck me was that four of the five were either back in college or […]
Read moreSome financial innovations are good ideas and make large contributions to economic growth and prosperity. Others are not so good and can lead to bad outcomes including excessive leverage, financial fragility and even financial crises. […]
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