Economics
« Previous EntriesAmericans Are Back to Borrowing…
Wednesday, February 8th, 2012From today’s WSJ: Household borrowing through credit cards, car loans, student loans and other installment debt—which excludes mortgages—rose at a seasonally adjusted 9.3% annual rate in December, following a 9.9% rise in November, the Fed said Tuesday. That was the biggest two-month surge since late 2001, when auto makers rolled out zero-percent financing after the [...]
Unemployment Now at 8.3%
Friday, February 3rd, 2012Just saw a headline on WSJ.com about the latest unemployment figures. Nonfarm payrolls rose by 243,000 last month, the Labor Department said Friday, marking the biggest gain since April. The jobless rate fell by two-tenths of a point to 8.3%, the lowest it has been since February 2009. Both figures contradicted expectations of a slowdown [...]
State-by-State Median Household Income Growth 2007-2010 (It’s not pretty)
Thursday, February 2nd, 2012I found the following quote from this WSJ piece interesting: The District of Columbia notched the greatest increase over the 2007-2010 period, with an 8.1% jump in income, in large part because of federal-government employment. It’s nice to be the government, I guess. I don’t know what else to say to that. The rest of [...]
Could This Be the Future of the Restaurant Business
Thursday, January 26th, 2012I read this in a Thomas Friedman piece I read this morning. I know I complain about the quality of service I receive at most places, but I’m not sure I’m ready to here… Last April, Annie Lowrey of Slate wrote about a start-up called “E la Carte” that is out to shrink the need [...]
Public’s View of Capitalism (and Other Political Terms)
Tuesday, January 10th, 2012Interesting poll I found while reading this Larry Summers Opinion Piece (click on the graphic to visit the source for the poll numbers). Back to the Summers’ Piece… He opens it with this statement (bold mine): “Americans have traditionally been the most enthusiastic champions of capitalism. Yet a recent American public opinion survey found that [...]
The Rise of Consumption Equality
Friday, January 6th, 2012Interesting piece from the WSJ: The Rise of Consumption Equality One thing he doesn’t mention is the fact that people are going into debt in order to finance this consumption. At the very least, they are not allocating income towards savings. So, although what he says is true, those with higher incomes can consume AND [...]
Debt Parity (Hilarious)
Friday, January 6th, 2012Thanks to Kirk over at Swim Upstrem to Wealth for finding this very funny (and sad) video:
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