In other news..
U.S. Job Satisfaction at Lowest Level in Two Decades Why could that be?
“Through both economic boom and bust during the past two decades, our job satisfaction numbers have shown a consistent downward trend.
Walk Away From Your Mortgage! Suckers pay for underwater houses (and sexless marriages and bastard kids).
John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mortgages should think about the “message” they will send to “their family and their kids and their friends.”
Krugman Says American Economy Will Not Recover for a Long Time told ya..
and here is more Guest Post: Krugman Says American Economy Will Not Recover for a Long Time, Johnson Says “Crisis is Just Beginning”
The economic ‘experts’ who stopped making sense Because most people like to believe that universe is under control.
Why? We have surely not forgiven the sinners. Rather, in the confusion of economic collapse, and as the economists did themselves, we have lost trust in our common sense and are seeking refuge in apparent certainty. There is a deep-seated human instinct to seek out oracles, and in a world that is less religious than it once was, in an internet age characterised by a relentless blizzard of information, noise and data, we have become more reliant than ever before on “experts”: anyone with qualifications or distinctions which make them worthy of attention.
U.S. Now a Renters’ Market The effects of the housing bubble and a deflating economy.
Apartment vacancies hit a 30-year high in the fourth quarter, and rents fell as landlords scrambled to retain existing tenants and attract new ones.
Geithner’s Fed Told AIG to Limit Swaps Disclosure Did I mention that he cheated on his income tax, a few times.
Jan. 7 (Bloomberg) – The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.
Help Wanted? Not Yet in the Service Sector An understatement
The nonmanufacturing sector comprises 88% of the economy, and it follows that most of the nation’s jobs are in services ranging from construction to finance to pet care.
But guess what, gang? There’s a new religion in these holy wars. And it’s Google. All hail our new overlords..
See, veteran tech columnists know one thing very well indeed: If you write anything positive about an Apple product or negative about a Microsoft product, you get buried by hate mail and personal attacks. The only worse result is if you say something negative about an Apple product or positive about a Microsoft product, in which case you get exposed to the true ugliness of the human spirit (and sometimes, in fact, physical threats).
Simon Johnson: “We Now Have A Financial System That Is Completely Based On Moral Hazard”