Debt supercycle

The challenge came in a moment of weakness born of a position of power.  I was up giving a quick talk on the essence of storytelling to a group of students learning about marketing techniques, particularly focused on blog writing.  It’s a hot topic lately, but my approach is, as always, that there is really nothing new about it at all.  Just as the thought-out schtick was winding Continue Reading

Obama’s job and yours

Will the economy produce a lot more jobs in 2012, or are we stalled looking at permanent unemployment and a new underclass? It’s an important question because the answer to it predicts the course of the election season far more than anything else. It’s the economy, stupid – really it’s the jobs. Continue Reading

Growing jobs, revisited

Back in October 2010, job creation was at a complete standstill.  The bottom of total employment was hit in February of that year and little had changed since.  A simple analysis came through Barataria from Gary Shilling designed to predict when the turnaround might possibly occur – sometime after the economy (as Gro Continue Reading

Fueling the future

News stories on the economy are full of many subjects that would have seemed strange to American readers just a few years ago – European banking, the developing world, clever financial instruments, and so on.  There is one word that is strangely absent, however – “Recovery”.  This once prominent term has apparently been banished from reporting, possibly because no one believes that th Continue Reading

Where are the jobs?

Since October, most of the financial news has been about Europe and the potential for a global meltdown.  The credit squeeze resulting from this crisis has become painful enough to demand serious action, which in global terms means our own Continue Reading

Black Friday: Did I just support a bunch of exploitative capitalist powermongers?

I didn’t actually buy anything on Black Friday, unless you count a pair of drinks at the Minnesota Centennial Showboat. I did, however, write about Black Friday—and drew a lot of flack for it.

On The Tangential, a creative writing blog I’m among the proprietors of, I published a post titled “Shut the Hell Up About How Stupid Black Friday Is.”  Continue Reading

Graph of the Day: Which percent are you?

With all of the hullaballoo these days about the 99% and the 1% – or the 47% and the 53% if you’re reading conservative propaganda – it’s worth figuring out which percent (roughly) you’re in. With that in mind, here’s a graph to help you out.

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Moral hazard

Back in 2009, there was a lot of talk about the “moral hazard” of bailing out big financial institutions.  The concern was that, once bailed out, the banks would learn that no matter what happened the Federal Reserve and government would be there to cover all of their bad loans – and thus make more.   In short, providing insurance for default makes it more likely that it will occ Continue Reading