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October 10, 2012 0

Schnare on screen, Captain.

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves.

October 10, 2012 0

Mish on Capital Account: IMF Downgrades, Unemployment, Participation Rate, Conspiracies; What is the Best Way to Measure Unemployment?

By News Desk

Link if video does not play: Mish on Capital Account . A New Way to Measure Unemployment On Monday, in the wake of a controversial drop in the unemployment rate, Gallup Economist Dennis Jacobe proposed a A New Way to Measure Unemployment . He proposed " Payroll to Population (P2P) — the number of Americans employed full-time for an employer as a percentage of the U.S

October 8, 2012 0

Netherlands House Price Crash Underway; Will France Follow?

By News Desk

Similarly, Bloomberg reports Netherlands House Prices Dropped the Most on Record Last Month House prices in the Netherlands, the fifth-biggest economy in the euro area, dropped in July by the most since the index started in 1995. Prices declined 8 percent from the same month a year earlier, after falling 4.4 percent in June, national statistics agency CBS in The Hague said on its website today. Values have fallen 15 percent from a peak in 2008 and are back to about the same level as eight years ago, CBS said

October 8, 2012 0

Lost Bet

By News Desk

Lost Bet On Friday, I lost a bet made in March of 2010 regarding unemployment . I bet that the unemployment rate would not dip below 8% before June 2015. I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs.