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By now, virtually everyone in blogland has done a review of The Quants, an excellent book by Scott Patterson in which we see math geniuses take over Wall Street over the course of 3 decades only to destroy it - along with the global economy - in a mere 18 months. Go Math!
Anyway, when the publisher sent me The Quants, I was appreciative yet apprehensive, as I was halfway through The Greatest Trade Ever, had just read Bailout Nation, and already had Too Big To Fail in the cue. How many books about the crisis that I had just lived through could I possibly commit to…
KEEP READING »Posted 2 weeks, 4 days ago
This is exactly what I’ve been waiting for to feel like a trough in employment could be at hand…
From the New York Post:
Even a résumé that boasts of saving the city from Doctor Octopus and sparkling references from the likes of Captain America can’t keep Spider-Man off the unemployment line.
The wall-crawler’s hard-luck alter ego, Peter Parker, will get canned by boss J. Jonah Jameson and join the country’s out-of-work millions in a storyline that starts in this Wednesday’s “Amazing Spider-Man” No. 623.
Seriously, the Spider-Man layoff is my purely anecdotal, 100%…
KEEP READING »Posted 3 weeks ago
When people drone on endlessly about the Decline of the American Empire and about the fact that 10% plus unemployment will be a permanent feature, they forget about a very basic trend that has not abated…skilled, intelligent people from around the world want to “make it” here, more than anywhere else.
I was surprised to learn that, based on data from the H-1B Visa program for skilled immigrants, such a large percentage of these strivers are coming here from India.
From Economix:
Bear in mind, though, that a lot of the world’s innovators are still hoping to come to the United…
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