Floyd Norris at United Panic reports today on this month’s report from the Jerome Levy Forecasting Center. They have consistently been the wet towel in the face of the “It’s raining dollars!” forecasters over the last few years. The overview: it’s going to be a lot worse than people think.
Of interest to us is their [...]

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Several weeks ago I threw my hat into the ring as the best choice for the US Vice President candidate of either party. Today, in an effort to extend my patriotic efforts to serve my country.
In exchange for a properly renumerated position, I am willing to come on board for the next year and take [...]

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In comparing this current collapse to 1929-1932, you hear economists talk about how the unemployment rates are so different. Back then, almost a quarter of the workforce was out of work. Today, the number is still below 7%. (I’m America, so these arguments are all US-based.)
There’s a problem with this thinking, because the current unemployment [...]

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There’s a lot in the press these days about the irresponsibility of CEOs who lied, covered-up and generally made a lot of cash while destroying billions of dollars of value. For example, here’s something from the Vault’s article on “Are CEO’s Ready To Face Career Instability?“:
As [reviled Lehman Brothers CEO] Richard Fuld’s Congressional testimony aptly [...]

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When I returned last week to the small city in northwestern Indiana where I live, it struck me that most Americans do not share my feeling that the world fundamentally shifted. They see it as something happening out there. Partly it’s because a lot of my neighbors don’t have retirement funds invested — I [...]

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We’ve already looked at the American stock market activity from 1928-1942, bookending the collapse and America’s entry into the war at Pearl Harbor in Dec. 1941. Today I’ll look at Europe and the rise of despots, which is currently happening again.

I am speculating on what is likely to happen. That means that I am [...]

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Reuters, the global english news service, reports on this months Ig Nobel Prize awards: the award for Medicine goes to a team “who showed that high-priced placebos work better than cheap fake medicine.” This has implications for pricing your services during the Crisis.

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FastCompany.com has posted an article on how the current crisis might affect you career (seen on Yahoo! Finance). It’s a mostly useless article except for the Mitchell Feldman’s comment in the third paragraph: “the real answer is that all employees are vulnerable right now.”
Which is about like saying that they have no idea.

[...]

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I have sat on my remarks about the current financial crisis for several weeks now. I’m taking this week to address it as it pertains to your career.
I’m not an expert in some of the topics I will discuss. You need to correct me where I have facts wrong. Also, I will be speculating [...]

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