I know that mocking the nation’s real estate trade organizations for their perpetual sunny optimism in the face of bad news has been getting mighty fashionable lately–maybe too fashionable. But this little item from the National Association of Realtors’ house publication is just too precious to ignore: University of Florida study released this week paints [...]
The August drop in employment that the Bureau of Labor Statistics reported this morning surprised a lot of people. You can’t really blame them: It was the first monthly decline since 2003, the numbers had been moderately strong in recent months, and the survey was conducted in the first half of the month, missing a [...]
I put together this chart for my column this week, but it was (correctly) deemed too confusing for Time readers. On the assumption that readers of this blog are a hardier breed, here it is: The idea was to investigate whether stock market volatility had risen or fallen as professional investors (mutual funds, pension funds, [...]
My new column is up online and in the issue of Time with General Petraeus on the cover. It begins: In 1951, Princeton economics major Jack Bogle wrote a senior thesis extolling the virtues of the small but growing mutual-fund industry. At the time the reigning view of the stock market was that expressed 1 [...]
