Remember when they said not to worry about the low saving rate?

Three years ago, when the personal saving rate (that is, disposable personal income minus personal outlays, usually expressed as a percentage of disposable personal income) briefly dipped below zero, it was easy to find economists willing to downplay the significance. David Malpass, then of Bear Stearns, was probably the most prominent …

“Sunlighting”: the new work trend

Heard of moonlighting? Yeah. Now you get the picture.

Iconoculture says it’s the new trend (they call it “daylighting,” but I thought my term was cleverer…I’m trademarking). Iconoculture says:

Consumers who have gotten used to a certain lifestyle may take drastic measures to maintain that lifestyle, even when the economy tanks. It’s

Most meaningless market move yet

Regular readers are well aware that Barbara and I really hate assigning deep meanings to daily stock market movements, and when we are pressed into doing so by our editors we usually respond by writing about volatility.

But today’s 889-point rise in the Dow really takes the cake. There is no plausible explanation for why the market just …

Getting ready to be sandwiched

My recently widowed Dad moves in this Friday. We’ve prepared the house: Chris has put in safety bars in the bathrooms and a bannister on the stoop. Right now he’s installing a new sink with an easy-to-use faucet. We’ve cleared out the downstairs playroom and moved in a bed, a comfy reading chair, a smoke alarm. We’re stocked up on …

New(ish) column: The Comeback Keynes

First came the Great TIME.com Blog Crash of 2008. Then I spent Monday as the Nauseous Capitalist, and really didn’t feel up to posting. I still don’t feel great but here, finally, is a perfunctory post linking to my latest column. It begins:

We are all Keynesians now. It’s a phrase that entered public discourse as the headline of a TIME

The case of the sabotaging colleague

It was a dark and stormy day at Employer Inc.

Walking to the window, Mark gritted his teeth and scratched his face, which felt itchy and hot. He surveyed the crepuscular lights of London, as if the missing file might be hiding among them. Monday’s presentation would be his first in front of CliffBank’s senior management team. He’d

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