The sideways economy

The headline from this morning’s Labor Department jobs report isn’t cheery: the number of people on payroll fell by 131,000 in July. That’s not the direction we need to be going. The payroll number for June was also revised downward, from 125,000 jobs lost to 221,000.

It’s important, though, to look at the difference between what’s …

The Recession as Literary Muse

On the surface, the economy doesn’t seem like the sexiest topic for a novelist to explore. But a dramatic swing in the economy means great drama in people’s lives. Just as the Dust Bowl, the Great Depression, and the Roaring ’20s provided the setting and inspiration for works of art and literature in their respective eras, the current …

A Nation In Search Of Higher Yields

If you ask Americans today which they would like most, a promising stock or an ample bond yield, my guess is that the bond would win by a landslide. Even though inflation is not eating away at purchasing power, declining incomes are. What people are hoping for, hunting for, is that reliable investment that steadily kicks off cash…for …

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