award tour » economy

how to make an american job

tyler — Wed, 07 Jul 2010 23:31:46 +0000

How to Make an American Job Before It’s Too Late: Andy Grove – Bloomberg. long article about restarting American manufacturing. some surprising ideas (including a trade war) from the co-founder of Intel.

california on verge of system failure’

tyler — Mon, 21 Jun 2010 21:31:50 +0000

California on verge of system failure’ – The Globe and Mail. oy yoi yoi.

did a big bet help trigger ‘black swan’ stock swoon?

tyler — Tue, 11 May 2010 16:00:14 +0000

Did a Big Bet Help Trigger ‘Black Swan’ Stock Swoon? – WSJ.com. “Normally there can be hundreds of offers to buy the iShares Russell 1000 Growth Index exchange-traded fund, but at 2:46 p.m., there were just four bids north of $14 for a fund that had been trading at $51 minutes earlier”. So basically all liquidity in the market is hedge fund robots.

detroit homes sell for $1

tyler — Thu, 29 Apr 2010 14:30:10 +0000

Detroit homes sell for $1 amid mortgage and car industry crisis | The Guardian. Some interesting stuff about community groups that are just tearing down homes without permits to get rid of the blight. Michigan is such a crazy place.

some see a housing bubble down under

tyler — Thu, 15 Apr 2010 15:05:04 +0000

Some See a Housing Bubble Down Under – NYTimes.com. The median housing price in all of Australia is $450K USD? That’s beyond insane. The median in Sydney is twice that. via adam.

china’s gdp ghost cities

tyler — Mon, 16 Nov 2009 18:33:48 +0000

The Other Side Of China’s 8% GDP “Growth”: Ghost Cities | zero hedge. al-jazeera news piece about an empty city in china.

jobless rate for people like you

tyler — Mon, 09 Nov 2009 18:02:20 +0000

The Jobless Rate for People Like You – Interactive Graphic – NYTimes.com. The worst off: black men ages 15 to 24 without a high school degree: 48.5%. The best off: white women ages 25 to 44 with a college degree: 3.6%

detroit house auction flops for urban wasteland

tyler — Mon, 26 Oct 2009 23:14:22 +0000

Detroit house auction flops for urban wasteland – The Globe and Mail. holy crap.

the new untouchables

tyler — Fri, 23 Oct 2009 19:04:32 +0000

The New Untouchables – NYTimes.com. it’s people who can hustle.

mortgage rate hike could cool housing rebound

tyler — Thu, 15 Oct 2009 13:37:04 +0000

Mortgage rate hike could cool housing rebound – The Globe and Mail “But although rates are on the rise from April, when they hovered at 5.25 per cent, they are still far below the 7.25 per cent reached in 2000. (They were as high as 21.75 per cent in August, 1981.)”

toronto confusion

tyler — Fri, 07 Aug 2009 19:57:14 +0000

From The Star today: “Toronto jobless rate hits 10%”. From The Star yesterday: GTA housing market hot. The latter points out a a semi-detach home in the Danforth that “sold in May for $715,000 after being listed for $549,000″.

Clearly, the recession is effecting Toronto. Is it just not effecting people who are approved for half million dollar mortgages?

canada lost 45K more jobs in july

tyler — Fri, 07 Aug 2009 16:46:25 +0000

Canada lost 45,000 more jobs in July “Canada’s jobless rate remained steady at 8.6 per cent in July, even as the country lost about 45,000 jobs. The unemployment rate remained unchanged from June as people gave up looking for work and dropped out of the labour market.” That is one depressing quote. Summer unemployment for full time students is at 21%.

a conversation with martin sorrell

tyler — Thu, 30 Jul 2009 15:29:04 +0000

Charlie Rose – A conversation with Martin Sorrell. Head of WPP, the second largest communication (read: advertising) company in the world. sharp insight. via jody.

record number on unemployment

tyler — Tue, 28 Jul 2009 14:57:33 +0000

Record number on unemployment – The Globe and Mail. 780K people on EI now. EI claims in Ontario and Alberta went up 16% in one month. crazy.

how trillion-dollar deficits were created

tyler — Wed, 10 Jun 2009 21:13:41 +0000

How Trillion-Dollar Deficits Were Created – NYTimes.com. that’s nuts. As the related article states: “The first is that President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.”

how to brace your portfolio for inflation

tyler — Sun, 07 Jun 2009 14:53:12 +0000

How To Brace Your Portfolio for Inflation – WSJ.com. or more so, hyper-inflation. not a ton of options for average folks though he does mention the option of grabbing a 10-year fixed rate mortgage for 5%.

poking holes in a theory on markets

tyler — Sat, 06 Jun 2009 21:18:50 +0000

Talking Business – Poking Holes in a Theory on Markets – NYTimes.com “Our default reflex is that the world knows what it is doing, and that is extravagant nonsense”

deficit swells from $34B to $50B – in 4 months

tyler — Wed, 27 May 2009 15:38:41 +0000

Deficit swells from $34-billion to $50-billion – in 4 months – The Globe and Mail. the article mentions that half the increase is from EI claims (which increased by 10% just last month). i love that this article didn’t last 24 hours on the Globe’s front page.

‘youth magnet’ cities hit midlife crisis

tyler — Sat, 16 May 2009 21:46:02 +0000

‘Youth Magnet’ Cities Hit Midlife Crisis – WSJ.com. lots of 20somethings are still moving to cities like portland even as unemployment reaches 11%. the photos in the slideshow for the article are also really nice and typical portland. also, turns out that 8% of people in portland commute by bike, 10 times the national average.

the almighty renminbi

tyler — Thu, 14 May 2009 21:55:16 +0000

Nouriel Roubini – The Almighty Renminbi?. it’s scary to think how large the chain reaction will be when the US loses it’s reserve currency status.