Yes, someone gave a seminar on how to avoid hiring qualified workers.
There’s a twist to this story.

http://www.youtube.com/watch?v=TCbFEgFajGU

Watch the video in its entirety.
Popularity: 7% [?]

Popularity: 7% [?]

Quoting Gillian Tett of the Financial Times:
In recent years, the concept of a “Goldilocks” economy has permeated the policymaking world. For after decades of painful economic booms and busts, politicians and central bankers have become wedded to the idea of chasing a growth rate that is neither “too hot, nor too cold, but just right” [...]

Popularity: 4% [?]

End of the Line
Farewell, Bear Stearns. If it’s any consolation, a number of your colleagues will be joining you soon. Why? Simple: there isn’t enough money in America to save the financial system as we know it. It’s coming apart at the seams.
This is a good thing.
For sure, there will be lots of folks who [...]

Popularity: 7% [?]

The credit crisis we’re currently enduring has been a long time in the making. Arguably, you could stretch all the way back to 1971 when President Nixon removed the United States finally from the gold standard, making our currency a fiat currency. Since then, and especially since the late 1980s, we’ve been inflating our currency [...]

Popularity: 7% [?]

A few late night thoughts. Without digging into all the economics, the short version is this: 2008 economically is poised to be somewhere between hideous and horrifying. Take your pick: subprime, alt-a, gasoline, wheat, corn, student loans, etc. Any way you slice it, the economy is in a tailspin.
That said, the show must go on [...]

Popularity: 10% [?]

I read with dismay this story on MSNBC about people breaking into their retirement funds to pay for housing and other debts they’ve accrued.
Now, understand that I work for a financial institution, a lending company. It is in my short term interest and financial welfare to recommend that people should always pay their debts, and [...]

Popularity: 7% [?]

Here is a dead simple solution for foreclosed houses: offer these at cut rate auctions to affordable housing developers like CASCAP in Cambridge, MA. These agencies can use the properties, otherwise fated to decay, for affordable housing for the poor and homeless.
Why we won’t embrace this solution:
Few businesses understand the sunk cost fallacy. Banks and [...]

Popularity: 7% [?]

Give people about a month after their subprime mortgage payment balloons to obscene proportions and it’s not hard to guess that in some cases, that will lead to divorce and broken homes. The next big wave of resets begins in March 2008, based on the CSFB data in the chart above.
Buckle your seatbelts and unplug [...]

Popularity: 8% [?]

http://www.youtube.com/watch?v=ETQj3a221EQ

The market crashes, turns to ashes that you’re dancing on
while some fat lady cues up for a song.
You just don’t panic, so they said
in all the good books that I have read.
You just lay back and feed your head,
but that ain’t clever, that never got nothing to
sell, hell, oh well, maybe we were
better off dead.
- [...]

Popularity: 6% [?]

Take a look at these Google search trends for the word recession.

And for just 2007:

You don’t Google it if it’s not on your mind.
Popularity: 8% [?]

Popularity: 8% [?]