This video (from February 9th of this year and referenced in Joel Bowman’s article below) has a few great tidbits from two of our favorite economists. Even a few months later, it still seems relevant. Too bad the video also features the “scoffing neckties,” as Joel refers to them, behind the CNBC anchor desk.
Rocky Vega is a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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How certain large populations of idle young men will likely change the world… for the worse
“Between 1970 and 1999, 80% of civil conflicts occurred in countries where 60% of the population or more were under the age of thirty… Today there are sixty-seven counties with youth bulges, of which sixty of them are experiencing social…Read more…
Reuters reports today that January unemployment rates increased in 363 US metro areas… and nearly 200 of them had rates exceeding 10 percent.
The unemployment freight train has perhaps found the brakes, but it’s nowhere near coming to a stop.
Read more…
The law of supply and demand is trumping the homebuyer tax credit. The glut of housing we mentioned on Tuesday is making itself evident with this news: The number of mortgage applications fell 1.9% last week. Both new purchases and refinances are down.
At this rate, Congress could repeal the homebuyer tax credit today, instead of…Read more…
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