Relevant and even prescient commentary on news, politics and the economy.

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On the Job Market

by Mike Kimel On the Job Market Recently, my employer went through a merger. As part of the process, my position disappeared. I turned down a different position that was…

Karl Rove on Health Insurance

…out of thin air and nobody gets hurt. Fixing prices at less than market rates will continue under any public option. What prices qualify as less than market rates? As…

Thought-Experiment: Assets and Securities

…assume that, since the housing bubble burst, I believe that my house has fallen in value by too much. I would understand a 20% decline, but the “market price” that…

Market bets on energy and raw materials today

The market bounced back today to almost where it was on Wednesday. But if you look at how the various sectors did the market is not only discounting that the…