Econ -ism’s Explained (funny)

The following has been circulating on the inter-tubes. It rather pithily captures the essence of different economic systems. My favorite is the AIG Venture Capitalism description. Understanding Economic Systems a simple explanation Traditional Capitalism You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell the … Continue reading Econ -ism’s Explained (funny)

March 2009 Unemployment Report- Actually worse than 8.5%

March 2009 Unemployment report came out.  At first glance, it appears slightly worse than analysts expected: 8.5% and 663,000 jobs lost.  At second look, it's actually worse. First, from Calculated Risk: Employment Report: 663K Jobs Lost, 8.5% Unemployment Rate From the BLS: Nonfarm payroll employment continued to decline sharply in March (-663,000), and the unemployment … Continue reading March 2009 Unemployment Report- Actually worse than 8.5%