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| http://www.calculatedriskblog.com/2013/12/graphs-duration-of-unemployment.html | |
Unemployment by educational attainment. Yeah, we've long known the more educated the more likely to be employed. Even more startling is the participation rate by attainment. Okay, that's the good news. Now the part everyone seems to be missing. Look at only the post recession right side of the graph. The only cohort with rates below previous all time highs is the less than HS segment. Not only that but look at the rates of UE decline. The less educated the faster unemployment rates are falling. We are only adding crappy jibs suitable for HS education or less.
While pondering the implications check this out:
The phrase you are looking for is "pushed off the back of the bus."
6 comments:
Contempt and Elitism Brought Us the Fed and QE
...Strong was also in the newer school of those bankers that favored "currency elasticity", and thus a profound supporter of a third American central bank. Such placement earned him an invitation, as JP Morgan's representative, to the ultra-secret retreat on Jekyll Island in 1910, the meeting that would spawn the Aldrich Plan. Rhode Island Senator Nelson Aldrich (R) was also in attendance at Jekyll Island and would become the face of the idea and its sponsor in Congress.
The growing pains of an industrial and increasingly global economy were beginning to strain the limits of the US banking system. Owing in no small part to experience in the Panic of 1907, as well as the turbulent decade of the 1890's, New York bankers had come to accept the concept of currency elasticity. They knew, however, that a central bank born out of Eastern financial interests would go exactly nowhere; thus their secrecy.
There is no bubble; markets just don’t work anymore
Maybe it’s because valuations aren’t what matter. Maybe the real problem is that markets are no longer doing what they’re supposed to do. As mechanisms for allocating capital, markets are broken. Maybe that’s the issue...rather than worry about how much harder it is to differentiate risk and return equations across investment options, we pull out our calculators and try to figure out the more narrow question of whether stocks are trading outside their historical norms. On that score, and with impeccable logic, many analysts are arguing that, even if stock prices have outstripped corporate earnings growth this year, they are cheap when forward-earnings projections are weighed against the yield on Treasury bonds and a persistently weak inflation outlook.
So there you have it.
Nytol...
Dawg, glad to see your site up and running again.
More like a high school locker room than a middle school playground. Oh, and coed.
Tom. I owe you a post outlining small retail investment in income RE.
"Overall, our forecast could admittedly be read as still painting a pretty benign picture," Fed economist Dave Stockton said in that December 2007 meeting. "Despite all the financial turmoil, the economy avoids recession."
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Since that Dec '07 call he has earned more money than any of us are likely to ever earn in our entire lives.
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