My fervent hope is that all of you seeking gainful employment realize your wishes. But realistically, with far more people out of work or under-employed than the data spoon-fed to us by inexperienced business reporters would suggest (26 million Americans – 17% of the work force) and very few… Read the rest

From our No Shit, Sherlock Department’s New York bureau, a.k.a. Bloomberg: Confidence among U.S. consumers unexpectedly fell in October for a second month as Americans fretted about a lack of jobs. The Conference Board’s confidence index dropped to 47.7 from a revised 53.4 in September, a… Read the rest

To begin with, take the advice of your best economic advisor: “The banks are there to serve the public,” Mr. Volcker said, “and that is what they should concentrate on. These other activities create conflicts of interest. They create risks, and if you try to control the risks with… Read the rest