Last month, Max Abelson wrote about a new shadow of financial pessimism creeping from academia into the mainstream. And as the subsequent weeks have seen growing fears of deflation, a dismal unemployment report and a sputtering retail market, doomsayers, says the Times, are now the cool kids of Read More
By William Alden 8/09/10 8:10pm
A study last week by Nation’s Restaurant News showed that McDonald’s doesn’t rank among Americans’ top 15 favorite restaurant chains (Huffington Post has pictures). IHOP, bringing up the rear in 15th place, was the favorite of only one percent of the 5,000 consumers who responded to the poll. McDonald’s ranking, too Read More
By William Alden 8/09/10 6:33pm
By William Alden 8/09/10 3:15pm
By William Alden 8/06/10 4:59pm
“Every day, tens of thousands of people around the world who truly believed they would stay married forever suddenly find themselves on a path to divorce,” a new website called Wedlock claims. “Many never recover.”
By William Alden 8/06/10 3:25pm
Who won this morning’s battle of the wonks? A better question would be who lost.
The job report is dismal: Only 71,000 jobs were added last month in the private sector, worse even than the prediction of 75,000 from economist Jan Hatzius, Goldman’s Negative Nancy. He had gone head-to-head with Morgan Stanley’s Read More
By William Alden 8/05/10 9:19pm
When July’s unemployment rate is announced tomorrow morning at 1:45 a.m., one economist will win, and one economist will lose.
Goldman Sachs’ Jan Hatzius is pessimistically betting unemployment has gone up, and Morgan Stanley’s Richard Berner thinks it’s gone down. The Times has a breakdown of the two economists’ contradictory positions, Read More
By William Alden 8/05/10 8:13pm
Name-dropping, when done correctly, is like ostentatious spending: It pisses other people off but makes you feel really good. Read More
By William Alden 8/05/10 7:03pm
In his N.Y.U. speech this Monday, Tim Geithner told the American people to be careful with their money. But the people evidently don’t need telling.
“The core challenge is to save a larger share of income, to borrow more responsibly and to be sure we better understand the risks involved in investing and borrowing,” Read More
By William Alden 8/05/10 6:23pm