What are the financial predictors of happiness? We could look at metrics related to debt, spending, hours worked, percent of income saved, travel industry sales…so many to pick from.
Steven Kaplan, a professor of entrepreneurship and finance at the University of Chicago Booth School of Business, believes unemployment rates are better than income inequality in predicting
Continue reading Unemployment Correlated With Happiness – Steven Kaplan: Implications for Education and Personal Growth
Some smart money is betting that there will be more accommodation to lower interest rates and get more people working. After all, it is an election year. Federal Reserve Chairman Ben Bernanke is defending the central bank’s policy of very low interest rates. Verbally believes that “further significant improvements in the unemployment rate will likely
Continue reading Debt Reduction, Not Education, Skills Issues, Biggest Employment Problem – Bernanke
With spending and investment portfolios declining in the midst of a household debt contraction our chances of going into recession are rising.
Household spending fell in June for the third straight month; never in the past five decades has this happened outside of a slump.
The Standard & Poor’s 500 Index plunged 16.8 percent in 11 days,
Continue reading Spending and Investments Decline, Chance of Recession Rises
Business leaders, think tanks, government agencies, and other blue chip institutions have worried about the economic impact of too many poorly educated Americans. The day of reckoning may be here.
That is a concern raised by a recent report by economists Daniel Hartley and Beth Mowry of the Federal Reserve Bank of Cleveland. In “Could Low
Continue reading The Relationship of Unemployment and Education Level and Implication for Economic Recovery
Federal Reserve Bank of Chicago President Charles Evans said the U.S. jobless rate may remain higher than 9 percent at the end of this year, underscoring the potential need to keep interest rates low into 2011.
The unemployment rate may be “nine and a quarter” at the end of 2010, and higher than 7 percent at
Continue reading Cost of Debt: Interest Rates to Remain Low