My regular roundup of the week’s blog and financial site links.
I suspect most of you caught the market turmoil this week. The financial journalists certainly relished the chance to scare their audiences witless again.
No, surprise given everyone is still nostalgic for the credit crisis.
Let’s keep this in perspective. Year-to-date:
- The FTSE is down 6.5%
- The S&P is down 4.5%
That’s just noise, not a new Apocalypse.
Don’t hire until you see the whites of their eyes
by The Investor on February 5, 2010
I keep reading personal finance bloggers saying there’s no recovery in sight because unemployment is rising.
This is backwards thinking. Unemployment is a lagging indicator.
In this post I’ll explain what that means, and why unemployment only turns down after the economy picks up.
[click to continue…]