By
Monty Pelerin, on November 25th, 2009
I found this interesting but of dubious validity as Kedrosky cautions.
Does Obama Administration Have Less Business Experience?
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Yesterday 1:55 PM|pk|Paul Kedrosky’s Infectious Greed
Does the Obama Administration have less business experience? According to some semi-whimsical (I think) research in a new J.P. Morgan report that would seem to be the case. The author looked at private sector experience of 432 Cabinet secretaries whose activities touch most on the private sector across all presidential administrations since 1900. Here is the result:
There are obviously many, many issues here, not least of which is that the author isn’t entirely clear on what the y-axis percentage means, how different kinds of experience are weighted, etc. Nevertheless, it’s still thought-provoking.
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By
Monty Pelerin, on November 7th, 2009
The title is somewhat tongue in cheek but not inconsistent with the chart below.
The chart was originally published at FancyStats and then republished at InfectiousGreed. The chart analyzed bankruptcy filers in several different ways. I could find no information regarding the underlying database so cannot comment much on the findings. Some tentative guesses, just accepting the data as is, are the following: 1. More education seems to increase your chances of filing for bankruptcy. 2. College exposure seems to really enhance these probabilities. Those exposed to some college represent 55% of the failures. We know how bad the schools have gotten, but did anyone suspect that education could be dangerous to your wealth?
Lower income groups are more affected than upper. These data represent last year. I suspect the real crunch for upper income earners will come this and next year as more upper-end homes are foreclosed upon and BMW leases cannot be met, etc.
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By
Monty Pelerin, on October 29th, 2009
Image by inspecie.co.uk via Flickr
Despite the rally today, up well over 100 Dow points as I write this, caution is in order as discussed in this link from Paul Kedrosky to Bill Gross.
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Bill Gross: One of Our U.S. GDPs Has Gone Missing
By Paul Kedrosky ·
