Growing Unemployment Across States

Roughly one in ten workers have filed for unemployment in the last three weeks. Here’s a look at estimated unemployment by state: Three states might have unemployment rates over 20% right now: Michigan, Pennsylvania and Rhode Island. 15 states (and the District of Columbia) likely have unemployment rates over 15%: Alaska, California, District of Columbia,…

Where are we in the Market Cycle?

In The Short View in yesterday’s FT James Mackintosh writes about where we are in the current cycle (see Share price moves echo March 1987).  One particular statistic stood out to me.  Mackintosh writes, “For those bought up on the story of the Great Crash of ’87, such a comparison suggests it is time to…

Another Once-in-a-Century Event….

The East Coast is set to welcome tropical storm Sandy this week.  The potential damage is expected to be especially pronounced in the the Mid-Atlantic and New York tri-state areas.  Here are a few of the recent headlines:

This storm adds to the dozens (if not hundreds) of natural disaster events over the last 24 to 36 months which have been 1-in-50 or 1-in-100 year events.  Here are just a few of the events I’ve tracked over the last 2-3 years:…