Tag Archive | economy

The rich are suffering the most in the U.S.’s overheated housing market

According to recent data, the lack of available housing in the U.S. is pushing the rich into increasingly substandard living conditions — including homes that lack indoor swimming pools and which feature laminate floors instead of hardwood.  The finding came from a recent economic report issued by the Association for Statistical Study and Emerging Sciences, […]

Anything you can do, a computer can do better

My boss called me into his office the other day. “Take a seat,” he said. “I’ve got big news.” My heart jumped. “Is it about that promotion I’ve been asking for?” “Not exactly,” he said, sinking into his chair. “I’m afraid I’m going to have to let you go.” “Oh.” I looked down. “This doesn’t […]

Getting ahead by getting in over your head

“You know, you really should consider buying a house,” said my friend, Wayne, as he looked around my dismal apartment, his lips curled in a condescending sneer. “Now is a terrific time to buy.” “Really?” I said, settling across from him on my grungy couch. “Right now? You mean when inventory is depleted and prices […]

Yellen farts; markets surge

U.S. stock markets rallied on news that the Fed is going to protect short-term speculators by ignoring long-term structural problems in the overall economy.