Tag Archives: jobs

Stacy Summary:  In the words of Max Keiser, “there is no there there.”

• Forty to fifty graduates for every available job

• U2 drummer says ‘stop picking on the rich’

Stacy:  Stop buying politicians, operating ponzi schemes and rigging markets then.

• Banks should brace for credit card meltdown

David Wyss, S&P’s chief economist said banks should brace for a plastic meltdown as credit-card losses track the unemployment figures almost exactly. “Credit-card losses, on average, are equal to the unemployment rate plus about 5 percent,” he said, noting his estimates that the nationwide jobless rate could rise as high as 12.5 percent by 2011.