President Obama tells us that the highest return investment you can make is in your own (or your children’s) education.  The aggregate statistics appear to bear this out with college graduates earning about 50% more than high school graduates.  Even after taking into the direct cost of four years of higher education along with . . . → Read More: Managing the Risk of Investment in Higher Education

After the market close last Thursday, JP Morgan Chase (JPM) announced that it had incurred a large loss in a “hedge” position.  The loss is rumored to be approximately $2.3 billion.  If it was truly a hedge position then there presumably is a gain on the item being hedged.  I did not see any . . . → Read More: Whoops

The two candidates for president in this fall’s election had very different perspectives on last Friday’s jobs report.  President Obama pointed to the 26th month in a row of private sector job gains and the  cumulative four million job gain over this period.  On the other hand, putative Republican nominee Romney assailed the paltry . . . → Read More: Labor Force Participation