Readers will know that I dabble with active investing – I pick stocks. Lord, make me passive, but not yet Rather like The Investor at Monevator, I firmly believe in the merits of low cost index tracking as an investment strategy, but I also enjoy the thrills / intellectual excitement of deviating from the true… Continue reading My exits – a post mortem →

Plus! Third-Order Consequences; A Sovereign Wealth Fund; Artificial Celebrities; Don't Call It Sports Betting; Retaliatory Tariffs

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 7.6 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and total separations were little changed at 5.5 million and 5.3 million, respectively. Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little. emphasis added This report is for December; the employment report this Friday will be for January. Click on graph for larger image. The number of job openings (black) were down 15% year-over-year.  Quits were down 7% year-over-year. These are voluntary separations. (See light blue columns at bottom of graph for trend for "quits").

For years, platforms like TikTok, Instagram Reels, and YouTube Shorts have dominated the short-form video space.

Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Increased in December Freddie Mac reported that the Single-Family serious delinquency rate in December was 0.59%, up from 0.56% November. Freddie's rate is up year-over-year from 0.55% in December 2023, however, this is below the pre-pandemic level of 0.60%. Fannie Mae reported that the Single-Family serious delinquency rate in December was 0.56%, up from 0.53% in November. The serious delinquency rate is up year-over-year from 0.55% in December 2023, however, this is below the pre-pandemic lows of 0.65%. There is much more in the article.