The past 50 years have substantially changed the labor market, and employment prospects, for employees in the developed world. Automation and technology have reduced the number of employees needed to perform a specific task, by increasing the productivity each employee can achieve. The tremendous expansion, or I would suggest “bubble”, of organizations offering higher education have meant that college and professional degrees are available to more people than ever. In fact, I often laughed by butt off while briefly working in county government….because EVERYONE had masters degrees or PhDs. Seriously, both of the administrative assistants in the department I ran were working on post secondary degrees. One a masters degree and the other a doctorate. Three years later they have earned those degrees, but I would venture that neither is more employable as a result….. and they are earning essentially the same income……as before they received the degrees. Continue reading
It has been a slow but satisfying week around our house, but I’d like to talk about a change coming to the blog. Most readers know that Mrs. IS and I are passionate about learning, and I am a voracious reader. One of the ways that I think we can bring added value to our readers, is to include links at the bottom of each post to articles we found particularly intriguing. While we read/research a ton of different topics, we’ll keep these links to articles that pertain to business/finance or real estate. Today’s post is the first featuring this new approach, and we look forward to your feedback in the coming months.
We haven’t made any interesting stock trades this week, but I expect one will materialize in the next two or three days. Last week’s trends in the dollar and precious metal space appear to be reversing, and I expect we will hit our limit order price in a few days. What I’d really like, is to have long term investment opportunities present themselves……but those seem as elusive as ever. No worries, we’ll continue to be patient. Continue reading
Well there I go again. Out of action. We are finally settled into the apartment, and starting to find our routine. One of my “Walk and Talk” campaigns began to bear fruit, when we found what appeared to be an acceptable house in our desired neighborhood. The deal on the house was progressing nicely, and we had negotiated mutually beneficial terms for the house sale. The deposit, sales price, and closing date all looked great. The sellers asked me to draw up a contract, because they weren’t using a realtor. I used one of the two acceptable FAR-BAR contracts, asked an attorney friend to review it for any obvious pitfalls and sent it to the sellers for comment. They they said they wanted to send it to their attorney for his review. That was the beginning of the end. I can only assume this attorney was not a real estate attorney, because he killed the deal. Just flat killed it. Continue reading