Industry NewsMarkets & Economy

Economic foolishness and self-inflicted wounds

Commentary: Darwin Awards, petards and 'Braveheart' extras

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017


Flickr image courtesy of lamoney.

Today's report of job gains in March has the usual suspects overheated and long-term rates rising a little. Picking up 216,000 new jobs is good news, but New York Federal Reserve President Bill Dudley's reference to recovery as "tenuous" is dead on the mark.

There is a deeper and authentic good-news thread. Beginning circa 1990 the rise of China and the rest of the emerging world began to undercut American labor. We still have a painfully steady 8.4 million people working part-time who cannot find full-t...