Calculated Risk: Weekly Summary and a Look Ahead

Trauma of Job Loss Often Includes Health Problems – NYTimes.com
A sad reminder for those of us in the risk selection profession.

How a New Jobless Era Will Transform America – The Atlantic (March 2010)
The construction and finance industries, bloated by a decade-long housing bubble, are unlikely to regain their former share of the economy, and as a result many out-of-work finance professionals and construction workers won’t be able to simply pick up where they left off when growth returns—they’ll need to retrain and find new careers. (For different reasons, the same might be said of many media professionals and auto workers.) And even within industries that are likely to bounce back smartly, temporary layoffs have generally given way to the permanent elimination of jobs, the result of workplace restructuring. Manufacturing jobs have of course been moving overseas for decades, and still are; but recently, the outsourcing of much white-collar work has become possible. Companies that have cut domestic payrolls to the bone in this recession may choose to rebuild them in Shanghai, Guangzhou, or Bangalore, accelerating off-shoring decisions that otherwise might have occurred over many years.
The Next Leg Of The Housing Crisis In Five Simple Charts | zero hedge
You may wonder why I continue to post charts on the economy in a life underwriting blog and website. Here’s why.
People under financial strain will sometimes resort to extraordinary measures. In this economy, pay extra attention to your financial underwriting.
Financial underwriting matters more now than it ever has in a very long time.

So, How Do You Think This Movie Will End?
The two charts you’ll discover through this link were so scary I was unable to copy and insert into this post.

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