President Obama State of the Union

The True Source of the Unemployment Problem: In the Next 10 Years, 50% of Jobs Will Require Training Beyond High School Yet 25% of Students Aren’t Even Graduating from High School

The single most important line in the President’s State of the Union speech to Congress last night hasn’t gotten a lot of attention.  Here it is: Over the next ten years, nearly half of all new jobs will require education that goes beyond a high school degree. And yet, as many as a quarter of…

German Mark Inflation

The Money Illusion – Why Thinking About Things In Nominal Currency Can Destroy Your Net Worth

In 1928, Irving Fisher published The Money Illusion (seriously, buy it – it’s only $7.95), which discussed the human fallacy of thinking about things in the nominal currency of your home country instead of in terms of purchasing power.  The concept phrase “money illusion” was coined by legendary investor and economist John Maynard Keynes. The…

Limited Edition Monopoly Light Purple Set with Gold Hotels

My Theory: It Takes $4.5 Million to Feel “Really Well Off” and $10 Million to Feel “Rich” for the Average American

Following the calculations I did last week, adjusting Monopoly for inflation as if it were real life, I began to speculate about what it would take for the average, regular, typical American citizen to “feel” rich. [mainbodyad]I think the average American would feel really, really well off at the equivalent of a light purple Monopoly…