Category: econocaste

economics .. the short version, since the long is wasted on the young

Signs On Wall Street

Posted on Posted in econocaste, on TV

The laggards of CNBC are in a panic because the signs on Easy Street have been changed. Dear M&M. Dear Sirs. The signs haven’t changed, just the lighting.

Learn like the auto workers. When the bolts change, the tools change.

But the bolts haven’t changed on wall street. You people are upset because your coffee break has been rescheduled. Too bad you don’t have enough commitment to negotiate a better contract. Too bad you aren’t as flexible as the blue collars you hate to wear.

CNBC, the laggard’s indicator.

CNBC, where braggarts turn to laggards.

Harvard Teaches Us

Posted on Posted in econocaste

Harvard MBAs widely complain, recalling the heavy workload. The short time for working a problem, sometimes as short as “til close of business today.” What they learned from this is that most things they will learn require little attention, little time and that it can be done while doing other higher attention matters.

In short, most colleges, using the “finals” approach method of assignment, produce workers, thinkers, with short attention. Most MBAs do only work that needs two days of effort. Hardly the way to build our way out of this ditch.

Prevailing upon my penchant for making barbs, in this case, I frequently call them the college quickies. Good for fun, but not for life.