Graduate unemployment: Student

4th March 2011

Taylor Clark commented on Slate that he finds that explanation implausible.  Increases in stress levels is part of a long-term trend in the U.S.:  "Over the last several decades, both through good economic times and bad, the United States has transformed into the planet's undisputed worry champion."  According to his figures, 18% of the population suffers from anxiety disorders, while sales of anti-anxiety medications like Valium and Xanax are at record levels – and rising. 

Read the full post here on Ken Eisold's blog.

6 thoughts on “Graduate unemployment: Student”

  1. Drf says:

    Hi Shaun, “With a 7/8% move in a currency in a few hours the scenario where a hedge
    fund could collapse has just been created and we would be back on red
    alert again.” I would suggest `could’ needs to be replaced by `will’! Things can only get worse from here if they all continue with the same mindless policies. Ultimately I am forced more and more to the belief that the result will eventually be the re-introduction of currency controls, trade barriers and embargoes. If idiot politicians continue to do the same insane things then there will be no other realistic option left!

    1. Anonymous says:

      Hi Drf

      I was thinking this afternoon of how the Swiss can actually enforce a floor of 1.20 to the Euro. Sooner or later their courage, mettle and pockets will be tested. In some ways this test will be unfamiliar to us in the UK as unlike us in 1992 they cannot start to run out of foreign exchange as they will be supplying their own. However the implication for their money supply will have its own impact. Indeed as they had been expanding it already (by up to 160 billion Swiss Francs) they are already on that road.

      Therefore when they get really tested I too expect currency controls to look attractive to them. In fact if you look at the situation logically it might have been best to deploy them now….

  2. James says:

    Two unrelated articles in today’s papers illustrate the extent to which our politicians are divorced from all these goings-on:
    1. We are about to implement the agency directive in the UK, enhancing employment rights for certain workers. Whatever the wrongs and rights of giving better rights to workers, hands up all those who think that this is a good time to add costs to doing business;
    2. Mr Van Rompuy has announced that he is prepared to stand for another 2.5 years and even said that this would lead to the nirvana of a United States of Europe. He even added that he was not doing it for personal pride etc. Hands up all those who thinks that this renewed appointment will solve our problems.

    I can’t see any hands being raised, I am afraid.

    1. Anonymous says:

      Hi James

      I do not think that our political class are in touch with events. Accordingly it has yet to really come to their attention that current problems are serious and so they carry on with what would have been considered normal in the last decade.

      In what we call the first world this is happening everywhere…

  3. Anonymous says:

    I have never been a gold bug, and in spite of being Irish have never contributed to Bernard Shaw’s comment that if you have a choice to make between trusting gold or politicians then gold wins.   I am feeling decidedly uncomfortable now.   Three years ago I smiled at the doomsters who predicted a race to the bottom for fiat currencies and who advised buying anything that had nothing to do with government script of any sort.    Rue the day!
    I certainly hope that Drf is not even 10 % correct.

    1. Anonymous says:

      Hi Mcgrathr

      The quote sounded good so I looked it up

      “You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”

      It was US $20.67 then per ounce (1928) so I am told.

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