Important Links

1. Seth Roberts on healthcare stagnation. Life expectancy dropped by 0.1 years in the US from 2007 to 2008, and no one seems to care. This is less of a statistical fluke than people would like to think and therefore it is more important. This is especially important because demographic trends mean that healthcare spending is going to increase regardless of the spending's actual impact. HT: MR

2. An interesting perspective on Greece's economy. The discrepancy where civil workers are paid much more than private sector workers is very damaging to an economy in the long run. HT: Fistful of Euros. 

3.  The jobs picture is unlikely to return to the previous peak if the current expansion is the average 59 months. This isn't even accounting for the increasing population. The employment to population ratio is not quite returning to the levels it was at before women entered the workforce en masse, but it is getting close.

4. Perhaps just as important: Using the right bike seat. I've been told that being able to grip the seat with the thighs while going down bumpy hills is important, but the potential side effects of the normal bike seat are a large price to pay.

About

I studied Bioengineering at the University of California at San Diego. While there I served as a trustee on the investment committee of the UCSD Student Foundation, a group that manages an endowment to fund scholarships. While in college I applied my interest in finance and economics by working as a summer associate at Clarium Capital Management, working part time my senior year, and joining full time when I graduated in 2006, staying there through August 2010. I am currently working as a portfolio manager at another global macro hedge-fund in the Presidio (And blogging about more directly market related ideas at their restricted blog). I’ve been focusing on quantitative finance, currencies, commodities, the interplay between finance and politics, demography and other long term trends.

Disclaimer: You shouldn’t consider anything on this site to be a recommendation or solicitation to buy, sell, or hold any securities or commodities. I’m not offering you investment advice. I or the company I work for may hold positions in securities that I mention.