Jobless, Part 2

Yesterday I offered some advice for financial professionals dealing with the current job market. Evidently different approaches to the job market imply different assessments of reality. This should not be an insurmountable challenge for people who have worked in the markets, but psychological professions often have difficulty reading reality.After all, their professional training has directed them towards minds and emotions.

Today, via Brett Steenbarger, I am linking to an excellent analysis of the current state of the world financial system. It offers an investor's perspective. Written for the London Telegraph by Mohamed El Erian, Chief Executive at Pimco, a man who is both an extremely savvy investment officer and a major player in fixed income markets, it is clear, concise, and well worth your attention. Link here.