Allison J. Pugh — What Happens at Home When People Can’t Depend on Stable Work

My research, involving men and women who experience varying levels of job insecurity, suggests that the dampening expectations they have for employer commitment requires them to moderate the kinds of feelings they allow themselves to have in the event of a layoff. This is especially true for less-educated workers, who are most likely to say they could lose their jobs in the next year.…

So when we talk about work today, we have to talk about it in the context of an unrequited contract, our collective acquiescence to the notion that work can no longer be counted on....

Wake-up from a sociologist. The psychological impact of job insecurity can be devastating, as is shown in health and suicide statistics such as cited by Anne Case and Angus Deaton.

JG to the rescue.

Harvard Business Review
What Happens at Home When People Can’t Depend on Stable Work

Allison J. Pugh is a sociologist at the University of Virginia and a 2016-17 Fellow at the Center for Advanced Study in the Behavioral Sciences, as well as a 2016-17 American Council of Learned Societies Fellow

I'm really starting to worry about Bill Gross. No, seriously.

Bill Gross appears to be totally losing it. From his ignominious departure from Pimco to his improbable landing at Janus of all places (the "Bond King" got a desk and a screen and a few billion--crumbs--to trade?) and all his crazy rants before, after and currently...the former "Bond King" just seems to be losing it.

Check this out:

"Credit based oxygen is running out," Gross wrote in the outlook titled, "A Sense of an Ending," in which he compared the final stages of the financial market cycle with his own mortality.

"A 70-year-old reads the obituaries with a self-awareness, as opposed to an item of interest. Some point out that this heightened intensity should make the moment all the more precious and therein lies the challenge: Make it so; make it precious; savor what you have done – family, career, giving back – the 'accumulation' that (British author) Julian Barnes speaks to."

Oxygen running out? Obituaries? Time running out?

Wow...wow wow wow wow wow. That's all I can say, is wow.

And he drags his personal darkness into his analysis now, too. Stocks are going down. The dollar is going down. Treasuries are going down. Bunds are going down.

The end...of everything?

Somebody better keep an eye on this guy. I'm worried about him. Seriously.