Recession Briefing 11.13: Jobs Remain a Conundrum

What you need to know today to survive and thrive in the recession.

Job seekers take heed, the best cities to find work may be in Texas. The Milken Institute released its annual Best Performing Cities Index earlier this week, and the Lone Star state dominated the rankings. (Huffington Post)

When a huge Andy Warhol canvas sold Wednesday at Sotheby’s for $43.7 million — more than triple its pre-sale estimate — it may also have been a sign that growing talk of economic recovery is being taken to heart by the world’s moneyed class, for whom art collecting is a competitive blood sport. (Toronto Star)

As they draw up blueprints for the house of the post-recession future, builders are struggling to distinguish among what luxury home buyers need, what they want and what they can live without — Jacuzzi by Jacuzzi, butler’s pantry by butler’s pantry. (Wall Street Journal)…

Double Dip Recession?

We were just getting our minds around the first one. But sure enough, a research group has crunched the data and predicts that we could be in for another recession next year. The maddening logic: If the stimulus plan works, then we may experience a “too-rapid recovery” which will then lead to another slump in 2010. This scenario is known fondly as the Double Dip (recession followed by brief recovery followed by recession). Federal Reserve Bank of Minneapolis President Gary Stern has even made mention of a “triple dip”…