2/3rds Americans Say Recession is Likely
This morning, we are going to review an extremely negative public survey on the economy by Bloomberg/Los Angeles Times: Almost two-thirds...
Crude Oil above $92
Oil briefly broke over $92 this morning. In real terms, Crude remains below its all-time inflation-adjusted high of $101.70 from April...
Blog Watch: The State Department
That’s right, the State Department is now blogging: Dipnote (http://blogs.state.gov/) By my calculations, this means there are now...
Can Housing Be “Rescued?”
First, a quick data check of Existing Home Sales: • Unit sales dropped 8% in September; this is the lowest level in eight years; •...
Mortgage Resets? Try Chapter 13 Bankruptcy!
Fascinating front page WSJ article today, titled More Debtors Use Bankruptcy To Keep Homes. It seems that Chapter 13 filings are gaining...
No Free Lunch: Ongoing Ramifications of an Easy Fed
I had lunch with Richard Clarida a few years ago after meeting him at CNBC. He is a very nice guy, a Columbia economics professor, a...
Global Taxes as a Percentage of GDP
Interesting graphic article today discussing tax rates in many developed countries, from the Organization for Economic Cooperation and...
Real World Consequences of Core Inflation Focus
A pair of not unrelated stories: First, today’s Dumb Headline of the Day, is this annoying piece courtesy of the NYT: Core...
Ease of Doing Business by Country
Pretty cool table, via doingbusiness.org looking at how easy or hard it is to do a variety of business functions in different countries...
The Economic Far Right & the G.O.P.
Interesting Op-Ed by Jonathan Chait in today’s NYT: Captives of the Supply Side. Chait makes the interesting argument that as far...