The Big Picture

Alan Abelson writes in this week’s Barron’s: "In his letter to the Times, Mr. Mankiw [former Chairman, Council of...

The previous discussion on Household Debt, based on St. Louis Fed’s chart, generated a robust discussion in comments. Lest anyone...

I’ve said this before: Betting against the US consumer has been a losing wager. And yet when we look at the parabolic rise of...

Heady stuff from across the pond: FT looks at the "convexity grab" earlier this week when the 10 year crossed (albeit briefly)...

Prior to July 2003, mortgage refinancing activity seemed to track movements in interest rates fairly closely. Since then, however,...

"The sheer scale of consumer debt has made millions of households extremely vulnerable to shocks in the economy, both from fiscal...

More on the J.E.C. testimony day yield curve conundrum: Dan Gross points to a terrific Smart Money article all about the yield...

Greenie agrees that there is no Housing Bubble (which makes me nervous). Interesting observation from reader Rita: "Being a baby...

> "These are the good ol’ days. These are the best of times. After this, it gets worse." -Congressional Budget Office...

The Penobscot Princess (having bolted Bear Stearns, but still running in stealth mode) graces us once again with her elegant prose:...