June 26, 2017

Top Economists: Iceland Did It Right… And Everyone Else Is Doing It Wrong

Iceland Shows the Way Nobel prize winning economist Joe Stiglitz notes: What Iceland did was right. … [Read more...]

Quelle Surprise! Former JP Morgan Chairman Offers Dubious Defenses of Big Banks

Quelle Surprise! Former JP Morgan Chairman Offers Dubious Defenses of Big Banks Ordinarily, it might … [Read more...]

Corrupt Government Officials Should Be In Jail… Alongside Corrupt Banksters

Sigtarp: “I Hope We See People in Handcuffs” Wall Street fraud caused the Great Depression and the … [Read more...]

Corrupt Government Officials Should Be In Jail… Alongside Corrupt Banksters

Sigtarp: “I Hope We See People in Handcuffs” Wall Street fraud caused the Great Depression and the … [Read more...]

The Financial Crisis Was Foreseeable… Thousands of Years Ago

The Financial Crisis Was Foreseeable … Thousands of Years Ago Everything Happening Now Was Foreseen … [Read more...]

Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the Rule of Law

Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the Rule of Law Although Dave … [Read more...]

Reuters | Insight – Evidence Suggests Anti-Foreclosure Laws May Backfire

Insight: Evidence suggests anti-foreclosure laws may backfire (Reuters) – State and federal … [Read more...]

Why Don’t Economists Read the Legal Literature?

When I read economics articles, I'm often struck by the absence of citations to the legal … [Read more...]

We’re Being Fed a Steady Diet of Econocrap

  Where to begin, where to begin?   This past week started off with a thud when the … [Read more...]

Foreclosure crisis now includes “Irresponsible Churches”

According real estate information company CoStar Group, as of March of this year, 270 churches have … [Read more...]

Buffett Rule proposal just a modern bill of attainder for Romney?

And the 400. Next week, the Senate will vote on the Buffett Rule, President Obama’s … [Read more...]

March unemployment 8.2%, economy added 121,000 jobs

But not firing either The Bureau of Labor Statistics said that seasonally-adjusted unemployment rate … [Read more...]

Fed Economists: Yes, TARP may have increased moral hazard, by the banks

Fed economists: Yes, TARP may have increased moral hazard Two Federal Reserve researchers have … [Read more...]

Fed Economists: Yes, TARP may have increased moral hazard, by the banks

Fed economists: Yes, TARP may have increased moral hazard Two Federal Reserve researchers have … [Read more...]

Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing

  Did you hear about this?  California’s Attorney General, Kamala Harris has asked the Federal … [Read more...]

Recovery? Check out the Great Lost Decade for Investors

Economics makes my brain hurt, but here we go... Let’s provide some fair warning before we … [Read more...]

New economic indicators point to “decelerating” economy

From 2.0%? The good news?  We may not head into another recession.  The bad news?  The US economy … [Read more...]

DeMarco of the FHFA… Like when the baby gets a hold of a hammer.

There are two things I feel the need to say.  First, the economics profession sure has lost some … [Read more...]

Housing purchases up slightly, but…

... at a discount The Associated Press has some “good” news and some disturbing news on … [Read more...]

Consumer Spending Up? Come on get happy…

Wow, when it comes to our economy, what a difference a month or so makes, wouldn’t you say?  I mean, … [Read more...]

New “poverty” numbers measure income inequality, not purchasing power

Misleading. Economists on both the left and the right have long had concerns and criticisms about … [Read more...]

WSJ Surveys Economists… US Incomes Won’t Make Up Lost Ground Before 2021

If you want a metaphor for where we are today, think of it like this… We got onto this giant … [Read more...]

Consumer Credit Levels Reach Their Lowest Point in over a Year

According to a recent Reuters story, consumers are reluctant to hold debt due to the U.S. Credit … [Read more...]

Conference on the Debt Crisis in the Eurozone

If you happen to be in Reykjavik or thereabouts in early October--or scouting the web for papers … [Read more...]

Quotes of the day

Deja vu. “A tentative thumbs-up. “That was the assessment from economists, who offered … [Read more...]

WSJ | Tying Health Problems to Rise in Home Foreclosures

Tying Health Problems to Rise in Home Foreclosures The threat of losing your home is stressful … [Read more...]

AP survey of economists show increasing pessimism in long-term projections

"It was a half-speed recovery; now, it's a quarter-speed recovery." Actually, the news from the … [Read more...]

Jobless rate dips to 9.1%, 117K jobs added in July; Update: Dip comes from labor force exodus

Sideways. The US economy produced a net gain of 117,000 jobs in July, cutting the jobless rate a … [Read more...]

The U.S. residential real estate market is in a full-blown crisis. And there’s no easy way to solve it

From the Worthy Intellectual Wharton Magazine: Wharton Magazine Equally troubling is the number of … [Read more...]

Last person out, turn off the lights, and bring the flag…

At an annual conference attended by the world’s leading economists, the prognosis for the United … [Read more...]

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