Well, this is interesting. It seems that the Securities and Exchange Commission has filed suit against New Jersey for securities fraud in marketing its debt. Their problem was that they neglected to report some pension […]
Read moreI was at a meeting this morning with with people from across the economy. We had a farmer, an accountant, a banker, two city economic development people, a university dean, and more. While the meeting […]
Read moreFinally, people are starting to see the problem with the United States economy. This piece is typical. For over a year now, we have been warning that the United States could be facing a long […]
Read moreJoel Kotkin has just published the best piece yet written on California and its diminished economic prospects. Better yet, he used our data to support his work. It is a relatively long article, but well […]
Read moreThe United States unemployment rate held steady at 9.5 percent, a result of losses in both jobs and the labor force. The job losses occurred in the public sector, the largest component of which was […]
Read moreWe are just wrapping up our first year of the CLU MS Econ program. In fact, my students are taking their final as I write this. On a personal level, it’s been very rewarding. When […]
Read moreThe Bureau of Economic Analysis released its first estimate of the United States 2010 second quarter Gross Domestic product growth rate today. Their estimated 2.4 percent growth rate was below most economists’ expectations, ours included. […]
Read moreBloomberg has a report on an IMF study. Here is the key sentence: “The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, […]
Read moreI just read paper The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks by Christina Romer and David Romer. It’s in the June 2010 issue of The American Economic […]
Read moreI discussed three stylized possible equilibria for the United States economy in a July 18 blog. The best equilibrium, one with rapid job and GDP growth and low inflation was relegated to an unlikely possibility […]
Read moreBloomberg has the following headline and article: “Home Vacancies Rise as U.S. Ownership Falls to Lowest in Decade.” Most will take this as bad news, and it is, but not for the reasons many will […]
Read moreI hope we’re a bit farther along than this, but maybe not: “epidemiology in the nineteenth century was much like economics in the twentieth century: a subject of intense public interest and concern, in which […]
Read more