"Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis"
I haven't have time to read this today, but thought I'd note it in case someone does have time and wants to comment on the methodology and/or results: Why Did So Many People Make So Many Ex Post Bad Decisions?...
Citigroup’s Orszag: Fix the Government’s Economic Models!
Former Obama budget chief Peter Orszag urges the Fed and other economic policy makers to update their computer models to help prevent future busts.
Demand for Rental Units Could Disrupt Fed Plans
The demand for rental units is the highest in 15 years. The imbalance isn't just a headache for those seeking to lease a home. It could cause a migraine for Fed officials.
The Rent Is Too Damn High and Getting Higher
Low availability of rental homes is pushing up costs: The median asking rent rises to $721 a month (while home prices continue to fall).
Secondary Sources: Debt and Growth, Long-Term Unemployment, Indebted Homeowners
A roundup of economic news from around the Web.
Secondary Sources: Debt and Growth, Long-Term Unemployment, Indebted Homeowners
A roundup of economic news from around the Web.
Recovery Downshifts but Doesn’t Break Down
The grinding sound you hear is the U.S. economy's gears shifting to a lower speed.
Stocks and Economic Data on Upswing Despite Disappointing Manufacturing and Housing Numbers
In many respects, today is a microcosm of the first 4 ½ months of 2012: industrial production and housing starts data fell short of expectations, yet stocks pushed higher regardless. This is the third year I have been periodically publishing some pro...
Monetary Policy: More or Less?
Narayana Kocherlakota recently says (and Jason Rave is not happy): I would say that it would be appropriate to change the Fed’s current forward guidance to the public about the future course of interest rates. Currently, the FOMC statement reads...
Look To U.S. In The 1930s For Housing Policy, IMF Says
The IMF, in a section of its World Economic Outlook released Tuesday, called for "bold" policies around the world to cut household mortgage debt in the wake of falling home prices.
Secondary Sources: Foreclosures, European Crisis, Gold
A roundup of economic news from around the Web.
Moody’s Analytics Sees More Rapid Unemployment Decline This Year
The U.S. economy is on track to grow at about 2.5% through the middle of next year before accelerating to 4% growth by mid-2014, according to a report from Moody's Analytics.
