Apropos of nothing other than my constant pursuit of social and economic justice bumping into my constant pursuit of interesting data, here’s a figure I made for a presentation the other day that warrants a broader look. It compares the economic resources of non-whites—mostly blacks and Hispanics—to those of non-Hispanic whites, looking at both median… Read more
I talk a lot, as one should, about market failures. But government failure is unfortunately, increasingly worthy of attention. Over at the NYT Economix blog.
The WaPo’s Howard Schneider posted two neat charts the other day that he thought kinda maybe suggested our economy is poised for a rebound. The first chart showed pent up demand for household formation. That’s good news for both the economy, since it should unleash more consumer demand, no to mention, of course, for parents… Read more
After wiggling around in the 1.5% to 2% range over the past year, the yield on the 10-year Treasury bond is now in the mid-twos and higher, closing at 2.7% today. There are numerous reasons for this, including the specter of the Federal Reserve beginning to taper its asset purchases next month, a possibility that… Read more
[As the title suggests, this will be a two-part post about…wait for it…housing finance! Hot stuff, I know. But it’s important for both the macroeconomy and the people in it. And, in part two, I ask what to me at least is a very interesting question about all this. I stipulate that part 1, which… Read more