Thursday, October 30, 2008

Matt Kahn Celebrates the Spirit of Cooperation

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He does so here: http://greeneconomics.blogspot.com/ Gary, Raphael and Stuart do a painstaking job of combining multiple data sets to get a ...
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Sunday, October 26, 2008

Somebody needs to do a new hedonic regression

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I came back to Washington this weekend to help my wife prepare for putting our house on the market. Per the instructions of the Realtor, we...
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Monday, October 20, 2008

The Northern Urban Fringe of Los Angeles

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Here are two pictures from the Northeast side of Lancaster: In general, I saw fewer for sale signs than I was expecting, although there was ...
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Saturday, October 18, 2008

Equipment or Learning?

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The idea of a "best orchestra ever" is silly; many orchestras, such as Szell's Cleveland, Reiner's Chicago, Karajan's ...
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Principles of economics, translated

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1 comment:

Bill Gross says to Invest in Fannie-Freddie Debt

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More generally, he says to invest close to the "government umbrella :" agency securities and government guaranteed debt. He also ...
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Friday, October 17, 2008

So which is it?

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The McCain campaign argues: er (1) Obama is a socialist (2) Obama is the second coming of Herbert Hoover I am not an historian, but I am pre...
Thursday, October 16, 2008

I was wrong about Karl Rove

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I used to think he was an evil genius. An item in his WSJ column this morning undermines the genius part. He writes: The Investor's Bu...
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Wednesday, October 15, 2008

I really want to be good, but...

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If I leave my house before 7:30 or after 9, I get to USC in 15-20 minutes. I used transit today--it took 70 minutes to get to work, and an ...
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Atrios makes an important point

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He says: H owever given that we're in a financial crisis which has at its foundations declining home prices, now would not really be the...

I think my next plane trip will go faster.

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John LeCarre has a new novel out. It is reviewed here by my second favorite spy novelist.
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Tuesday, October 14, 2008

Capital and Prime Mortgages

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At this morning's panel, I commented that I had been mistaken in thinking that 2.5 percent was a sufficient capital cushion for prime mo...
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A potential positive NPV earmark?

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I was in San Diego this morning to moderate a ULI panel on (what else) the financial crisis. The panelists (Don Ankeny, Westcore Properties ...
Monday, October 13, 2008

A Good Day for the Economics Profession

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Paul Krugman today won something he long deserved to win. I remember especially enjoying his work on increasing returns to scale and patter...
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Wednesday, October 08, 2008

An Urban Economics Puzzle

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I have now been at USC a couple of months, and it is a terrific place. Last night we put on a panel on the financial meltdown for the USC c...
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Finance & Real Estate Market Meltdown

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Finance & Real Estate Market Meltdown
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Monday, October 06, 2008

Jane Albrechtsen says America is dumb for having 30 year fxied rate prepayable mortgages.

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In yesterday's Wall Street Journal , she writes: This is made worse by the fact that traditionally many American mortgages were typicall...
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Sunday, October 05, 2008

I liked Cokie Roberts years ago when she was on NPR

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But I just read that she said this last August on ABC's This Week : ROBERTS: Yeah, that he has certainly come nowhere near closing the d...

A Paragraph in Today's NYT story on Fannie Mae stands out to me

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Specificially: Mr. Mudd added that it was almost impossible during most of his tenure to see trouble on the horizon, because Fannie interact...
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Friday, October 03, 2008

If you are in LA next Tuesday

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