Saturday, January 30, 2010

Why does NBC do this?

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NBC blocks its shows from streaming in India, but Viacom (Comedy Central, CBS) doesn't. So I have been able to watch the Daily Show and...
2 comments:
Thursday, January 28, 2010

Richard DeKaser says only 87 of 299 US cities now have overvalued housing markets

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His list seems quite reasonable to me. And his 2006 list pretty much nailed overvalued markets.
4 comments:
Wednesday, January 27, 2010

Economists need to do a better job of explaining Pigouvian Taxes

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I am actually surprised that there is much of an argument about taxing large banks in order to recover TARP funds. We certainly have adequa...
2 comments:
Tuesday, January 26, 2010

Inexpensive Capital Stock that might increase productivity in India

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Hyderabad does not have many sidewalks--even where it is building wide roads. Lots of streets in Europe don't have sidewalks either, bu...
1 comment:
Monday, January 25, 2010

California has less than four months of housing inventories

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The California Association of Realtors sales report puts inventories at 3.8 months . Perhaps more interesting is that even inventories in t...
1 comment:

Once again, if not Bernanke, who?

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So I see names out there. I think lots of supporters of Paul Volcker would be disappointed with his policies--he was, after all, the guy wh...
2 comments:
Sunday, January 24, 2010

Next on the reading pile: Louis Menand's The Marketplace of Ideas

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I loved the Metaphysical Club (especially the stuff on Oliver Wendell Holmes); Menand has a sharp eye and a winning style. But he purports ...
1 comment:
Friday, January 22, 2010

Brad Delong takes down the execrable Charles Murray

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The only reason to mention a reference to Murray is that it gives me an excuse to recommend Goldberger and Manski vivisection of "The ...
1 comment:

If not Ben, then who?

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I wish that those who are trying to block Bernanke would let us know a better alternative--I can't think of one. Bernanke is smart, hon...
8 comments:

Does how little we know about other countries matter? Probably.

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I am currently in India, and went out for beer last night with a number of people, all of whom seemed very engaged in the outcome of the Mas...
1 comment:
Tuesday, January 19, 2010

George Harrison - Bangladesh

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Lunch conversation today turned to the many intractable problems (still) facing Bangladesh, and it reminded me of the great George Harrison ...
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My Cousin Jonathan Weinstein quotes George Washington on Speculators

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"[They] work more effectually against us, than the enemy's arms. They are a hundred times more dangerous to our liberties, and the ...
2 comments:
Thursday, January 14, 2010

The estimable Joseph Stiglitz complains about the social cost of securitization, but doesn't acknowledge possible social benefits

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In Mother Jones he writes : Securitization epitomized the process of how markets can weaken personal relationships and community. With secur...
3 comments:
Wednesday, January 13, 2010

Arturo Toscanini

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Haven't listened to anything from AT in while. Shame on me.
2 comments:
Tuesday, January 12, 2010

Having dumped on Mickey Kaus, I have to give him props for:

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this (you have to scroll, I can't find a permalink): Funny, I would think health care reform would be judged effective if, say ... all ...
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Monday, January 11, 2010

Is it a bubble?

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I am spending January visiting at the Indian School of Business in Hyderabad--it is a lovely part of India here, with hills, lakes and a (re...
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The biggest stretch I have yet seen for blaming Fannie for the world's problem

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Micky Kaus , who seems to have trouble sleeping at night for fear that some below median income person somewhere might actually benefit from...
Thursday, January 07, 2010

The Risk Culture at Freddie Mac pre-2003

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I am in the middle of writing a default paper (I know, who isn't); in the course of looking up references, I Googled (Bob) Van Order and...
6 comments:
Wednesday, January 06, 2010

The best tip I got at the ASSA meetings

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I went to a wonderful memorial session celebrating the work and life of Arthur Goldberger, and a number of speakers referred to Nicholas Kie...
1 comment:
Monday, January 04, 2010

Don Haurin gave a very nice AREUEA Presidential Address

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He tries to explain the increase in the homeownership rate over the 90s and 00s. He finds: Demographics don't Income and wealth don...
8 comments: