Wednesday, March 31, 2010

I wonder if we will see a discontinuity in mortgage rates tomorrow

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It should only happen if the market didn't believe the Fed would stop buying. Otherwise expectations should have already been built int...
Tuesday, March 30, 2010

A little more on Mortgage Debt and Aging

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I did a quick comparison of average household income for 1989 and 2007 (using the census) and average mortgage debt for those that has mortg...
7 comments:
Saturday, March 27, 2010

The long-term impact of the mortgage crisis--and why it keeps me awake

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My parent's generation behaved differently than mine in all sorts of ways. A paper of mine with Hendershott shows that they spent less...
13 comments:
Tuesday, March 23, 2010

My Colleague Gary Painter writes about the Impact of Immigration on Midsize City Housing Markets

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The abstract : The recent trend of immigrants arriving in mid-size metropolitan areas has received growing attention in the literature. Th...
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Those who thought the housing tax credit would simply shift sales forward....

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...rather than increase sales are probably being vindicated. February was another bad month for existing home sales.
1 comment:
Monday, March 22, 2010

The ultimate in branding?

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I was recently at a meeting where all were instructed to turn off their Blackberries. Not iphones. Not cell phones. Blackberries. Everyo...
Tuesday, March 16, 2010

Clarification on Sprawl and Zoning

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Zoning is not the only reason we are spreading out --as my colleague Peter Gordon shows (go to minute 50), people are spreading out around ...
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Sunday, March 14, 2010

US sprawl is not a market outcome.

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A discussion is going around the internet about John Stossel's "libertarian" piece on the virtues of sprawl. John Norquist, o...
5 comments:
Saturday, March 13, 2010

My Colleague Lisa Schweitzer wonders whether anyone understands the Macro Economy

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She says so in a note at the bottom of a blog posting . Macroeconomics is unsatisfying to me, as well. In one sense, we can't really ...
2 comments:
Wednesday, March 10, 2010

Business Schools do teach Modigliani-Miller and Sharpe Ratios. Why does no one remember them?

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The New York Times had a disturbing story about pension fund investments the other day. One paragraph is typical: Wisconsin, meanwhile, ...
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Monday, March 08, 2010

Tracy Gordon says that the Total Government Spending (Local, State And Federal) did not grow very much.

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She writes : M eanwhile, Joshua Aizenman and Gurnain Kaur Pasricha showed in a National Bureau of Economic Research paper that, using eith...
1 comment:
Sunday, March 07, 2010

My Father sends me to Alan Tonelson and Kevin L. Kearns

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He asks me whether their op-ed, Trading Away Productivity , in the New York Times this past week was correct. I'm pretty sure that th...
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Another Book for the Pile: Scott Patterson's The Quants

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One of the problems with quantitative analysis in finance is that a lot of it relies on calculus. Calculus is a beautiful thing, but it also...
1 comment:
Saturday, March 06, 2010

California employers add 32,500 jobs in January - latimes.com

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California employers add 32,500 jobs in January - latimes.com Posted using ShareThis
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Wednesday, March 03, 2010

Why we need an independent consumer financial protection agency, and why Elizabeth Warren should run it

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I know it is too late now, but I want to make the point anyway. I remember the first time I heard Elizabeth Warren speak. It was at a con...
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Chile, Earthquakes and Los Angeles

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An explanation (and probably a correct explanation) for why the earthquake in Chile did not produce even more fatalities is that it is a rel...
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Tuesday, March 02, 2010

Megan McArdle writes: Jim Bunning Plays Chicken with Unemployment Benefits - Business - The Atlantic

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Megan McArdle says it perfectly: Jim Bunning Plays Chicken with Unemployment Benefits - Business - The Atlantic Unfortunately, Bunning...
Monday, March 01, 2010

Yet another study I wish I could do

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I was listening to rap while driving down the 210 on Saturday. I don't listen to rap very often, but when I do, it is always while I am...
1 comment:

The Cluelessness of Harvard

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Tim Noah sent me to: Super-active students are over-scheduled | Harvard Magazine Mar-Apr 2010 The article is, to me, horrifying, in that it ...
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Saturday, February 27, 2010

Some Hollywood Facts I learned yesterday at the Lusk Rena Sivitanidou Research Symposium

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From Elizabeth Currid Halkett I learned that the two most strongly connected cities (in terms of propensity to show up in Getty Images) are ...
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