Posts Tagged ‘great recession’

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    Economic Ideas: The Blame Frames

    Jun 29, 13 • 958 Views • No Comments

    Analyzing the housing bubble, we can all agree with some basic facts. If you look at the Case-Shiller Index, you would see that a typical home in a major US city was worth 26% less during April 2013 than November 2006. Then, at the end of 2006, the home......  [read more]

  • Monetary Policy: QE Insight

    Jun 25, 13 • 720 Views • No Comments

    At a 2002 conference honoring Milton Friedman on his 90th birthday, then Federal Reserve Governor Ben Bernanke concluded his remarks with… “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you,......  [read more]

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    The US Real Estate Bubble: Was This Time Different?

    Apr 21, 13 • 823 Views • No Comments

    Our recent housing bubble has been called a unique phenomenon by economist Robert Shiller. With its national impact, a connection to houses rather than land, and a demand side surge fueled by “investor-induced speculation,” the rise and subsequent......  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    Austin and Oakland: A Tale of 2 Cities

    Dec 4, 12 • 719 Views • No Comments

    Sort of, we can “celebrate” a birthday. 5 years ago, the Great Recession began. And that takes us to Texas where they can celebrate. Among the large metropolitan areas in the US, Austin (#1), Houston (#2), San Antonio (#4) and Dallas (#7) are in......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Blame, Bias and Belief

    Oct 5, 12 • 494 Views • No Comments

    Having just begun The Sense of an Ending by Julian Barnes, I wanted to share a wonderful excerpt. While this student is commenting on the origins of the First World War, his comments take us far beyond. “Indeed, isn’t the whole business of......  [read more]