Posts Tagged ‘great recession’

  • housing prices...16205_4.27_000010774987XSmall

    The US Real Estate Bubble: Was This Time Different?

    Apr 21, 13 • 658 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 • 521 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 • 378 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]

  • The Fed Debate

    Sep 5, 12 • 654 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What......  [read more]

  • presidential election...campaign button_000016905913XSmall

    Election Economics: More of the Jobs Story

    Sep 3, 12 • 543 Views • No Comments

    Here are some jobs facts that might be helpful when you listen to the candidates. During 1933, the unemployment rate was a cataclysmic 24.9%. Having entered office that year, FDR was re-elected in 1936 with unemployment still soaring but better at 16.9%. The......  [read more]