The Canadian Institute for Health Information has released its 2014 edition of health spending data - National Health Expenditure Trends, 1975 to 2014 – and the numbers seem to show a continuing trend towards slower growth of health expenditures in...
Matt O'Brien has a nice piece presenting charts from Larry Summers (yes, the rest of us had made this point long ago) showing that estimates of potential GDP have dropped as the economy has remained weak since 2007. The point is that a temporary downturn can have lasting economic consequences. Show More Summary
The U.S. Census Bureau reports that fewer than two-thirds of Americans own their own home, which is a key element of the American dream. As Jim Axelrod reports, age is a big part of the reason why.
This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for Oct 31, 2014. Changes and comments from surferdude808: As expected, the FDIC provided an update on its enforcement action activities. Show More Summary
These city-dwellers prove that leafy vegetables, fruit trees and chickens can turn an urban home into a homestead
Stocks hit record levels on news that the Bank of Japan launched a new stimulus package to shore up the country's troubled economy. Also, consumer confidence has hit its highest level since before the Great Recession. Alison Harmelin reports on the day's top MoneyWatch headlines.
(November 1, 2014 07:06 AM, by Alberto Mingardi) Tax competition may well be a thing of the past. The OECD tax conference in Berlin has ratified a new tax deal between fifty countries, to allow automatic exchange of tax information. German finance minister Wolfgang SchÃ¤uble rejoiced at this... (0 COMMENTS)
The highlight of the coming week will be the October jobs report after investors happily closed out a volatile month. Jill Schlesinger reports on that and more in her look at the business week ahead.
ves here. There's one thing to add to Richter's useful recap of what the supposedly sparkling 3Q GDP results mean for those of us who live in the real economy. The GDP deflator fell from 2.1% in the second quarter to 1.3% this quarter, so some of the rosiness of the results was due to the swing in the deflator.
Every other Wednesday or so, Chris Martenson and I get together for a podcast. Sometimes one of us or the other is out of town, and sometimes Chris has other guest speakers. Because of scheduling difficulties, Chris and I got together today instead of Wednesday. Show More Summary
Yves here. This discussion with Michael Hudson on RT focuses on the real meaning of the Ukraine-Russia gas deal. One point that Hudson makes that readers might doubt is that Russia loves the US sanctions. I'm not sure "love" is the right word, but there is reason to think they aren't working out as the US had hoped. Show More Summary
Yesterday’s advance GDP release for 2014Q3, covered by Jim, was welcome news, and was something Jeff Frieden and I predicted at the beginning of the year . However, while growth seems to be firming, it is far too soon to take away stimulus. Figure 1 shows that the degree of economic slack remains large. The […]
Larry Kudlow wrote an absurd piece at CNBC today.Of course Kudlow is usually wrong and frequently absurd... as an example, in June 2005 Kudlow wrote "The Housing Bears are Wrong Again" and called me (or people like me) "bubbleheads".Homebuilders led the stock parade this week with a fantastic 11 percent gain. Show More Summary
House price fluctuations take centre stage in recent macroeconomic debates, but little is known about their long-run evolution. This column presents new house price indices for 14 advanced economies since 1870. Real house prices display a pronounced hockey-stick pattern over the past 140 years. Show More Summary
Recent scandals involving some financial benchmarks have shaken the confidence in them. Regulators have responded with sanctions and with actions to support more robust benchmarks. This column presents new research on how a benchmark administrator would optimally weigh transaction prices to produce a fixing. Show More Summary
Commenter Cthorm pointed me to this new regulation from the CFTC: RELEASE: PR7047-14 October 29, 2014 CFTC Staff Provides No-Action Relief for Victoria University of Wellington, New Zealand, to Operate a Not-For-Profit Market for Event Contracts and to Offer Event Contracts to U.S. Persons Washington, DC — The U.S. Commodity Futures Trading Commission’s (CFTC) Division […]
Well the biggest stock-market levitation act since HP under Mark Hurd is going the way of all levitation acts: IBM is throwing in the towel on its $20 EPS "roadmap" (reportedly mocked as "roadkill" in some internal IBM quarters) andShow More Summary
Home ownership among adults under 45 has dropped to a 20-year low, creating a "lost generation" of renters
The deadly disaster is a setback for both Richard Branson's Virgin Galactic and the effort to make space travel seem casual