Time flies!Ten years ago, the NAR reported existing home sales of 5.75 million SAAR for June 2007. Since then sales for June 2007 have been revised down to 5.120 million SAAR.Note: Earlier today, the NAR reported June 2017 sales at 5.52...Show More Summary
When I read this by David Glasner, I wonder whether the shift in Hayek's beliefs between the 1930s and the 1980s was an improvement. In the 1930s, he believed in big depressions—"secondary deflation"—as a way of breaking "nominal rigidities", which I understand as the power of labor to resist being forced to accept declines in real wage rates. Show More Summary
Today's Water Cooler: NAFTA, UK/US bilateral, Schumer's "Better" proposal, Guccifer 2.0 DNC mail leak not hack, services, housing, Facebook
TiSA's effect on professional service and contract labor.
Must-Read: The quick and careful [Justin Fox] is unhappy with—and makes me aware of [this]. All I can say is: unprofessional I would not have thought that it was an argument that could be maintained by any economist of reputation—even though, as John Stuart Mill once said, "what was affirmed by Cicero... Show More Summary
Earlier: NAR: "Existing-Home Sales Retreat 1.8 Percent in June"Inventory is still very low and falling year-over-year (down 7.1% year-over-year in June). Inventory has declined year-over-year for 25 consecutive months, although the pace...Show More Summary
"The latest round of falsehoods about health care, combined with the defamation of the C.B.O., may be gaining some political traction": Health Care Is Still in Danger, by Paul Krugman, NY Times: Will Senate Republicans try to destroy health care...
A study by Yale researchers found that the rate of out-of-network doctor’s bills for customers of a big insurer jumped when EmCare entered a hospital.
(July 24, 2017 12:58 PM, by David Henderson) When I was writing a lot for Fortune in the late 1980s and early to mid-1990s, an editor of one of my articles casually referred to it as a "thumbsucker." I thought it was an insult, but he explained... (0 COMMENTS)
From the NAR: Existing-Home Sales Retreat 1.8 Percent in JuneExisting-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Show More Summary
Gold remains rangebound. Here’s why the odds of an upside breakout improve late in the year, making this a good time to look for low risk entries in the metal and the miners. Click here to download complete report in pdf format (Pro Trader Precious Metals Report Subscribers). Show More Summary
The news today will focus on the busiest week of earnings this quarter and the next FOMC meeting starting on Tuesday. Alphabet Inc. (Nasdaq: GOOGL) will cap off today's second-quarter earnings report. Google's parent company will release...Show More Summary
(Kitco News) - World stock markets were mostly weaker overnight. The very low volatility in global equity indexes continues. Such may continue to be the case until after the U.S. Labor Day holiday in early September. The post World Marketplace Quieter As OPEC Meets, FOMC Set To Meet was originally published at The Wall Street Examiner. Follow the money!
We are looking more and more like France on the eve of its revolution in 1789. Our classes are distributed differently, but the inequity is just as sharp. America’s “aristocracy,” once based strictly on bank accounts, acts increasingly...Show More Summary
Maybe Vanguard Funds' John Bogle knew he was about to ignite one of the hottest investing crazes of all time when, on Aug. 31, 1976, he launched the world's first index mutual funds. Then again, maybe he didn't. The post Why These Constant Market Highs Have Me a Little Concerned was originally published at The Wall Street Examiner. Follow the money!
Once the shared memories of these values are lost, the Empire ceases to exist; there is nothing left to reform or renew. Is renewal / recovery from systemic decline possible? The history of the Roman Empire is a potentially insightful...Show More Summary
(July 24, 2017 08:16 AM, by Bryan Caplan) I'm speaking in Paris this Thursday for Students for Liberty. Details here.P.S. Here's what I thought the last time I was in Paris nine years ago.... (0 COMMENTS)
Sally Satel, psychiatrist and resident scholar at the American Enterprise Institute, talks with EconTalk host Russ Roberts about the challenges of increasing the supply of donated organs for transplantation and ways that public policy might increase the supply. Show More Summary
You know the person who commits murder and the dead person really are both victims in Robert Samuelson land. His latest column on health care shows his great expertise in obscuring everything he touches to say it's all just so complicated. He tells readers: "Still, there’s no moral high ground. Show More Summary