Must- and Should-Reads: Barry Eichengreen: [Europe’s Poisoned Chalice of Growth](http://www.project-syndicate.org/commentary/europe-growth-reform-by-barry-eichengreen-2015-04) Must-Read: Ricardo J. Caballero and Emmanuel Farhi: [The...Show More Summary
This seems implausible to me, yet there seems to be evidence for it: Are we kidding ourselves on competition?, by Joshua Gans:...Consider a situation where there are 10 firms in a market and they compete with one another. Now...
On [Robert A. Heinlein](https://medium.com/@delong/weekend-reading-robert-a-heinlein-letter-for-f-m-busby-on-freedom-and-race-relations-127e20c16016) (1964): >So the banker is the son of a bitch in the deal--Or is he, now? Bankers never handle their own money to any important extent; they are custodians of other people’s money. Show More Summary
The decline this week did not quite break the long term trendline from the 2009 low, but it’s sitting right there. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give…
[Over at Equitable Growth:] In the Oil Patch, probably yes--lost demand from the failure to expand Medicaid is likely to push them over the edge and into recession. Elsewhere it will be close, but probably not: Ezra Klein: [The Anti-Obamacare...Show More Summary
The key economic reports this week are March new home sales on Thursday and existing home sales on Wednesday. ----- Monday, April 20th ----- 8:30 AM ET: Chicago Fed National Activity Index for March. This is a composite index of other data. Show More Summary
Dwight David Eisenhower: >DDE/nmr >18 April 1945 >Dear General [Marshall]: >Today I forwarded to the Combined Chiefs of Staff the essentials of my future plans. In a word, what I am going to do now that the western enemy is split into...Show More Summary
The Heinlein Foundation appears to have taken down its [Virginia Edition Sample](http://web.archive.org/web/20130701140830/http://www.virginiaedition.com/ve/TheVirginiaEdition-sample.pdf). Here's the letter to F.M. Busby from it: >EDITOR’S...Show More Summary
David Gerrold: [Science-Fictional Sad Puppies](https://www.facebook.com/david.gerrold/posts/10205360779551319?pnref=story): "I have been following the whole sad puppy/rabid puppy thing for a long time... >...long enough that I am seriously...Show More Summary
According to the Russian Finance Minister, Anton Siluanov, Fitch postponed formal ratings review and held Russian ratings at BBB-
Financial engineering is one of the worst ills perpetuated by the Fed’s regime of cheap debt and money market subsidies for speculation. And these deformations are turbo-charged by the tax code which creates a powerful bias toward loading capital structures with tax deductible debt, and to delivering returns as lightly taxed capital gain rather than…
A rush of buying has led to some highly overvalued oil stocks.
The biggest centers of money laundering and terrorist funding in the world are UK banks and UK-related tax havens in the Caribbean and Channel Islands.
I have been wondering when Fannie Mae and Freddie Mac were going to expand their risk-sharing mortgage-backed securities offerings.
First paper: Declining Desire to Work and Downward Trends in Unemployment and Participation, by Regis Barnichon and Andrew Figura: Abstract The US labor market has witnessed two apparently unrelated trends in the last 30 years: a decline in unemployment between...
From Vox EU: Explaining the dearth of private investment, by Aqib Aslam, Samya Beidas-Strom, Daniel Leigh, Seok Gil Park, Hui Tong: Business investment in advanced economies contracted sharply during the global crisis and has recovered little since. This column argues...
Stocks took a big step back Friday. Several large U.S. companies reported disappointed earnings. And there are concerns that Greece may default on its debt. Wendy Gillette tells us more.
The combination of underlying strength in the labor market and affordable mortgage rate is expected to bring more first time home buyers into the market this spring. Jill Schlesinger reports on common mistakes and how to avoid them.
Business investment in advanced economies contracted sharply during the global crisis and has recovered little since. This column argues that the main factor holding back investment is overall economomic weakness. In some countries other contributing factors include financial constraints and policy uncertainty. Show More Summary