(Bloomberg) — The U.S. Treasury has been planning for years how to deal with the funding gap set to open up when the Federal Reserve begins unwinding its $2.5 trillion hoard of the government’s debt. Now there’s a new wrinkle to prepare...Show More Summary
How bad is the Equifax data breach? Where 143 MILLION consumers potentially had their Social Security numbers, credit card numbers and birthdates revealed? The post Hurricane Equifax II: Even Wells Fargo Says To Consider A Credit Freeze was originally published at The Wall Street Examiner. Follow the money!
(September 18, 2017 04:27 PM, by Contributing Guest) by Jennifer K. Thompson As we do with many institutions, we tend to think of nonprofits monolithically: nonprofits, we are likely to say, are tax-exempt organizations that benefit the public. We often understand philanthropy in much the same, one-size-fits-all... (0 COMMENTS)
The general opinion expressed by those in the financial sector and its regulators is that reform since 2008 has got us to about the right place in terms of limits on bank leverage. But the majority view of economists outside the financial sector is that Basel III goes nowhere near far enough. Show More Summary
Americans, and higher-income whites in particular, vastly overestimate progress toward economic equality between blacks and whites.
From housing economist Tom Lawler: Early Read on Existing Home Sales in AugustBased on publicly-available state and local realtor reports from across the country released through today, I project that US existing home sales as estimated...Show More Summary
Today's Water Cooler: Trump on trade, 2018, Obama legacy, housing market, the Bezzle, BernieCare, Juggalos, verbena, automobile design
(September 18, 2017 01:38 PM, by Bryan Caplan) In Selfish Reasons to Have More Kids, I showed that nurture effects are small within the First World. But I also freely conceded that the nurture effects of growing up outside the First World are probably large:The most important weakness... (0 COMMENTS)
BernieCare vs.ConyersCare in #MedicareForAll implementations, how to handle displaced worker, how to talk about taxes.
The NYT had an article on the most recent Republican plan to repeal the Affordable Care Act (ACA). It included a quote from Senator Bill Cassady, a co-sponsor of the bill: "'Right now, 37 percent of the revenue from the Affordable Care Act goes to Americans in four states' — California, New York, Massachusetts and Maryland, Mr. Show More Summary
Some of the housing industry’s largest trade groups reportedly want housing finance agencies Fannie Mae and Freddie Mac to look at using new types of credit scores for assessing default risk on residential mortgages. The post Experian, Equifax & TransUnion want to sell you new mortgage credit scores was originally published at The Wall Street Examiner. Follow the money!
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 64 in September, down from 67 in August. Any number above 50 indicates that more builders view sales conditions as good than poor.From NAHB:...Show More Summary
Have you experienced a health care system outside the United States? Tell us its best or worst feature. And what advice would you give Americans?
Gold has set up a possible intermediate correction. Here are the parameters to watch to signal whether it will get worse, or start the next step in the uptrend. Click here to download complete report in pdf format (Pro Trader Precious Metals Report Subscribers). Show More Summary
From Black Knight: Black Knight: Hurricane Preliminary Assessment Shows Over 3.1 Million Mortgaged Properties in Hurricane Irma Disaster Areas • Florida FEMA-designated disaster areas related to Hurricane Irma include over 3.1 million...Show More Summary
(September 18, 2017 11:07 AM, by David Henderson) Google today highlights the birthday of Sam Johnson, the famous British intellectual in the 18th century. He is thought of as the father of the modern dictionary. I discovered him when I was in 10th grade and was hanging around... (0 COMMENTS)
Books Book of the week is James C Scott’s Against The Grain (UK) (US) – an examination of the origins of civilisation. Scott – best known for the magnificent Seeing Like A State (US) (UK) – is on fascinating form. There’s a fine long review by John Lanchester in the New Yorker. I’ve been enjoying Ed Thorp’s A Man For All […]
Gabriel Zucman of the University of California, Berkeley talks with EconTalk host Russ Roberts about his research on inequality and the distribution of income in the United States over the last 35 years. Zucman finds that there has been...Show More Summary
"there is a real chance that Graham-Cassidy... will... become law, because not enough people are taking it seriously": Complacency Could Kill Health Care, by Paul Krugman, NY Times:...last year far too many people were complacent; they assumed...