Trump and the US military build on existing doctrines and policy precedents, making unintended nuclear war more likely.
A set of proposed laws targets some of the worst forms of medical price gouging.
(November 19, 2017 11:53 PM, by David Henderson) Last week Ann Coulter wrote a piece on how immigrants to the United States helped Democratic candidates win in Virginia. She made a somewhat compelling case. It is this kind of concern that has made me more nervous than co-blogger... (0 COMMENTS)
Robert Samuelson comes in behind Donald Trump when it comes to mastering the logic of international trade. In his column telling readers that "Trump gets the trade problem all wrong," Samuelson gets three really big things about trade...Show More Summary
There has been a blossoming of research into fiscal incidence by income class. This column combines century-long histories for Britain and South American countries with previous research to offer a global history of government income redistribution. Show More Summary
On 23 June 2016, the UK voted to leave the EU. As soon as the result became clear, sterling depreciated sharply and, since the vote, UK inflation has dramatically increased. This column asks how much of the rise in inflation is due to the referendum. Show More Summary
Weekend:• Schedule for Week of Nov 19, 2017Monday:• No major economic releases scheduled.From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 3, and DOW futures are down 23 (fair value).Oil prices were down over the last week with WTI futures at $56.55 per barrel and Brent at $62.54 per barrel. Show More Summary
There may be no other person who has done as much harm to the world in this century as Peter Peterson, the Wall Street billionaire. Peterson has used his money to promote his complaints about excessive budget deficits. Due to his ability...Show More Summary
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The traditional task of a chancellor at budget time is to take on the role of conjuror by pulling rabbits out of what appears to be...
New York state court judge joins nationwide trend in concluding that use of StingRay surveillance device requires warrant.
House passes non-binding resolution on US role in war in Yemen; the measure fails to confront the magnitude of the humanitarian crisis there.
During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For several years, not much changed. But in 2012 and 2013, we saw some significant changes...Show More Summary
(November 19, 2017 12:14 PM, by Scott Sumner) Tyler Cowen directed me to an interesting question raised in his comment section (by "BC"): Do federal employees pay income tax on their wages? I know they do nominally, but that tax goes back to their employer, the federal government.... (0 COMMENTS)
In economics, two key market asymmetries/biases lead to the severe reduction in markets efficiency often marking the departure from theoretical levels of efficiency (speed, with which markets incorporate new relevant information into...Show More Summary
November 15 – Bloomberg (Nishant Kumar and Suzy Waite): “Hedge-fund manager David Einhorn said the problems that caused the global financial crisis a decade ago still haven’t been resolved. The post Doug Noland: Not Clear What That Means" was originally published at The Wall Street Examiner. Follow the money!
Home construction activity bounced back in October from several months of appreciable weakness. It may have been hurricane related where plans and projects delayed by the path of Harvey and Irma were finally cleared to resume. More likely, in my view, it was just the normal variation that the construction figures always have exhibited. Show More Summary
The last November OPEC meeting sent oil prices rocketing 20% higher in less than a month, and now this year's Nov. 30 meeting is shaping up to be just as important... The post Everything You Need to Know (and Ignore) About the November OPEC Meeting was originally published at The Wall Street Examiner. Follow the money!
Housing starts rose 13.7% MoM in October to 1,290K units SAAR (or 1.29 million). However, the largest share of housing starts were in the 5+ unit (multifamily) category. The post Multifamily Starts Rise 37.4% In October, Largest Increase In 2017 (West Declines 3.70% As Lonzo Ball Forgets How To Shoot) was originally published at The Wall Street Examiner. Follow the money!
Studies have found that the occurrence of natural resources can increase the risk of civil war and interstate conflict. This column uses data from 50 countries beginning in 1890 to show that silver mining can also have substantial effects on interpersonal violence during peacetime. Show More Summary