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    Economics / Bernanke, Case Shiller Index, Federal Reserve Board, home prices, inflation, interest rates, monetary policy, new home sales, pending home sales, unemployment /

    Actual News Not in Davos

    January 26, 2012

    In solidarity with the Chinese government I have decided to forego my trip to the annual Davos shindig. I am willing to overlook the fact that, for the second year in a row, my invitation arrived late. Actually it didn’t arrive at all. But I refuse to attend during the Chinese New Year celebrations. How […]

    Commentary, Economics /

    Policy as [Bad] Drama

    January 26, 2012

    Is is just me or are we firmly stuck in one of those endless dramas designed to drive us all batty? David Cameron just gave a speech in which he called for ‘urgent action’ to resolve the Euro Zone crisis. This must be the millionth time a serious person has called for urgency. Just for […]

    Commentary /

    Confusions Abound

    January 24, 2012

    Confusions abound. This is the middle of an intense, partisan, and important election cycle and confusion, deliberate or otherwise, is abundant. This is a moment when we need clarity, and voters are being asked to decide on issues that derive from arcane and often very obscure roots. Politicians have a bad habit of trying to […]

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