Economics Roundtable
The Problem - II
Calculated Risk adds the the clearest picture of the housing tailspin.
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The Problem - I
Calculated Risk has the clearest picture of the problem we face.
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Special Topic 8/4/10
This week, the Roundtable will feature a special listing for reaction to the payroll employment figures from ADP on Wednesday and the BLS on Friday.
ADP: +42,000
BLS: -131,000/+71,000
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Special Topics 6/28/10
This week, the Roundtable will feature special listings for reaction to Wednesday's
CBO budget projections and the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +13,000
BLS: -125,000/+83,000
CBO: Take your pick.
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Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Market Power (Phil Miller)
"Selected Musings by an Academic Economist on the Power of Markets”
In my sports economics classes, I characterize college athletic departments as profit-seeking firms, despite their non-profit status. The non-profit status doesn't preclude profit-seeking as an objective,. Being non-profit means that a department can't disperse profits to "owners." Recently I ran across three articles that have done nothing to shake that ...
Glenn Reynolds has a post today illustrating what happens in a market that experiences a decrease in demand.
The economic impact statements written by consultants for sports subsidy seekers describe research that goes something like this:
Assume that the total amount of direct spending that will happen if, say, a stadium is built is X and the multiplier is M. The total of direct and ...
Via CNN comes a story about new crib regulations that will label drop-side cribs, like my sons had when they were babies, unsafe. This stinks for consumers, but guess who's dancing in the streets.
"Lucian A. Bebchuk, a Harvard law professor, argues that Congress should reject attempts to impose severe limits on the ability of shareholders to place director candidates on the corporate ballot."
Here is one recommendation:
"
In an article by Mickey Meece in the NY Times entitled "Job Outlook for Teenagers Worsens", you'll find a lot of worry about the staggeringly high unemployment rate of young people aged 16-24. But nary a peep is made about the obvious elephant in the room: the minimum wage.
That ...
Remember when Obama said he wanted his administration to come up with $100 million in spending cuts? $100 million is sure a lot of money, but how much is it in comparison with the size of the federal budget? If you said "not much", give yourself a gold star. ...
This is probably old news to you, but it's a great example of a competitive market at work. The winter in the United States was unusually harsh. Cold temperatures gripped a good part of the nation, and Florida was not exempted by old man winter. In fact, the weather was ...