Submitted by The Capital Spectator
Mr. Market isn’t always right, but quite often he imparts valuable information. No, he won’t whisper the secret to easy money in your ear. But he’s always willing to provide some perspective, which comes in handy every now and again if only to remind investors that capital flows are forever evolving.
With […]

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Submitted by Econbrowser
CBO releases CBO’s Economic Forecasting Record: 2007 Update [pdf].
See in particular pages 11-12, for a comparison against the administration and Blue Chip forecasts, in terms of mean error, mean absolute error, and RMSE.
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Submitted by Econbrowser
Ray Stone of Stone & McCarthy Research Associates has some interesting observations on the quality of the payroll employment numbers released by the Bureau of Labor Statistics.
We’ve noted before some of the strengths and weaknesses of the Bureau of Labor Statistics’ birth/death model. The BLS payroll data come from a count of how […]

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Submitted by CARPE DIEM

According to data from the IRS (presented here by the Tax Foundation), the top 25% of U.S. taxpayers earned 67.5% of total income in 2005 (most recent year available), and that group paid 86% of all income taxes paid.
In the media coverage and in the political commentary on rising income inequality and […]

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Submitted by CARPE DIEM

From this news article “Thanksgiving May Cost You”:
If you’re planning a major feast this Thanksgiving, it might be a good idea to budget a few extra dollars to make sure you can get the guest of honor to the table. The rising cost of oil and other utilities, combined with an […]

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Submitted by Businomics Blog
The Wall Street Journal recently ran a column by Sue Shellenbarger (subscription required) about professionals working from home.
This subject should be on the strategic planning radar screen of all companies with employees. Here’s why: in the decade from 2010 to 2020, there will be no net growth of the working […]

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Submitted by unsettling economics
A wonderful Ohio judge seems to have stopped foreclosure in Ohio because the investors in mortgage securities pools lack legal standing to foreclose because they cannot show proof ownership. After all, nobody knows who owns what.
Morgenson, Gretchen. 2007. “Foreclosures Hit a Snag for Lenders.” New York Times (15 November).
“A federal judge in […]

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Submitted by EconWeekly

The US Federal Aviation Administration (FAA) is bent on fixing flight delays. To that end, the agency proposes to cap traffic at JFK. The feds say that the New York airport, which has one of the worst records in the country, can’t handle more than 80 operations –take-offs and landings— per hour, 20 […]

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