Submitted by Businomics Blog
The Fed is proposing new rules regarding mortgages. The new broad rules that apply to all mortgages (see the Fed’s announcement for details) are reasonable, but probably covered by current fraud statutes. I’m not a lawyer, but they seem to be rules implementing common law standards.
The other rules that apply […]

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Submitted by CARPE DIEM

The top chart above is from a previous CD post, and the bottom chart above is from Larry Kudlow’s blog, and he featured it last night on Kudlow and Company.
I used a three year lag in my chart, and Larry is using a two-year lag in his graph, which might be […]

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Submitted by CARPE DIEM

See chart above (click to enlarge) for evidence of Walter Williams’ claims that Education majors perform poorly on standarized tests like the LSAT, GMAT and GRE.
(HT: Ironman at Political Calculations)
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Submitted by The Capital Spectator
What’s true for stocks also applies for bonds: Most of the planet’s debt is issued outside of America. As of this past spring, roughly 53% of the outstanding value of the world’s bonds with maturities of one or more years was issued in a currency other than the dollar, according to […]

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Submitted by Econbrowser
Stuart Stanfiford and colleagues continue to provide a great service for the rest of us in compiling the facts about new oil discoveries.
Here at Econbrowser we have often made use of independent efforts by Cambridge Energy Research Associates and Chris Skrebowski to compile data on all the major new oil projects around the […]

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Submitted by CARPE DIEM

From todays’ Investor Business Daily:
“The world produces about 85 million barrels of oil a day. Global energy demand is expected to rise 55% from 2005-2030. Peak oil theories abound that new discoveries are not keeping up with oil usage. But it’s significant that the new demand also is fostering big new discoveries, […]

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Submitted by CARPE DIEM

“Al Gore says global warming is a planetary emergency. It is difficult to see how this can be so when record low temperatures are being set all over the world. In 2007, hundreds of people died, not from global warming, but from cold weather hazards,” says David Deming, geophysicist and associate professor […]

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Submitted by CARPE DIEM
American education will never be improved until we address one of the problems seen as too delicate to discuss. That problem is the overall quality of people teaching our children. Students who have chosen education as their major have the lowest SAT scores of any other major. Students who have graduated with […]

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Submitted by A Dash of Insight
The reaction to the European Central Bank’s action today was amazing. As we examine the various reactions, we note some patterns. These tendencies offer an opportunity to investors willing to do some work to gain understanding.
Today’s Reactions
As we noted yesterday, the ECB stepped up to provide temporary loans […]

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