Archive for July 27th, 2008
Posted in July 27th, 2008
Submitted by Businomics Blog
The Financial Times has a cool “weather map” of the European economy. Read the article for some commentary. My takeaway: not much spillover from U.S. problems to the Continent. Spain’s difficulties are due to its own internal housing cycle.
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Posted in July 27th, 2008
Submitted by Econbrowser
Oil was selling for $123 a barrel on May 7, and that’s where it closed this week. Sounds like a calm and rational market, except for the fact that just last week it was going for $145.
Which price was right, $123, $145, or something else? Before you let anybody give you an answer […]
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Posted in July 27th, 2008
Submitted by unsettling economics
Doms, Mark and Meryl Motika. 2006. “The Rise of Homeownership.” Federal Reserve Bank of San Francisco Economic Letter (3 November).
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http://www.frbsf.org/publications/economics/letter/2006/el2006-30.html
“After decades of relative stability, the rate of U.S. homeownership began to surge in the mid-1990s, rising from 64% […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
All forms of print publishing must contend with the digital transition, but college textbook publishing has a particularly nasty problem on its hands. College students may be the angriest group of captive customers to be found anywhere.
NYT: First It Was Song Downloads. Now It’s Organic Chemistry.
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Posted in July 27th, 2008
Submitted by CARPE DIEM
But how bad is it, really? The economy isn’t at its best. Oil prices are painfully high, foreclosures are really hurtfully high, job growth in many areas is sluggish or worse, and a sector of the credit markets is extremely weak. But over all, it’s not all that bad.
There has not been […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
Charts above are from the July 2008 Interim Report on Crude Oil, from the Interagency Task Force on Commodity Markets. From the Executive Summary:
The Task Force’s preliminary assessment is that current oil prices and the increase in oil prices between January 2003 and June 2008 are largely due to fundamental supply and […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
Source: OECD
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Posted in July 27th, 2008
Submitted by CARPE DIEM
Source: Energy Information Administration
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Posted in July 27th, 2008
Submitted by CARPE DIEM
HT: Ben Cunningham
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Posted in July 27th, 2008
Submitted by CARPE DIEM
The members of Congress and women’s groups who have pushed for science to be “Title Nined” say there is evidence that women face discrimination in certain sciences, but the quality of that evidence is disputed. Critics say there is far better research showing that on average, women’s interest in some fields isn’t […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
Below is a Trulia Map of the average list price for San Francisco homes by area; dark green area homes are $599k and below, dark brown area homes are $1.4m and above:
Trulia map of average list price for Sioux Falls SD homes; dark green area homes are $116k and below, dark brown […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
The good news is that home sales in the city of Detroit through June are up by a whopping +46.56% (YTD) compared to last year (5,389 homes sold in 2008 YTD vs. 3,677 last year), but the bad news is that the average price for a home sold in Detroit has fallen […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
The chart above is based on the Census Bureau’s latest release on home ownership rates, and shows the following:
1. The howeownership rate fell below 68% in the last quarter of 2007 (67.8%) and first quarter of 2008 (67.8%) for the first time since early 2002, as part of a four-year downward trend […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
The Big Mac Index is The Economist’s light-hearted guide to exchange rates. The index is based on the theory of purchasing-power parity, which says that exchange rates should move to make the price of a basket of goods the same in each country. Our basket contains just one item, a Big Mac […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
Kansas Gas Prices:
Lowest gas prices currently being reported in:
South Dakota: $3.55
Michigan: $3.57
Minnesota: $3.57
Ohio: $3.49
Kansas: $3.47
MP: These websites show the lowest gas prices reported by gas customers in various states, as of 12:48 EDT today (Friday), and will change as prices change and as customers report new prices.
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Posted in July 27th, 2008
Submitted by CARPE DIEM
The Federal Reserve and government regulators are largely propping up the lifestyles not of the middle class in general, but of various individuals who made choices that turned out badly and prefer not to live with the consequences. These include people who bought houses they now can’t afford, executives at banks such […]
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Posted in July 27th, 2008
Submitted by CARPE DIEM
From greenhouse scientist Dr. David Evans, consultant to the Australian Greenhouse Office from 1999 to 2005, about global warming:
We scientists had political support, the ear of government, big budgets, and we felt fairly important and useful (well, I did anyway). It was great. We were working to save the planet.
But since […]
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