Submitted by The Capital Spectator
With the last of the June economic data in hand, it’s time to update the CS Economic Index, which is calculated monthly. As our chart below shows, and anecdotal evidence suggests, the U.S. economy is weak and getting weaker.

The black line in the chart above, which runs through June 2008, is […]

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Submitted by Econbrowser
From the abstract of a new paper by Stijn Claessens, M. Ayhan Kose and Marco E. Terrones, entitled “What Happens During Recessions, Crunches and Busts?” (paper now online here):
We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over […]

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Submitted by A Dash of Insight
The focus group here at “A Dash” rejected the original title for this piece, the more professorial “Understanding and Predicting Revisions in Government Data.”
Whatever the title, it is the same topic.  It will be uninteresting to the many who have already made up their minds.  It continues our theme about […]

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Submitted by CARPE DIEM
Results of a statistical experiment, to follow up on these two CD posts(link and link):
1. Generate a random sample of 1,000,000 observations in EVIEWS, distributed normally with zero mean, and variance of 1, representing female mathematical ability on a standardized test.
2. Generate a sample of 1,000,000 observations, distributed normally with zero mean, […]

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Submitted by CARPE DIEM
California Real Estate Bubble:
Florida Real Estate Bubble:
No real estate bubble in Texas:
No real estate bubble in South Dakota:

Source: OFHEO, via St. Louis Fed
Visit 1800blogger to see all of our industry leading blogs.

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Submitted by CARPE DIEM
Boone Pickens says we spend $700 billion a year on foreign oil, which he calls a “transfer of wealth.” But exchanging money for oil at the market price is an exchange of things of equal value. If we didn’t value their oil more than our dollars, we wouldn’t participate in such a […]

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Submitted by CARPE DIEM
This CD post (about T. Boone Pickens’ rantings about oil and the “biggest transfer of wealth in history”) was read today in its entirety on the Rush Limbaugh radio show (transcript here).
Limbaugh comments: T. Boone, he knows better than this. He knows this is not a transfer of wealth. A transfer of […]

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Submitted by unsettling economics
Ellen Schulz deserves some sort of award for keeping on top of the pension ripoffs that the corporations pull off.  Here she also discusses my old employer, Consolidated Freightways.
Basically, the companies, even when they are cutting benefits for ordinary workers, they get shift lush executive pensions into the tax-free pension fund, increasing […]

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Submitted by A Dash of Insight
When does a good story get in the way of informing readers? Editors of all major publications face this decision each day. A recurring topic at “A Dash” is how many bloggers play fast and loose with facts. The Internet gatekeepers push along the stories placing the burden on readers. […]

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