Three new papers

The first is an entry titled India which is forthcoming in Elseviers Encyclopaedia of Financial Globalisation, edited by Gerard Caprio. It’s our attempt at a bird’s eye view of what is known, and not known, about India’s financial globalisation.

The second is a treatment of exchange rates and monetary policy and inflation. There are . . . → Read More: Three New Papers

Does big government weaken the social fabric?

Perhaps I should confess at the outset that I cannot provide a definitive answer to this question. What I am about to present is some evidence suggesting that big government might weaken the social fabric. I think the evidence is sufficiently strong to suggest that the question should be considered seriously. (I provided similar . . . → Read More: Does Big Government Weaken the Social Fabric?

Speaking of property values

The very last line in an article… barely surviving the editor’s scissors:

In Allegheny County, the median price for an existing home rose 23.7 percent, and the average price was up 23.9 percent

Ummm…   I take that is over two years, but……  I’m telling you the headlines are completely missing the real story in . . . → Read More: Speaking of Property Values

Economic Events on January 25, 2011

At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EST, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM EST, the monthly S&P/Case-Shiller home . . . → Read More: Economic Events on January 25, 2011