Pop Goes the College Bubble

Enrollment will decline once this becomes common knowledge:

The brutal job market brought on by the recession has been hard on everyone, but especially devastating on the youngest members of the labor force.

About 60% of recent graduates have not been able to find a full-time job in their chosen profession, according to job . . . → Read More: Pop Goes the College Bubble

Rehan Rashid: Shales Spur New Supercycle of Energy Production

Over the next two decades, liquid and natural gas shales could release a treasure trove of new energy production. But even given this extraordinary new resource, FBR Capital Markets Head of Energy and Natural Resources Research Rehan Rashid expects demand to stay ahead of supply. Rehans’s long-term bullish scenario favors a few select . . . → Read More: Rehan Rashid: Shales Spur New Supercycle of Energy Production

Books that should be read before starting a Ph.D. in economics

Suppose a young person is going to start a Ph.D. in economics. What essential readings would you recommend prior to this?

In my opinion, the Ph.D. in economics involves a heavy emphasis on tools. But the story isn’t told, about why we are building these tools. The intuition isn’t built, about the world out . . . → Read More: Books that should be read before starting a Ph.D. in economics

Economic Events on May 18, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 3.2% in the Purchase Index and a week to week increase of 13.2% in the Refinance Index.

At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving . . . → Read More: Economic Events on May 18, 2011