July 1st, 2015
in eurozone and euro
by Elliott Morss, Morss Global Finance
In 2011, I wrote a piece saying that bailouts would not solve the problems of Greece, Ireland, Portugal or Spain. I followed that with an open letter to the Prime Ministers of Greece, Ireland, Portugal and Spain explaining why they should leave the Eurozone and how.
Here’s Why WSJ New Home Sales Headline Is Technically Correct But Still Misleading- It’s Still A Depression
June 29th, 2015
in home sales and home prices
by Lee Adler, Wall Street Examiner
The Wall Street Journal is Rupert Murdoch’s PR organ for his Move Inc. subsidiary, which provides marketing services Realtors. The Journal put out a PR release yesterday that,” U.S. New-Home Sales Rise to 7-Year High.” While technically correct, it is nevertheless misleading, tainted by the paper’s tilt toward bullish pronouncements on housing, thanks to Move Inc.'s main client being the mammoth NAR housing cartel.
June 29th, 2015
by Philip Pilkington
I never really liked doing jigsaw puzzles as I always found it a bit boring. But many people seem to find it a fascinating endeavor. Whatever you personally think of jigsaw puzzles, however, consider for a moment their aim and their probable payoff.
Written by Steven Hansen
In the last few quarters, the USA has seen a fairly significant decline in headline productivity growth. Some have suggested there is a correlation to GDP - and of course there is as headline productivity is measured by economists using monetary means - and this methodology would correlate to GDP growth. This is not the way an industrial engineer measures productivity.
June 25th, 2015
by Jonathan D Ostry, Atish R Ghosh and Raphael Espinoza
Appeared originally at Voxeu.org 22 June 2015
High public debt ratios dominate today's fiscal policy discussions. This column argues that paying down the debt involves a trade-off that balances the gains from the insurance value of low debt against the costs of an insurance premium – higher distortionary taxation. When countries have fiscal space and no real prospect of a sovereign crisis, the cost of bringing down the debt is likely to exceed the crisis-insurance benefit. The best policy might be to simply live with higher debt.