Robert Rapier has some concerns about what could be in store for the U.S. this summer.
Author Archives: James_Hamilton
Post Mortem on the Cambridge Energy Research Associates Forecasts
In the summer of 2005, Cambridge Energy Research Associates received a lot of publicity for their optimistic assessments of near-term oil supplies. Two years later, it’s interesting to see how the details of those predictions have been borne out so far.
Petroleum refining and comparative advantage
Some readers keep asking me, If U.S. refining capacity is such a big issue, why don’t we just import more finished product?
Auto sales improve in May
Yet another one of my chief worries gets some relief from new data.
Don’t worry, be happy
Yesterday the Bureau of Economic Analysis told us that first-quarter real GDP grew not at the anemic 1.3% annual growth rate as was originally reported in the “advance” estimate given to us at the end of April, but instead was a barely-positive 0.6% as now claimed in the “preliminary” 2007:Q1 estimates. So what’s worse than we thought?
Economics of the Great Depression
I was honored to be included among those interviewed for East Carolina Professor Randy Parker’s new book, Economics of the Great Depression.
George Borjas thinks he understands Paris Hilton
My former colleague George Borjas has a notion that he might get more traffic for his new blog if he discusses the economics of Paris Hilton.
You think he’s right?
Gouge this
Maybe you think you know what I’m going to say about the Federal Price Gouging
Prevention Act. So I’ll surprise you by only saying nice things about the bill.
Not dead yet
We’re still not seeing the deterioration in economic conditions that some had been expecting.
Econbrowser: The Movie
I appeared this week on our local PBS television station to talk about ethanol subsidies (one of my favorite rants). If you’re interested, you can watch a 5-minute broadcast of that interview via KPBS Full Focus.