I was shocked by today’s report that the high school dropout rate in California has reached 24%.
Author Archives: James_Hamilton
Did Fannie and Freddie cause the mortgage crisis?
Some thoughts about the role played by the GSEs in the run-up in mortgage debt and house prices.
The Fannie and Freddie assistance plan
I see much to like about this.
Fannie Mae and Freddie Mac
How did we get into this mess, and how do we get out of it?
Janet Yellen on risks and prospects for the U.S. economy
This morning we were pleased to welcome Janet Yellen, President of the Federal Reserve Bank of San Francisco, to our UCSD Economics Roundtable. She focused on three main challenges: the housing slump, financial market turmoil, and commodity prices, which she likened to the three witches from Macbeth. Her complete speech is available from the FRB SFO Here are some excerpts.
Links for July 3
Today we outsource with some interesting links on oil markets and housing.
Recession and the oil shock of 2008
Unfortunately, this seems to be unfolding according to script.
Lecture on regional business cycles
The lecture I gave at the Society for Nonlinear Dynamics and Econometrics Symposium in San Francisco two months ago on regional business cycles (earlier summarized here and
here) is now available via video streaming (courtesy of Bruce Mizrach and the SNDE). Note you have to click through the slides yourself as the lecture proceeds, and it seems to work with Internet Explorer but not Firefox.
Play chess like the pros
While I’m on the subject of the benefits of slowing down I should perhaps mention this hilarious chess game between grandmasters Maxim Dlugy and Hikaru Nakamura.
Endless winter
As noted by Calculated Risk, global warming or no, the spring selling season for new homes never seemed to arrive this year.