I thought it might be helpful to summarize some of the background on how we got into our present mortgage mess.
Author Archives: James_Hamilton
Ongoing slump in autos
The weak performance of auto sales continues, with a new twist.
Economic indicators take a turn for the worse
No cheer for the New Year from the numbers released this week.
Home sales and prices continue to fall
2007 ended like it began, only worse.
Christmas card
We wish a merry Christmas to all our readers and friends.
The bears must wait another quarter
Currently available data on consumer spending make it very unlikely that we’ll see negative real GDP growth for the fourth quarter.
Earning excess returns
Mark Thoma calls attention to this Washington Post article by Wharton Professor Dean Foster and Oxford Professor Peyton Young:
Wikipedia page on Oil Megaprojects
Stuart Staniford and colleagues continue to provide a great service for the rest of us in compiling the facts about new oil discoveries.
Monetary policy using the asset side of the Fed’s balance sheet
An interesting trend has developed in the Federal Reserve’s asset holdings, a trend that the newly created term auction facility is designed to accelerate.
Term auction facility
Will a new, improved discount window solve our problems?