No cheer for the New Year from the numbers released this week.
Author Archives: James_Hamilton
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?
A curious market reaction
I’m trying to make sense of the strong reactions to yesterday’s action from the Federal Reserve.
More on the new mortgage plan
While the plan may not be as big a deal as we thought, the problem still is.