My Two Cents

A reasonable set of forecasts by George Magnus, senior economic adviser at UBS Investment Bank in London. It's dated August 10. (I had set it aside...

It's not surprising that home prices are down. What is a bit surprising is how resilient home prices appear to be after all the shock waves of...

There's more financial market tubulence ahead. Okay, that's a safe forecast. Still, the the Fed's dramatic cut in the discount rate is probably...

Mike Mandel of Business Week has a good post on the political imoplications of the housing market bust:...

Federal Reserve Board chairman Ben Barnanke is trying to hold the line. Although I disagree with much of the current commentary disparaging Alan...

Financial instability is nothing new. A great scholar into the dynamics of financial booms and busts was the late economist Hyman Minsky. (He died...

I do a monthly column for the Star Tribune. The paper doesn't archive it. So, I'll try and remember to post it when it comes out. Here are the last...

Thanks to Tyler Cowen's blog, I've recently read two intriguing articles about carbon footprints. The "Localvore's Dilemma" from the Boston Globe...

Thanks to a reference by Andrew Samwick, economist at Dartmouth University, here's a link to a good piece on the tragic bridge collapse in...

I'm skimming through a book by Carlo M. Cipolla, Between Two Cultures: An Introduction to Economic History. He has nice quote from Keynes on...