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Can be found at this excellent post on Economist’s View. Lehman is down, Merrill Lynch is sold – this is far bigger than the collapse of Bear Stearns (especially since it appears to be absent a straight bailout). I suppose we will have a clearer indication of what is going on tomorrow. Expect our dollar […]
ISCR have just launched New Zealand’s first prediction market. From iPredict: Who’s going to be the next Prime Minister – Helen or John? Will the price of petrol be $3 a litre by Christmas? Will Winston be sacked before election day? These are some of the questions Kiwis may find themselves backing their opinions on […]
Technology and the limited nature of non-renewable resources is an important issue in economics, the social sciences, and general policy making. It is an issue where each side of the political spectrum feels that the other side is stupid. In an article we have linked to here, there are people that feel economists ignore the […]
It is interesting to see the real estate blog calling a “turning point” in the housing market. For the sake of completeness, I’m going to attempt to call the opposite – namely I am going to put down the case for why the housing market will continue to remain slow. Note that I am stating […]
So the quarterly employment survey and the labour cost index came out yesterday. Now remember that the pointer for me was hours worked – I wanted to see how far they fell before making any judgments on the state of the labour market. The kicker is that they rose! According to the tables in the […]
Many climate change sceptics argue that the IPCC’s predictions are highly uncertain. Over at Vox, Paul Klemperer suggests that this should make us more worried, rather than reassuring us. …[If] the models merely underestimated the uncertainty, the range of plausible outcomes is now greater, so… defences would need to be higher for us to feel […]