News
FOX Business | Small-Business Credit Conditions Improve
New research shows small-business credit conditions are improving in 2013, though the recovery is uneven across the United States.
National Journal | Americans’ Confidence in the Economy Is Still Trapped in the Negatives
At the beginning of the summer, polls suggested that Americans were almost starting to feel better about the economy. But as back-to-school season picks up, consumer confidence in the economy remains stuck in the negatives—and it's heading further south.
FOX Business | Mortgage Applications Fall, Rates Hit '13 HIgh
Applications for U.S. home loans fell for a third straight week as average mortgage rates hit their highest level this year, although demand for purchase loans increased, data from an industry group showed on Wednesday.
Bloomberg | Merkel Blames SPD’s Schroeder for Greece’s Euro Entry
German Chancellor Angela Merkel sought to pin the blame for the euro-region’s debt turmoil on her Social Democratic predecessor, Gerhard Schroeder, saying he should never have let Greece into the single currency area.
Market Watch | Pending home sales fall 1.3% in July
Led by drops in most of the U.S., sales contracts on homes fell 1.3% in July, a second month of declines, as mortgage rates continued to rise, according to data released Wednesday.
Econ Comments & Analysis
WSJ | More Young Adults Live With Parents
The share of young adults living with their parents edged up last year despite improvements in the economy—a sign that the effects of the recession are lingering.
AEI | FHA Watch, August 2013 (Vol. 2, No. 8)
In 1997 and 2002, the National Training and Information Center (NTIC) published two studies confirming earlier criticisms of the Federal Housing Administration’s (FHA’s) weak underwriting and program management practices going back to the early 1960s.
Blogs
Café Hayek | People are Rational and Self-Interested
Perhaps the most common way for people who do not like the conclusions of basic economic analyses to dismiss those conclusions is to allege that the assumptions used in the analyses are absurd.
