News
CNN Money | Home prices continue to climb
Home prices continued to climb in July, up 12.4% compared to a year earlier.
Bloomberg | Americans’ Confidence Falls on Concern Over Job Outlook: Economy
Growing concern over the outlook for hiring and wages shook U.S. consumer sentiment this month, raising the risk spending will contribute less to growth.
CNN Money | Made in America' revival gathers pace
The 'Made in America' revival is gaining momentum with a majority of manufacturing executives now ready to consider pulling some production back from China.
WSJ | Number Caught Entering U.S. Illegally Rises Again
Data add fuel to debate over beefed-up border security.
Econ Comments & Analysis
CNN Money | Why the commercial real estate crash never came
After the housing market collapsed, many economists predicted a similar fate for commercial real estate. Here's why it never happened.
RCM | Congress Writes the Recipe for Another Housing Crisis
Because of a barrage of criticism by the housing industry, the regulators recently proposed a revised definition of QRMs. Most notably, the latest proposal required no down payment by the borrower and increased the allowable debt-to-income ratio of the borrower from 36% to 43%.
Washington Times | EDITORIAL: Countdown to collision
Republicans have a week to show they mean what they say.
NBER | The Effects of Mandatory Transparency in Financial Market Design: Evidence from the Corporate Bond Market
This paper studies how mandatory transparency affects trading in the corporate bond market. In July 2002, TRACE began requiring the public dissemination of post-trade price and volume information for corporate bonds.
Mercatus Center | Bipartisan Corporate Welfare
More than a century ago, the French economist and polemicist Frederic Bastiat noted that many economic fallacies persist because the beneficiaries of government actions are easily visible while the victims are harder to identify.
Blogs
WSJ: Real Time Economics | A Look at Case-Shiller by Metro Area
The composite 20-city home price index, a key gauge of U.S. home prices, was up 12.4% in July from a year earlier.
The Economist | Beyond "mainstream economics"
“Standard economic policies,” he writes, “aim for growth, full stop. Sustainable development aims for growth that is broadly shared across the income scale and that is also environmentally sound.”
Econlib | Of Mice and Men, Morals and Markets
Good morals make for good markets is hardly a contentious claim. Reputations for honest dealing grease the wheels of commerce.
WSJ: Real Time Economics | Home Prices Rising at Fastest Pace Since Start of Bubble
Home prices rose faster during the first seven months of 2013 than any year since 2004, the year that marked the beginning of the home-price bubble.
