Pages

Tuesday, May 20, 2014

General Economics

News                                                                                                                             
CNN Money | When getting a reverse mortgage makes sense
The reverse mortgage has long been viewed as a last resort for older Americans with home equity but little cash. Now it's poised to become a mainstream financial strategy -- at least that's what regulators and financial services firms are hoping. But you should be cautious about jumping in.
WSJ | Germany Must Help Others Back to Growth, IMF Says
Germany must help the rest of the euro zone's struggling economies recover and Berlin should spend significantly more on transport infrastructure projects over the next four years than it has promised so far, the International Monetary Fund said Monday.
CNN Money | 'I'm too afraid to sell my home'
In hot real estate markets all over the country, homeowners are feeling stuck: They know they can get top dollar if they sell their home, but fear they will have no place to go if they leave.
CNBC | Uh oh! Fed exit may cause 20% stock drop: Boockvar
When the Federal Reserve ends its latest bond-buying quantitative easing program, stocks could drop 15 percent to 20 percent, said Peter Boockvar, chief market analyst at The Lindsey Group.

Econ Comments & Analysis                                                                                            
WSJ | Five Myths About Imports
On Monday, President Obama issued a proclamation marking the start of World Trade Week. The proclamation used some form of the word "export" eight times. How many times were imports mentioned? Zero.
Real Clear Markets | It Costs You a Fortune For Obama To Be Green
Although climate change ranks close to the bottom of Americans' concerns, well below jobs and the economy, President Barack Obama is proposing a new set of solar energy policies that he describes as "good for job growth and good for our economy."
Washington Times | Recalling the Reagan-Kemp vision
Most Republicans plan to run their fall campaigns focusing on the Obama scandals — admittedly a target-rich area — with scandals involving Obamacare, Benghazi, the Internal Revenue Service and Veterans Affairs. All of this is not a vision of the future, though.
Real Clear Markets | Has Rising Inequality Brought Us Back to the 1920s?
It is now commonplace to say American inequality has reached a peak not seen since the roaring ‘20s. Though often repeated, the claim is flatly untrue under the most comprehensive-and meaningful-definition of family income.