In fact, according to the S.& P./Case-Shiller Composite-10 Home
Price Index, which Karl Case of Wellesley College and I developed, home
prices in the United States were up 18.4 percent in real,
inflation-corrected terms in the 16 months that ended in July. During
the housing bubble that preceded the 2008 financial crisis, the largest
16-month increase wasn’t much bigger: 22.7 percent, for the period ended
in July 2004.
Saturday, September 28, 2013
Housing Market Is Heating Up, if Not Yet Bubbling
HOME prices have been rising rapidly, so much so that there is talk that we are entering another national bubble.
Friday, September 20, 2013
The Best, Brightest, and Least Productive?
NEW HAVEN – Are too many of our most talented people choosing careers in finance – and, more specifically, in trading, speculating, and other allegedly “unproductive” activities?
In the United States, 7.4% of total compensation of employees in 2012 went to people working in the finance and insurance industries. Whether or not that percentage is too high, the real issue is that the share is even higher among the most educated and accomplished people, whose activities may be economically and socially useless, if not harmful.
Read more
In the United States, 7.4% of total compensation of employees in 2012 went to people working in the finance and insurance industries. Whether or not that percentage is too high, the real issue is that the share is even higher among the most educated and accomplished people, whose activities may be economically and socially useless, if not harmful.
Read more
Subscribe to:
Posts (Atom)