Relevant and even prescient commentary on news, politics and the economy.

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Looks Like Kaine and Corzine Win

From USA Today: Democrats won hotly contested governor’s races Tuesday in Virginia and New Jersey on an Election Day closely watched for hints of how the 2006 races might shape…

Inflation Expectations

…not risen since then. (Note that the chart includes data for Monday, Tuesday, and Wednesday of this week.) Reassuringly, the market’s inflation expectations in the wake of the Bernanke nomination…

World Saving and Investment: CNN Reads Brad Setser

…investment, according to a published report. The Wall Street Journal reported Tuesday that oil exporters like Saudi Arabia are saving and investing far more and spending far less than they…

Housing: Buy or Rent?

…recent trend of higher inventories continues. And on Tuesday, New Home Sales will be released and might show the first signs of a slowing market. UPDATE: August New Homes Sales…

Barriers to Eating Kobe Beef

…limit imports of Kobe beef from Japan: WASHINGTON (AP) – Kobe beef should stay off U.S. menus if Japan won’t buy American beef, the Senate has decided. Senators retaliated Tuesday

The Debtor Society

…boom continued. The “Ownership Society”? I think “Debtor Society” is more appropriate. Best Regards, CR Calculated Risk P.S. For thoughts on Tuesday’s FOMC decision check out Dr. Duy’s Fed Watch:…

Excuses Are Not Substitutes for Action

People needed help on Tuesday not this weekend. Help was slow in coming and criticism of our government was well deserved. Yet, folks like David Frum “criticize the criticism”, which…

A Colossal Failure of Leadership

…government to get its act together: This has been a colossal failure of government. President Bush spent Tuesday, the day after Katrina struck, at a Medicare event in Arizona and…

Signs of the Times

…and the price gains will most likely be spectacular. This week, Existing Home Sales for July will be released on Tuesday and New Home Sales on Wednesday. The Sales numbers…