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

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Housing Market Optimism

Jonathan McCarthy and Richard W. Peach of the New York Fed paint a relatively optimistic picture of the US’s housing market. From “Are Home Prices the Next Bubble?” FRBNY Economic…

Remembering Black Monday

…the futures and options markets in Chicago. Although the market would decline far more between August, 2007 and March, 2009 at the front end of the Great Recession, there was…