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

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Mortgage Rates

…housing data may be skewed by the reconstruction in the gulf. From the Census Bureau: Questions on Katrina. Q: Will completely rebuilt houses be counted as a new house being…

Katrina, Income, and Spending

…Analysis. Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent. …The August estimate of personal income reflects the effects of Hurricane Katrina, which hit the Gulf Coast States of…

Fuzzcharts v. Clinton on Tax Policy

…full display … But did tax cuts for the wealthy really make things worse in the Gulf Coast? Should they be repealed, as some (including Clinton and former presidential candidate…

Katrina Relief & Ricardian Equivalence

…up to the microphone: President Bush explains that he will spend hundreds of billions of dollars rebuilding the Gulf Coast without raising any new revenues. Republican leader Tom DeLay declines…

How Much Slack is Left?

…the output at utilities decreased 0.5 percent. Hurricane Katrina severely curtailed output in the Gulf Coast region at the end of August; hurricane-related production declines were most evident in oil

Borrowing Run Amok

…putting the US in the uncomfortable position of having to ask its foreign creditors to pick up the tab for repair and reconstruction of the Gulf Coast. The point that…

Gasoline: A Time for Caution

…record levels in both nominal and real terms: ‘Damage to Gulf Coast refineries and pipelines by Hurricane Katrina pushed retail gas prices to historic highs in the past two weeks,…

Putting Firefighters to Good Use

…as emergency workers. Instead, they have learned they are going to be community-relations officers for FEMA, shuffled throughout the Gulf Coast region to disseminate fliers and a phone number: 1-800-621-FEMA….