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Spurious Correlation of the Day

…inflating. This might suggest that the people who were buying in 2006 were more likely to be “trading up” than buying for the first time. There is anecdotal evidence to…

‘New Normal’ For Unemployment?

…much more difficult if not impossible. It would require trading jobs with someone who has the job you want and wants the job you have (and both employers would have…

Going to Washington as a financial blogger

…implication means it needed to shrink. I was told it had shrunk and that the Fed was winding down its programs. Yes, but the expectation is that as the Fed…

That 3.5% rise in GDP

…Census Bureau announced today that advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes,…