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

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Opus 1, Second movement: On taxation

…wanted to do – period. Decisions are made based on values held at the time of decision not on changing values during the decision. Secondly, I am only as free…

Subprime becomes prime time lawsuits?

…securities, many of them foreigners, from suing U.S. banks and forcing them to buy back worthless mortgage securities at face value – right now almost 10 times their market worth….

Growth, more than freedom of capital

…In effect, downstream value-added stages act as productivity multipliers. This enables a factor receiving a very small share of the national income directly, to contribute a much larger effective share…

Is a College Education Getting More Expensive?

…four-year college: At public 4-year institutions, the median price of attendance increased from $10,230 in 1999–2000 to $11,187 in 2001–02 (figure C). The median value of total aid (across all…

Bursting of a Housing Bubble and the Wealth Effect

…the present value of my financial liability also declines. However, the value of my house (a real asset) also declines. Makin may be arguing that individuals in the past could…

Tech Support Angry Bear Now Searchable

Deleted Request for Help getting the Google Search Box to work That was easy. I just had to change the sitesearch value from value=”http://www.angrybear.blogspot.com” to value=”angrybear.blogspot.com” You may now search…

Housing: Speculation is the Key

…to focus on an asset’s fundamental value, but the real key for detecting a bubble is speculation – the topic of this post. Speculation tends to chase appreciating assets, and…

The Exchange Rate and Import Prices

…course), and the fall in the value of the dollar. We can focus on the second effect by looking at the price of non-oil imports, which rose by 3.8% in…