Tom Duncan

Housing America: Building Out of a Crisis

“About seventy percent of American households own their own homes, and for many their homes represent the majority of their net worth. As evident by the cascading mortgage market meltdown […]

“Inflation Isn’t Temporary” – FT

“There are two lessons here. One short-term, the other long-term. First, policymakers and investors need to shake off the belief that the current inflation spike is temporary. Even if food […]

“Split in Economy Keeps Lid on Prices” – WSJ

“Goods inflation has outstripped services inflation for long stretches since mid-2007, something that hadn’t happened since the 1970s. For most of the last 30 years, goods prices had been held […]

“Deja Deflation Fear” – WSJ

“Alas, consumers cannot choose to pay the “core” price at the grocery store or gas station. They feel the increase in food and energy prices in reduced purchasing power whether […]

“More Than Just Greed” – Miron

“In asking whether the recent financial crisis could have been avoided, the crucial fact is that crises of various flavors have occurred for centuries in countries around the world. Thus, […]