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Existing-Home Sales Remain Range Bound; Inventory Remains Tight
Existing-home sales fell 1.3 percent in January and remain in a broad flat trend. Housing activity is unlikely to move significantly higher in the coming months.
February 21, 2020
The Implausible Claims of Green High Finance
It is highly doubtful that having a central bank selectively buy outstanding debt with green labels would in any meaningful way contribute to a greening of the economy.
Cuckoo for Marginalism
When I was a kid, I would ask my mother if she likes this cereal, that song, or this soft drink. She would often reply in her droll way: “I wouldn’t want a steady diet of it.”I came to conclude that this really meant that she didn’t like it. I was wrong. She was thinking in terms […]
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