Economics

Housing Soars 10.9% As Inflation Remains Subdued

June 8, 2013

On May 28, the S&P/Case-Shiller Home Price Index was released. I realize that I’m a little late to the party, but I think it’s important that I comment. More importantly, I think it’s important that you see these numbers from a different viewpoint. If you want to read the official (6-page) press release, you can [...]

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What Didn’t Cause the Financial Crisis: Deregulation, Greed and Capitalism

May 21, 2013

A few weeks ago, I asked you Who is MOST Responsible for the Housing Bubble and the Financial Crisis? I can’t say that I was, at all, surprised by the responses. They actually came in exactly as I expected. In case you’re incapable of clicking a hyperlink, the choices were as follows: A. Banks B. [...]

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Senator Elizabeth Warren Introduces a Pointless Piece of Legislation: Bank On Students Loan Fairness Act

May 13, 2013

Do you remember the first time you saw a Russian Doll? You probably picked it up, slightly confused, before realizing you could open it. This surely brought a smile to your face as you had never seen anything like it. As you continue to twist-off one layer after another, you’re internally screaming “THIS IS THE [...]

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A Continuation of the Minimum Wage Debate

February 19, 2013

This is awesome. Seriously. I never thought in a million years that my specialization would come to the forefront. A Major Blessing I’ll never forget the conversation I had with my Academic Adviser during my Freshman year of college. As I was contemplating possible majors, my requirements were simple: I wanted something interesting and useful. [...]

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The United States Will Absolutely Default

January 19, 2013

A few days ago, Republican John Cornyn, Chairman of the House Budget Committee, said “We will raise the debt ceiling. We’re not going to default on our debt.” He continued, “I will tell you unequivocally, we’re not going to default.” You can read the brief Politico article here. Congressional Confidence I appreciate the Republican Rep’s [...]

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Why I Think We’re Adding The Wrong Jobs

December 31, 2012

In my previous article, Why You Should Live Off 50-75% of Your Income, I made a point that I should have expanded on. When discussing what economic indicators I thought were meaningless, I said: “The fall in the unemployment rate doesn’t mean much to me either. The high-paying manufacturing jobs have been replaced by low-paying service jobs. [...]

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Your Attention Will Soon Shift from The Fiscal Cliff to The Debt Ceiling

December 29, 2012

If you’re ready to gouge your eyes and plug your ears because of the “looooming” Fiscal Cliff, Brace Yo’self! because shit is about to get worse. I’m confident that the elephants and donkeys running this country will soon agree to a mutually-acceptable solution. Maybe “solution” is the wrong word? They will have a deal, a short-term [...]

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What’s a Moral Hazard?

December 26, 2012

If you’ve taken any Economic Theory classes in College (or University for you Canadians), you’re certainly familiar with the term “Moral Hazard.” If you haven’t, I’ll quickly define it and give you 3 recent examples in less than 500 words. I know most of you are busy this holiday season. Definition A Moral Hazard is [...]

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Would You Rather…

December 12, 2012

Would you rather have to whisper everything you say or always be screaming? Would you rather have a boss you love at a job you hate or a boss you hate at a job you love?  Would you rather have your grandma’s hair cut or her first name? These are 3 of my favorite “would [...]

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What Causes Inflation?

December 4, 2012

Sometimes I wish that inflation were a tangible thing so that people would pay more attention to it. Could you imagine the outrage caused by someone stealing money from you every day? I think we would all do whatever it took to prevent this thievery from happening. If we were to dress up this financial phenomena, [...]

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