Macroeconomics

November 12, 2011

Presidential Wagers

 Looking at the University of Iowa GOP Iowa Caucus Market, you could create these headlines: “Gingrich gains.” “Cain crashes.” Perry plummets. Romney remains. With quotes indicated […]

November 11, 2011

Car Rentals and Cuban Houses

Have you ever washed a rented car? Former Treasury Secretary Lawrence Summers tells us that, “In the history of the world,” no one has. For rental […]

November 9, 2011

“Tweakers”

Referring to Steve Jobs, most of us think of innovation and entrepreneurship. Like Thomas Friedman in “(Steve) Jobs, Jobs, Jobs, Jobs,” we imagine business starters and […]

November 8, 2011

The Future of Oil

When will we run out of oil? A room full of pistachios might have the answer. In the first several pages of The Invisible Heart: An […]

November 5, 2011

Leaving the Euro

Would you like to win 250,000 British pounds? Predicting that a nation’s euro zone exit would be catastrophic unless properly managed, a UK businessman has sponsored […]

November 4, 2011

Frozen Jeans

Being a responsible citizen of the earth might mean freezing your jeans. According to Levi’s, one pair of jeans, from its inception in the cotton field […]

November 3, 2011

Are You A Good Investor?

Good investing takes us to our emotions. But not quite how you might expect. Our brains don’t like random events. Instead, we prefer patterns, especially pleasing […]

November 2, 2011

Default Deja Vu

Between its independence in 1829 and 2006, Greece has had 5 defaults or debt reschedulings that occupied a total of 50.6 years.  Described by Rogoff and […]

October 29, 2011

The Seven Billionth Baby

On October 12, 1999, according to the United Nations, the 6 billionth person (approximately) in the world was born. At the time, the UN projected the […]

October 28, 2011

Euro Deal Primer

To understand euro zone bailout plans, just think BBB. Bonds, Banks, Bailout The Bonds: If you own Greek debt, then you would be asked to accept […]