Coruscation: econ Archives

October 23, 2005

Nouriel Roubini

Nouriel Roubini's first rate economics blog offers an
essay of macroeconomic commentary about weekly.
Quick off the mark with commentary on new Fed Chairman
nominee on Ben Bernanke.

Previously: Roubini Global Economics.

Posted by omor at 07:54 PM | Comments (0)

October 17, 2005

Smart Economist

Smart Economist short shart briefings.

* Sample paper: What Determines International Migration Flows ?
* Sample topic: FINANCIAL MARKETS & INSTITUTIONS

Posted by omor at 11:39 PM | Comments (0)

October 12, 2005

themessthatgreenspanmade / Tim

The mess that Greenspan made: example: how China's investment in the USA in 2005
is different from Japan's investment in the USA in 1985.

Posted by omor at 10:29 AM | Comments (0)

October 09, 2005

Voluntary Exchange

Voluntary Exchange is a small econ and public policy blog.

Posted by omor at 05:15 PM | Comments (0)

October 05, 2005

US Mid-West economy

Bill Testa covers the US Mid-West economy for the
Federal Reserve Bank of Chicago.

Where is the Mid-West ?

Posted by omor at 01:08 PM | Comments (0)

September 23, 2005

Housing, constant quality index

macroblog looks at Shiller's claims of a housing bubble is about
about to burst.

Is the increase in housing indexes due to bigger, better houses,
or an genuine increase in the overall housing market ?

Housing price vs housing quality, now with quality control.

Posted by omor at 08:40 PM | Comments (0)

September 18, 2005

Brad Sester

Brad Sester's blog-portal of international and macro-economy.

Posted by omor at 12:24 AM | Comments (0)

September 13, 2005

Cunning Realist

Cunning Realist newsy commentary. Examples: risk transfer and social security reform *,
New Orleans flood Reality ** (vs AS's version, Hit and Run's version).

Posted by omor at 08:51 PM | Comments (0)

September 09, 2005

The Stalwart / Joseph Weisenthal

The Stalwart's interesting business coverage, such as:
What's Really Wrong With Dell ?
Also a real estate analysis.

Posted by omor at 12:39 PM | Comments (0)

September 07, 2005

Daniel Gross

Daniel Gross, economic commentator, is consumer-centric
and a left-leaning fact checker

Posted by omor at 12:37 AM | Comments (0)

August 15, 2005

Financial Rounds: Academics argue gently

Financial Rounds on how to argue gently *.

August 13, 2005

NewEconomist

How I Learned to Love Economics

NewEconomist, sample:

Going on the job market got rid of my self-esteem problem.
There's nothing like explaining why your work is important to a
new captive audience every 30 minutes to make you believe that your
work really is interesting and important.

At some point it dawned on me, I really did want to be a professor.
I can work hours and hours without stopping, so long as I get to
sleep in the next morning. (If only I felt that way about exercise.)
I like being able to choose my own short-term deadlines. I like doing
research. I have important questions to answer and I enjoy the freedom
to work on them.

The process of completing my dissertation has made it much easier
both to come up with new research topics and to figure out, ahead of
time, which projects might be viable. I know which subfields in my
area are understudied. I know what data sets have or don't have the
information I would need to answer those questions. Literature reviews
for new projects bring up questions that beget future work. I have an
agenda.

Posted by omor at 10:08 AM | Comments (0)

August 08, 2005

edhec-risk hedge fund research

Buy a fund of funds or a hedge fund index ?
Measure risk with more than Sharpe ratio and multi-factor models.

edhec-risk reports research on investment alternatives.
Indexes and benchmarking
Multi-style multi-class risk allocation
Style and Performance analysis.

With very Germanic style:

Unique Access to all Information

Edhec-risk.com offers a unique access to all information appearing in
the different sections and archives. The information is accessed using
a search engine which generates both the key words and the content of
available documents. All the information available on the site is
accessible in relation to the key themes that correspond to the
Centre’s research programmes.

[via Mahobolis]

Posted by omor at 08:50 PM | Comments (0)

July 09, 2005

Subprime mortgage rate spread at origination

Effects largely captured by a single variable: spread at origination
(SATO). SATO measures the difference in the mortgage rate between the
specified loan and a constant-quality subprime mortgage rate. Assuming
that lenders price borrower risk efficiently, a higher SATO
implies a poorer-credit borrower.

Search for more .

Posted by omor at 05:18 PM | Comments (0)

July 07, 2005

Econ Browser / James Hamilton

Econbrowser, time series economist looks a current economic, investment
and business news.

Posted by omor at 11:35 AM | Comments (0)

July 03, 2005

Economics Roundtable

Economics Roundtable aggregates interest rates, markets and other
economics topics.

Posted by omor at 01:01 PM | Comments (0)

June 20, 2005

Hayek's theory of business cycle

Hayek's theory of depressions was that they started when, for some
reason, interest rates got too low--below fundamentals. If
interest rates are low, asset prices are high--above their
fundamentals. Because financial markets are sending false signals that
capital--whether in the form of machines, business organizations,
commercial buildings, or housing--is very valuable, the market shift
resources into capital-producing sectors and adds to its capital
stock.

Someday, however, interest rates return to their fundamentals. When
they do, asset prices fall sharply: it becomes clear that there are a
lot of business organizations, machines, commercial structures, and
houses that do not produce value to cover their costs. The last thing
needed is more investment. Workers, entrepreneurial energy, and
capital have to be shifted out of capital-goods production and into
the production of consumer goods and services. And, said Hayek, it is
that painful, lengthy, but necessary process of shifting resources out
of capital-goods production that we call a "depression."

In Hayek's monetary overinvestment theory of the business cycle, the
magnitude of the depression depended on the magnitude of the required
structural shift, which depended on (a) how much interest rates had
been pushed below fundamentals, (b) how long they had been pushed
there, and (c) how much damage--in terms of capital investments that
should not have been made given fundamental values--the false prices
fed to the real economy by the financial sector had done.

June 18, 2005

Infectious Greed

Paul Kedrosky / Infectious Greed
Technology aware musings on money culture, with a keen eye
for interesting or jarring research. Great weekend reading.

Recommended by Barry Ritholtz.

Posted by omor at 08:31 PM | Comments (0)

June 12, 2005

Big Picture / Barry Ritholtz

New Yorker, car fan, and economist Barry Ritholtz's Big Picture, a well presented
peresonal economic journal. Sample article, Homeowners Go Deep in Debt to Buy
Real Estate.

Also writes as Amateur Investor columnist at The Street / Real Money.

WSJ Bio:
Barry Ritholtz is chief market strategist for Maxim Group, a New York
investment bank. At Maxim, he maintains a market-timing model to
determine risk using a combination of trend, market internals, sentiment
measures and monetary issues within a broader macroeconomic framework.

He received his bachelor's in political science from Stony Brook
University, and his graduate degree at Yeshiva University's Benjamin N.
Cardozo School of Law, focusing on economics and corporate law. He
presents his macro perspectives on capital markets, the economy and
geopolitics, along with some discussions of music and film at The Big
Picture.

Alternate URL.

Posted by omor at 07:29 PM | Comments (0)

June 05, 2005

behavioural finance at capuchinomics

Capuchinomics: *.

Behavioural finance analysis of market trends, especially housing bubble.

Yet, efficient market theory cannot answer these questions:

-Why do companies with stable cashflows, earnings, sales and profit
margins have such volatile stocks?

-If the financials are stable, why is there so much trading?

-Why do prices change so much from day to day or month to month?

-Is that much value created and destroyed in such small time frames?

-Why do stocks increase or decrease by large amounts when often the
underlying financials only change by incremental amounts?

Nicely designed and presented, looks to be well optimized for Google adsense.

Update 2005 October 16: demoted from blogroll2 to blogroll4 becasue
of login required to read.

Posted by omor at 03:35 AM | Comments (0)

May 17, 2005

Inmann

Inmann, mortgage blogger, is barkerishly spammy.

Useful listing of headlines; links are to pay-per-view versions
of what can was distributed by wire services.

Posted by omor at 07:59 PM | Comments (0)

May 10, 2005

Risk Glossary by Glyn Holton

Glyn Holton's Risk Glossary explains common terms such as capital asset
pricing model (CAPM).

Posted by omor at 02:48 PM | Comments (0)

May 08, 2005

Shiller speaks

Robert Shiller speaks about Real Estate and 'Irrational Exuberance' on NPR.

More and more home owners are refinancing, and a full quarter of
homes sold last year went to investors instead of live-in homeowners.
How long can this hot market last, and when it ends, are we looking at
a minor chill, or a full-blown ice age?

Posted by omor at 06:12 PM | Comments (0)

April 20, 2005

Calculated Risk

Calculated Risk offers nicely illustrated economics.

Mortgage employment also booms

There has been a significant increase in mortgage brokers. There
has been a similar increase in residential building trades, appraisers,
home inspectors and other housing related occupations. The
impact of a housing slowdown on employment will be significant.

What will the end of the refinance boom and the housing boom
do to the mortgage insdustry ?

Posted by omor at 04:20 PM | Comments (0)

April 08, 2005

Economist's View / Mark Thoma

Economistsview offers leftist hardcore partisan commentary posing as
economic analysis. (archives).

Update 2005 October: Offers pointers to academic papers and Fed speeches.

Posted by omor at 02:01 PM | Comments (0)

March 26, 2005

Torto Wheaton Research (TWR)

Torto Wheaton Research (TWR) studies commercial real estate.
Their Debt Risk Management has a nice list of features. See also
Portfolio strategy and misc research desk.

Related: Center for Real Estate.

Posted by omor at 07:02 PM | Comments (0)

March 22, 2005

Centre for Real Estate

CRE: Centre for Real Estate is mostly about town planning,
environment and architecture, but also publishes on economic
topics such as, Is There a "Bubble" in US Housing Markets ? [PDF, 298k]

-- by William C. Wheaton, 2005 January

Posted by omor at 07:58 PM | Comments (0)

March 06, 2005

Housing market bubble ?

PMI's Economic and Real Estate Trends (ERET): [PDF, cached]

Economic and Real Estate Trends is a narrative publication based on an
internally developed PMI model. Issued quarterly, the report includes
commentary on the national economy and regional housing price trends.
In addition, select metropolitan areas are analyzed. The 50 most
populated metropolitan areas are featured in a tabular presentation
(Metropolitan Area Economic Indicators), based on a statistical model
utilizing economic data, real estate variables and market expertise.
The model provides several risk measures to gauge relative residential
lending risk.

Posted by omor at 04:20 PM | Comments (0)

January 16, 2005

Texas economic variables

DataBasics walks you through the essentials of Texas economic data.
The articles present numeric operations that economists use to make
data more meaningful. The data definitions are descriptions of
frequently used Texas economic variables that, taken together, help
paint a picture of statewide economic activity.

Texas economic variables.

Posted by omor at 03:26 PM | Comments (0)

January 10, 2005

In the Agora

In the Agora is a nice name for an Indianapolis-centric current
events blog by Zach Wendling and Paul Musgrave.

Recent controversies: Daylight Savings time.

Posted by omor at 12:30 AM | Comments (0)

January 09, 2005

Mortgage Blogs

The Mortgages Blog (by weblogsinc) is frequently updated with
mortgage industry news mixes some news items and more outside
links with descriptions.

Bankrate is potpourri of mortgage and consumer finance content,
more written for consumers than lenders, and syndicated onto
many consumer sites.

Posted by omor at 04:37 PM | Comments (0)

December 08, 2004

The sports economist / Skip Sauer

The sports economist by Skip Sauer covers stadium economics,
player-league bargaining, and more.

Posted by omor at 02:02 AM | Comments (0)

December 01, 2004

Economy Professor

Economy Professor provides a glossary of some well known terms, theories, and economists.

Posted by omor at 10:04 PM | Comments (0)

November 27, 2004

Toll Roads News

Toll Roads News. News about toll roads. World-wide.

Covers toll highways, parkways, bridges, tunnels, and truckways.
Recently, topics include Bston's Big Dig / Big Siv, Chicago Skyway,
and Toronto's 407ETR.

Posted by omor at 02:18 AM | Comments (0)

November 01, 2004

Tradesports' 2004 US Presidential election hourly data

Tradesports' 2004 US Presidential election hourly data.

Kerry +2.5 % on 2004 Nov 01 !