This graph(click on it for a larger view) from Jake at EconompicData.com doesn’t really need much embellishment. Just remember it the next time you hear the political class or the real estate lobby pontificating about the need to goose home purchases.

A couple of very good economists, Tyler Cowen and Kevin Grier, have published an important work that deserves everyone’s attention. They lay out a credible case for the end of football in the U.S. The most plausible route to the death of football starts with liability suits.1 Precollegiate football is already sustaining 90,000 or more concussions […]

Time to call an end to the blogging sabbatical. Let’s start with a look at what the flood of cash from central banks is creating. Today’s lesson comes courtesy of Ambrose Evans-Pritchard, who notes that the corporate bond market is on fire. “The credit market’s on fire,” said Suki Mann at Societe Generale. “We have […]