Posts filed under “Credit”
This week, the New York Times launched The Upshot, combining aspects of the Washington Post’s Wonkblog with Nate Silver’s 538. Edited by Pulitzer Prize winner and former economics columnist David Leonhardt, we linked to the inaugural piece “America’s Middle Class Is No Longer the World’s Richest.”
This morning, I want to direct your attention to another nice Upshot column, this time, by Neil Irwin: `Why the Housing Market Is Still Stalling the Economy.” I like the column, which tries to explain why the housing market is still soft. It does a nice job of combining history, demographics, current sales data and charts.
Irwin focuses on two areas: Residential overbuilding during the boom and a lack of new household formation since the bust. You probably recall the massive new home construction during the boom; economist David Rosenberg has pointed out that we are still at levels of new home construction and sales that are associated with the bottoms of prior recessions.
Source: Calculated Risk
A New Idea on Bank Capital Hamid Mehran and Anjan Thakor Liberty Street Economics April 07, 2014 How does any firm decide on its capital structure—how much equity (capital) to use, how much debt? And what does research tell us about why banks have so much more financial leverage than other firms? How…Read More
Have the Government-Sponsored Enterprises Fully Repaid the Treasury? Larry D. Wall March 2014, Atlanta Fed Have U.S. taxpayers been fully compensated for their bailout of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac? The Treasury is reported to have argued that “the value of Treasury’s commitment to the GSEs was “incalculably large,’”…Read More
Do “Too-Big-to-Fail” Banks Take On More Risk? Gara Afonso, João Santos, and James Traina Liberty Street Economics, March 26, 2014 ~~~ This post is the fourth in a series of thirteen Liberty Street Economics posts on Large and Complex Banks. For more on this topic, see this special issue of the Economic Policy Review….Read More