The State of the US Economy Lawrence Summers, The Brookings Institution. Summers draws a distinction between recessions caused by central banks putting on the brakes to slow inflation, versus ones created by stress in the credit markets due to overextension during asset bubbles. The latter take longer to resolve and are more difficult to treat. Summers also gives policy recommendations, including a big but short duration shot of fiscal stimulus.
Racehorse winning secret revealed BBC. No, you won’t get any betting tips. Another vantage on the perennial nature vs. nurture question.
He Was Passionate about His Borrowers Financial Armageddon
Housing prices: We’re in for it as it is! Accrued Interest. AI tries determining what housing prices “ought” to be and comes to some surprising conclusions.