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Wednesday, June 19, 2013

Daily Archives: May 23, 2012

Carpe Diem

More Evidence We’re Past the Housing Bottom

Mark J. Perry | May 23, 2012, 8:32 pm

There are more signs that the real estate market is stabilizing from the FHFA monthly house price index (HPI), which is calculated based on home sales price information from conforming Fannie Mae and Freddie Mac mortgages.  As Brian Wesbury et … read more >

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Carpe Diem

Animation of Energy Prosperity Spreading Across Pennsylvania As Horizontal Drilling Takes Off

Mark J. Perry | May 23, 2012, 7:01 pm

Black diamonds are conventional vertical wells and red diamonds are horizontal wells. Just out this afternoon from the EIA: “Between 2009 and 2011, Pennsylvania’s natural gas production more than quadrupled due to expanded horizontal drilling combined with hydraulic fracturing (see … read more >

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Carpe Diem

BPP@MIT Annual Inflation Rate Falls Below 2%

Mark J. Perry | May 23, 2012, 6:10 pm

The top chart above displays annual inflation rates based on daily online retail price data collected by the Billion Prices Project @ MIT, which just released data through April 30.  According to this real-time measure of major inflation trends in … read more >

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Politics and Public Opinion

Here’s how a Greek exit from the euro would affect the U.S. 2012 presidential election

James Pethokoukis | May 23, 2012, 4:42 pm

The last U.S. president to suffer a recession in his reelection year, Jimmy Carter, lost 44 states, grabbing just 41% of the popular vote. Few economists think the U.S. economy will start shrinking this year. Most are looking for growth … read more >

2
Economics, Taxes and Spending

More stimulus now, spending cuts later?

James Pethokoukis | May 23, 2012, 3:52 pm

Former Obama budget chief Peter Orszag: Additional stimulus is required because the labor market remains extremely weak. Delayed deficit reduction is also needed to reduce uncertainty over how the federal government will navigate its perilous fiscal path — and to … read more >

4
Foreign and Defense Policy, Middle East and North Africa

6 surprising facts about Iran’s regional influence

The Editors | May 23, 2012, 3:21 pm
1
Carpe Diem

Energy Stimulus: Shale Gas Saved Consumers $250 Billion and Created Thousands of Shovel-Ready Jobs

Mark J. Perry | May 23, 2012, 3:14 pm

Click to enlarge. The American Gas Association has just released a study titled “Identifying Key Economic Impacts of Recent Increases in U.S. Natural Gas Production.” Parts of the Executive Summary and Conclusion appears below.    Executive Summary: The recent success … read more >

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Politics and Public Opinion

Econ forecast model: Romney beats Obama by 4 points

James Pethokoukis | May 23, 2012, 2:46 pm

Citigroup is out with its new economic forecast for the rest of the year: Not too good. Sputter-speed growth of 2% and little progress on jobs. Now, if you take those numbers and plug them into the highly regarded election … read more >

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Carpe Diem

Leading Economic Indicators

Mark J. Perry | May 23, 2012, 2:44 pm

The Conference Board reported this week that its Leading Economic Indexes increased in France by 0.40% in March, in China by 0.8% in April, in Australia by 0.2% in March, and in Germany by 0.3% in March. 

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Carpe Diem

Ohio State Has 6.3 Full-Time Non-Teaching Employees for Every One Full-Time Professor

Mark J. Perry | May 23, 2012, 2:25 pm

From the NY Times article “Slowly, as Student Debt Rises, Colleges Confront Costs“:  “At a time of diminished state funding for higher education and uncertain federal dollars, Ohio State University president Mr. E. Gordon Gee [MP: Highest paid public-university college … read more >

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