'Carpe Diem, Quam Minimum Credula Postero'

'Seize the day, Trusting as little as possible in the future'


Recent Stories
Jeanna Smialek: North Carolina’s Furniture Hub Is Booming. What Comes Next?

11/27/21 03:38PM - HICKORY, N.C. – The furniture capital of the state is ground zero for inflation, labor shortages, hot demand and limited supply. It’s debating how to cope. Six months into the coronavirus pandemic, as millions of workers lost their jobs …more…

Jeffrey Frankel: Not That Seventies Inflation

11/26/21 08:35AM - CAMBRIDGE – In contrast to the stagflationary 1970s, the US recovery since the pandemic-induced recession has been strong, whether judged by GDP or labor-market indicators. Today's economic conditions therefore recall the late 1960s, another …more…

Peter Wallison: The Housing Gang Is Getting Back Together for Another Bust

11/25/21 04:31PM - Fan and Fred will buy mortgages up to $1 million, repeating the mistakes that led to the 2008 crash. When the Supreme Court ruled last year that President Trump’s director of the Federal Housing Finance Agency could be removed without cause, many …more…

Michael Spence: Lessons from Digital India

11/25/21 09:36AM - MILAN – Over the past five years, India's mobile-internet and digital-services ecosystem has grown rapidly, owing to the pioneering efforts of large private-sector players. Although this industry-led growth is somewhat unusual, it offers a …more…

Veronique de Rugy: This Thanksgiving, I'm Grateful for America's Generosity and Unprecedented Charitable Giving

11/25/21 07:00AM - The unique civic and economic role of voluntarism and charity has been a core part of American culture for centuries. Thanksgiving is a time for reflecting on all those things for which we are grateful. It seems particularly important now at the …more…

Kenneth Rogoff: Biden's Wise Fed Choice

11/25/21 06:21AM - CAMBRIDGE – To reappoint US Federal Reserve Chair Jerome Powell, President Joe Biden had to resist strong pressure from the left wing of his party for a shake-up. By choosing continuity, Biden accomplished several things at once. Give US …more…

Economic Results
New Home Sales in October 2021 at annual rate of 745,000

11/24/21 10:00AM - New Home Sales
Sales of new single‐family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. …more…

University of Michigan Consumer Confidence declined in November to 67.4

11/24/21 10:00AM - Consumers expressed less optimism than any other time in the past decade, including more negative prospects for their own finances as well as for the overall economy, according to the University of Michigan Surveys …more…

3Q2021 GDP preliminary estimate increased 2.1%

11/24/21 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the third quarter of 2021 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased …more…

October 2021 New Orders for Durable Goods decreased 0.5%, Ex-Trans up 0.5%

11/24/21 08:30AM - New Orders
New orders for manufactured durable goods in October decreased $1.2 billion or 0.5 percent to $260.1 billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed a 0.4 percent September …more…

Weekly Initial Unemployment Claims decrease 71,000 to 199,000

11/24/21 08:30AM - In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week's revised level. This is the lowest level for initial claims since November 15, 1969 when it …more…

Personal Income Increased 0.5%, Spending Increased 1.3% in October 2021

11/24/21 08:30AM - Personal income increased $93.4 billion (0.5 percent) in October according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $63.0 billion (0.3 percent) and …more…

Purchase Apps up, Refi's up in Latest MBA Weekly Survey

11/24/21 07:00AM - Mortgage applications increased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 19, …more…