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Dan Alpert's Two Cents

The “Recovery” in U.S. Housing Prices

Post-Crisis Supply Constraints and Prevailing Mortgage Interest Rates have Severely Exaggerated True Demand and Distorted Prices. Housing prices have recovered over 54% of their dramatic 33% decline from peak 2006 levels to their nadir in early 2012. Yet underlying data indicates that the price recovery is not a recovery in the demand for owner-occupied homes. [...]

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Emerging Markets

BRICS Apart as Oil Prices Plunge

The oil price plunge since last June has been deemed, overall, as a boon for the global economy. However, that depends on where one stands as a producer or user, as illustrated here with the divergence of impacts on BRICS economies. Lower oil prices have come for long  Brent crude oil prices fell to US$45 [...]

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Trending Topic

How Robust is the U.S. Recovery?

The U.S. appears to have decoupled from an uncertain global growth environment. What is going on under the hood of its economic engine?

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Thoughts From Across the Atlantic

Trends and Cycles Across Industries in the U.S. Economy

In an earlier post, (2013) we discussed the long term decline in the share of manufacturing in the US economy. In this post, we will analyze the relationship between long-term structural changes and transitory shocks that have taken place in the US economy since World War II. Total GDP has increased by a factor of [...]

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Modern deflation seems more related to a structural weakness in domestic demand and investment associated with shifting demographic dynamics than it is to ongoing debt deflation.

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Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms