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Existing-Home Sales Remain Range Bound; Inventory Remains Tight
Existing-home sales fell 1.3 percent in January and remain in a broad flat trend. Housing activity is unlikely to move significantly higher in the coming months.
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The Implausible Claims of Green High Finance
It is highly doubtful that having a central bank selectively buy outstanding debt with green labels would in any meaningful way contribute to a greening of the economy.
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Cuckoo for Marginalism
When I was a kid, I would ask my mother if she likes this cereal, that song, or this soft drink. She would often reply in her droll way: “I wouldn’t want a steady diet of it.” I came to conclude that this really meant that she didn’t like it. I was wrong. She was […]
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