I sometimes hear that nobody ever dies wishing he had spent more time at the office. I bet that plenty of people die regretting the things they could have accomplished but didn't. Like, a guy who thought about making a
Folks are often surprised when I tell them that today's young people have a really bright future. It turns out that they also have a really bright present. Mark Perry at the fabulous Carpe Diem blog has put together this
Larry Summers recently wrote in the Washington Post: On the current policy path, it would be surprising if growth were rapid enough to reduce unemployment even to 8.5 percent by the end of 2012…. With growth at less than
If you do business in China, or contemplate doing business there, you should understand the controversy over the country's long-term future. In a nutshell, there's reason to doubt that China will continue to grow until it achieves the
Some of my posts will be showing up on the Oregon Business blog, which is a great way to find the latest business news about Oregon. My posts also show up frequently on Seeking Alpha and iStockAnalyst.
Harvard economics professor Greg Mankiw offers advice to entering college freshmen, which includes a great nugget: LEARN SOME STATISTICS High school mathematics curriculums spend too much time on traditional topics like Euclidean geometry and trigonometry. For a typical
The Washington Times published my commentary entitled, "Europeanization is no vacation: The federal budget deficit is making us poorer." Key point: expect higher tax rates, and thus lower economic growth, due to the budget deficit.
I've gotten several questions recently asking if consumer spending is being propped up by mortgage defaults, especially the "strategic mortgage defaults." My take is: yes, but just by a little bit. Here's the story. People who are forced to move
NPR, of all people, have a very funny show tune explaining how to make money betting against the American Dream. (Hat tip to The Big Picture.)
This recession has shaken people up, but what will be the lasting effects on consumer behavior? That's one of the key questions as we look forward at the nature of the recovery. I've been arguing for a "return to normalcy,"