Economics, Society

Beneath The Auto Loan Credit Boom: A Bad Omen?

There is a fascinating post on the NY Fed’s “Liberty Street Economics” site by Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw on the recent increase in auto loan origination . Normally, this would be pretty dry, technical stuff. This time, though, the data was interesting for two reasons, First, because it noted an […]

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Economics, Society

Tim Harford: Why Inequality Matters

There is an excellent commentary on inequality by Tim Harford, who writes the “Undercover Economist” blog for FT. It’s good to see this troubling issue continue to get attention, and this is a balanced argument for why this must be a priority for us going forward. As Harford notes: In a well-functioning market, people only […]

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Banking, Books, Economics, Finance, Society

Recent Read: “The Unwinding” by George Packer

Bottom line: American society is experiencing economic disintegration, driven by selfishness and a disregard for the fundamental rule of law. Rating: Must (if depressing) Read  The book jacket off George Packer’s The Unwinding says that the book is a profile of “a superpower in danger of coming apart at the seams.” After finishing this sweeping and […]

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Society

Brazil and the Impact of Economic Risk Cost

The headlines have been full of stories of the recent rioting in big cities across Brazil in the past week. Some estimates say that over one million people have taken to the streets to protest government corruption. They also claim to be upset over the way in which the Brazilian government found ways to spend […]

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Economics, Society

Why The American Consumer Is Not OK

Stephen S. Roach, formerly of Morgan Stanley Asia and now at Yale’s Jackson Institute of Global Affairs, has a timely piece on Project Syndicate explaining his view that any news of a recovery for US consumers is hype and not supported by the data. Roach’s analysis suggests to him that the typical post-recessionary release of […]

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Economics, Society

Need a Kidney? There’s an App For That

Mike Lacher has an interesting post on the Timothy McSweeney blog, in which he presents an pitch for a new app that will allow you to bypass (no pun intended) “old medicine” and crowd-source a new organ, should you be unfortunate enough to need one. The app’s developers do a good job of explaining just […]

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Manufacturing, Society

Product > Process, But For How Long?

There was an interesting post on the Project Syndicate blog recently about a new Oxfam effort to provide consumers transparency into how global food producers create their products. “Oxfam,” notes the author Peter Singer, “launched a campaign called “Behind the Brands.” The goal is to assess the transparency of the world’s ten biggest food and beverage companies […]

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