The real estate bust in all its many colors, second installment

The new Case-Shiller house price numbers are out today, and as you’ve probably already heard, they’re ugly. But they can be made pretty, and I got so much attention from other blogs the last time Time.com graphics czar Feilding Cage and I did this chart that I figured I had to post the updated version. [...]

Economist Robert Hall sees “dark clouds,” but don’t go expecting him to declare a recession anytime soon

With all the recent talk of a looming recession, I figured I ought to check in with Stanford economist Robert Hall, chairman of the Business-Cycle Dating Committee of the National Bureau of Economic Research, the semi-official arbiter of when recessions start and end. I e-mailed: When everybody starts talking recession, as is this case now, [...]

The S&P 500, as seen from outside the dollar zone

With the news that the stock market is now officially in “correction” territory (it’s down 10% since October), I thought it might be interesting to check how bad things look if you adjust for the decline in the dollar. So I adjusted the S&P 500′s performance this year to reflect the value of the dollar [...]