Houses getting cheaper by the minute

That’s the positive spin. The latest S&P/Case-Shiller home-price numbers (pdf) are out. I may put together a pretty chart later, but I’ve got a column to write today. The headline is that the national home price index, which they only calculate once a quarter, is down 14.1% for the year ending in March. That’s, um, [...]

Central banking on the subcontinent

Lest I appear ungrateful for Justin’s invitation to post at will, I should mention that I’ve been in India for the past two weeks. I was there for a friend’s wedding, though macroeconomics was never far from my heart. Wholesale inflation (India still doesn’t use consumer prices) has jumped over the past few months and [...]

A mustache interview

For reasons I’m not entirely clear on, the May Monthly Mustache Interview at the American Mustache Institute website is with me. As for why it is only now, with just a week left in May, appearing online, I am entirely clear on that: I was embarrassingly slow about answering the questions. Anyway, the AMI interview [...]