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[The Weekly Standard Blog] Mark Zandi of Moody's Economy.com reckons that the underlying need for housing (new households, destruction of older homes) totals about 1.85 million units a year. Meanwhile, home and apartment construction is running at only about 600,000 a year.

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[The Market Oracle] Financial Markets Second-Guessing the Fed :: The Market Oracle ...: "The Fed won't start raising interest rates until the unemployment rate has peaked and started coming back down," reckons Mark Zandi, head of Moody's Economy.com. He believes US unemployment - currently at 5.1% - will climb to 6% before .

[Grasping Reality with Our Minions, Our Machines, and Our Mental Powers] Ten Pieces Worth Reading, More than Half Economics: February 19 ...: Among the second-order differences are these, and you can see how he ends up with the "roughly offset" conclusion: (i) Cap-and-trade runs the risk that the cap will be set at the wrong place and so the price will go damagingly above its social optimum value. (ii) Carbon taxes run the risk that the tax will be set too low and so the quantity emitted will go damagingly above its social optimum value.

[The Macro View Blog RSS | MoneyWatch] Should Congress Extend the Tax Credit for Home Buyers? - CBS ...: Mark Zandi, economist at Moody's economy.com, thinks the credit should not only be renewed but also expanded to $15000. He reckons this would increase 2010 home sales by 600000.

[Corrente] Loan modification plan backfiring | Corrente: From its inception, the Obama plan has drawn criticism for failing to compel banks to write down the size of outstanding mortgage balances, which would restore equity for underwater borrowers, giving them greater incentive to make payments. (Mark it to market, boys) A vast majority of modifications merely decrease monthly payments by lowering the interest rate.

[The 5 Min. Forecast] Goldman Shorts Gold, the National Debt's Biggest Threat, The ...: “Not long ago,” the article concludes, “it actually looked like the national debt could be paid off ”” in full. In the late 1990s, the bipartisan Congressional Budget Office projected a surplus of a $5.6 trillion over 10 years ”” and calculated the debt would be paid off as early as 2006.

[Gold News - Gold Market Analysis & Gold Investment Research] The War Between Debt & Recession | Gold News: reckons Jorgen Elmeskov, chief economist at the Organization for Economic Co-Operation and Development (OECD). Indeed, if inflation picks up - and it just hit 3.0% in Europe, despite the surging Eurozone currency - he thinks it would be "necessary to pay a price in terms of lower activity in the short-term"

[MoneyWeek - RSS - Investing articles] Should America's car-makers be bailed out? - MoneyWeek: One in ten American jobs is supported by the car industry, so GM collapsing "would be bigger than Lehman Brothers", says Kevin Tynan of Argus Research. And because the car industry's employees are among the best paid in America, the elimination of one car worker takes out the purchasing power of 1.7 averagely remunerated jobs, says the Economic Policy Institute's Robert Scott.

[Stateline.org RSS - Recession & Recovery] MinnPost - The big question for economic recovery: Which stresses ...: To date, most of the benefits from the stimulus plan have gone to state and local governments to pay for Medicaid and educational programs and expanded unemployment insurance benefits. This stimulus is defensive””it helps forestall draconian cuts in government services or tax increases that would have otherwise occurred.

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