Archives: March 2007

In Praise of Subprime Mortgages

Posted by: Michael Mandel on March 29, Categories: Financial markets

Austan Goolsbee, an economist at UChicago, had a nice piece in today's NYT with the headline "'Irresponsible' Mortgages have Opened Doors to Many of the Excluded". He went on to...

A Race to the Top

Posted by: Michael Mandel on March 27, Categories: Trade

I've been reading a recent paper by David Dollar, World Bank Country Director, China and Mongolia. It's got a lot of good stuff in it, but here's something he wrote...

Startup School 2007

Posted by: Michael Mandel on March 26, Categories: Future

I spoke on Saturday to the Startup School, held this year at Stanford University. My second time at this, great fun , and I think they will be posting a...

The Real Stock Chart

Posted by: Michael Mandel on March 19, Categories: Financial markets

As I was working on my commentary this week, I constructed a stock chart the way it is supposed to be: 1) Total return on the S&P 500, rather than...

Subprime Borrowers are Suffering for Our Sins

Posted by: Michael Mandel on March 16, Categories: Financial markets

Anyone who is interested in understanding the subprime mess should read Peter Coy's story, "Under The Fed's Hammer How Fed rate hikes have turned into a regressive tax on weak...

Global Warming and Econ 101

Posted by: Michael Mandel on March 13, Categories: Teaching

I've added a chapter on the environment and energy to my textbook. I'm going to devote a fair bit of space to the economics of global warming and alternative energy,...

Why the Fed Should Consider Cutting Rates Sooner rather than Later

Posted by: Michael Mandel on March 12, Categories: The Fed

When faced with a budding financial crisis, the good central banker does a two-step dance. First, he (or she) staunches the bleeding, closing insolvent financial institutions, tightening lending standards, and...

Watch out for falling productivity?

Posted by: Michael Mandel on March 09, Categories: Macro

I just did a column for BW, where I argued that the continued fall in productivity growth is a bigger danger to the economy than a housing slump. Take a...

Magazine cover curse evaded--so far

Posted by: Michael Mandel on March 05, Categories: Financial markets

About four weeks ago I (together with my co-author David Henry) wrote a cover story for BusinessWeek entitled "It's a Low, Low, Low-Rate World: Why money may stay cheap longer...

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Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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