Curious CapitalistAsia
Is Japan now officially in bear market? It’s a question being asked by many investors today, given that the Nikkei closed yesterday 20 percent down from a recent high on May 22nd. The market was up slightly, by 1.9%, on Friday, but mainly off the back of bargain buying. In technical terms, a 20 percent drop is often labeled a bear …
Overconfidence gets a bad rap among economists, and, it seems, for good reason. Overconfidence leads workers to overinvest in the companies they work for (putting both their employment and their retirement savings at risk if …
A recent study suggests that there’s at least one upside for the millions of beleaguered older Americans among the nation’s long-term unemployed: Unlike their working peers, retirement — officially calling it quits –actually …
A new report shows the that financial education movement is losing momentum. Fewer states are requiring coursework. In some, they’ve stopped teaching economics at a time when economics is on the front page almost daily.
I’ll cost you big bucks (Photo: Getty Images)
Children, it appears, are more expensive than we thought.
We all know about diapers and formula (or a breast pump) and eventually college. But a pair of recent studies suggest that having babies might cost more than we thought. It’s not just that your expenses go up when you have a kid. …
Attack of the Clones
To the best of my knowledge, no where among the nearly 2,300 pages that is the Dodd-Frank Wall Street Reform and Consumer Protection Act and the hundreds of proposed new regulations is there anything restricting human cloning. And that, it turns out, might be a bad thing.
Recently, a nearly decade old paper on the …
One of the big reasons people argue against raising taxes for the richest Americans is that higher taxes make people less inclined to work. The result is that raising taxes at some point doesn’t raise any more tax income for the government. This is in effect the famous Laffer Curve.
I’m not sure I believe that. I think people, …
What should be the top tax rate for America’s wealthiest citizens? I recently wrote a post arguing why we should think about raising tax rates for the super wealthy. This evoked a range of responses from commenters. tnnumbers wrote:
As others have mentioned, the wealthy no longer limit their investments to America, so even taking into
…
Last March we all thought the world economy—not to mention our cherished lifestyle —was headed for the trash basket. The stock market had plunged, retirement plans were ruined, and few people cared that equities looked dirt cheap. But here we are one year later and the stock market is up 68%, rampant fear has morphed into uneasy …
How much does a snow storm cost? Every year, on days like the one we are having today on the East Coast and in the Midwest (according to this map 63% of the United States is covered in snow today), economic forecasters try to estimate the impact of all the white stuff falling from the sky. The numbers are always huge. And they are always …
I’ve gotten a few messages from friends and strangers this week telling me that they think I should have been harder on Paul Krugman for not mentioning my book in his big NYT Mag essay on “How Did Economists Get It So Wrong?” Now don’t get me wrong—I really wish he had brought up The Myth of the Rational Market in his article, because …
In an earnest attempt to join the 21st century, two professors in Harvard’s economics department created a video welcoming potential students to its program. The result: brilliant, if unintentional, comedy for the masses, courtesy of YouTube.
Professors John Campbell and Ed Glaeser sit shoulder to shoulder before a wood-paneled wall. …
