Quotation of the Day…

… is from page 26 of Thomas Sowell’s slim yet significant 1981 volume, Markets and Minorities (original emphasis): Economics takes as axiomatic the proposition that more of anything is demanded at a low price than at a high price. Discrimination is no exception. A pair […]

Is all that extra money trapped in high asset prices? (no)

That is the topic of my latest Bloomberg column. Here is one bit: The hypothesis is that a lot of this new money got funneled into asset price markets, rather than being spent on goods and services. Measured rates of price inflation for consumer goods […]

UK to fast track drug trials

Drugmakers will be offered fast-tracked approvals for innovative medicines in the UK as ministers seek to build on the country’s world-leading approval of a Covid vaccine and attract life sciences companies to invest post-Brexit. The UK’s medicines regulator will become independent of EU pharmaceutical rulemaking […]

Emily Oster: “I Am a Woman Who Is Prominently Discussing Vaginas.” (People I (Mostly) Admire, Ep. 17)

Stitcher Apple Podcasts Google Podcasts RSS Feed Spotify Latest Posts Emily Oster: “I Am a Woman Who Is Prominently Discussing Vaginas.” (People I (Mostly) Admire, Ep. 17) In addition to publishing best-selling books about pregnancy and child-rearing, Emily Oster is a respected economist at Brown […]

Funding and reserving Canterbury earthquake insurance claims

Rober Cole of RBNZ on this analysis notice: The 2010-11 Canterbury earthquakes are by far the costliest insurance coverage occasion in New Zealand’s historical past with estimated property insurance coverage claims prices of round $38 billion, and stay one of the important globally. The Funding […]

Vaccine markets in everything

The German national carrier Lufthansa plans to set up a first class “Corona Lounge” in a Moscow airport for rich patrons from other countries to fly into the Russian capital and get the Sputnik V vaccination without ever entering the country, bne IntelliNews can reveal. […]

Succinct Summation of Week’s Events 2.26.21

Succinct Summations for the week ending February 26th, 2021 Positives: 1. Covid infection rate plummets 72% as USA appears to be closer to herd immunity.2. FHFA House Price Index rose 1.1% m/o/m, above expectations.3. Jobless claims fell 111k w/o/w from 841k to 730k.4. New home […]