Paper by Joe Long, Carlo Medici, Nancy Qian & Marco Tabellini. This paper investigates the economic consequences of the 1882 Chinese Exclusion Act, which banned immigration from China to the…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 3.6% year-over-year in October • Final Look at…
at Calculated Risk on 1/04/2025 08:11:00 AM The key report this week is the December employment report on Friday. Other key indicators include the November Trade Deficit and November Job…
Top of my list: Source: Kalshi, accessed 1/3/2025. Would this be bad news? Well, yes. But worse yet given the incoming administration. For proof, I have but one word: “bleach”.…
at Calculated Risk on 1/03/2025 09:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since…
at Calculated Risk on 1/03/2025 06:18:00 PM Wards Auto released their estimate of light vehicle sales for December: US Light-Vehicle Sales End 2024 With Long-Time High December, Q4 SAARs (pay…
JW Mason asserts that, in focusing on the real exchange rate, I’m on the side of relative prices being the primary determinant of flows. Here is one of the big…
at Calculated Risk on 1/03/2025 02:01:00 PM From Goldman: We left our Q4 GDP tracking estimate unchanged at +2.3% (quarter-over-quarter annualized) and our Q4 domestic final sales forecast unchanged at…
at Calculated Risk on 1/03/2025 10:37:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.3% Below 2022 Peak Excerpt: It has been over 18 years…
at Calculated Risk on 1/03/2025 10:00:00 AM (Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 49.3% in December, up from 48.4% in November. The employment…
