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Archive for December 5th, 2007

Hometown Unemployment

Wednesday, December 5th, 2007

The unemployment rate in the Idaho Falls/Blackfoot greater area is currently 1.4 percent (as of September). The data is courtesy of Economagic.com, a great site that compiles all sorts of interesting economic data. It is worth checking out. And, if you’re looking to relocate to a small western town with amazing trout fishing, frisbee golf, […]

Causes of the Subprime Fiasco

Wednesday, December 5th, 2007

I tutor a Principles of Macroeconomics class and today I helped some students prepare for a final exam question on the causes of the subprime housing meltdown. We discussed how the packaging and sale of securities on Wall Street provided the wrong incentives for banks granting loans. The tendency of appraisers to overvalue homes was […]