As expected, President Obama chose Austan Goolsbee as the new head of the White House Council of Economic Advisers. He is the replacement for the outgoing Christina Romer. Goolsbee, as AP reports today, “is already a central player on the Obama economic team, having served on the three-member economic council since the start of the administration. His relationship with Obama dates back to the 2008 presidential campaign, when he served as a senior economic policy adviser.”
Daily Archives: September 10, 2010
THE NEW PUBLISHING SCHEDULE FOR THE BETA INVESTMENT REPORT
FYI for my newsletter subscribers…
Starting in September, The Beta Investment Report is published in multiple editions throughout each month. Previously, the newsletter was published in single monthly editions. Issues sent to subscribers so far this month:
9 September 2010 (Vol. 2 No. 9.5) “ETF, ETN & Index Fund News”
8 September 2010 (Vol. 2 No. 9.4) “Fund Focus: Foreign Gov’t Bonds
In Developed Markets”
3 September 2010 (Vol. 2 No. 9.3) “Rebalancing & Bonds”
2 September 2010 (Vol. 2 No. 9.2) “Economic Review”
1 September 2010 (Vol. 2 No. 9.1) “Risky Assets Take A Hit In August”
HOUSING & THE GREAT RECESSION
Steven Gjerstad (presidential fellow at Chapman University) and economics professor Vernon Smith (also at Chapman) connect the dots between the housing market and the business cycle in a recent study. Unfortunately, they don’t like what they see in the current climate. As they explain in an op-ed in The Wall Street Journal that summarizes their research, “If there is no recovery in housing expenditures, confirmed by a recovery in consumer durable goods expenditures, then there is no economic recovery.” And in case you were wondering, there’s no housing recovery to speak of at the moment.