Sunday , October 20 2019
Home / Brad Delong, Berkeley
The author Bradford DeLong
Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

Brad Delong, Berkeley

Brad DeLong's Grasping Reality 2019-10-18 18:58:05

Wikipedia: Ragnar Lodbrok https://en.wikipedia.org/wiki/Ragnar_Lodbrok: "According to traditional sources, Ragnar (possibly as a literary composite) was: (a) married three times, to the shieldmaiden Lagertha, the noblewoman Thóra Borgarhjǫrtr and Aslaug (also known as Kráka, Kraba), a Norse queen; (b) the father of historical Viking figures including Ivar the Boneless, Björn Ironside, Halfdan Ragnarsson, Hvitserk, Sigurd Snake-in-the-Eye, and Ubba; (c) captured by King Ælla of Northumbria...

Read More »

On the Word “Growth”…

"Growth" is a word borrowed from the Norse groði, the process of vegetation becoming green and becoming larger. In the later 800s, you see, England was invaded by an army of Danes. This Great Heathen Army's leaders wanted to avenge the execution by being thrown into a pit of poisonous snakes of their father Ragnar Lothbrok—Ragnar "Furry Pants", supposedly because he had successfully fought a giant snake while wearing furry pants that the snake could not bite through. The sons of Ragnar...

Read More »

Danelaw – Wikipedia

Wikipedia: Danelaw https://en.wikipedia.org/wiki/Danelaw#Establishment_of_Danish_self-rule: "as recorded in the Anglo-Saxon Chronicle, is a historical name given to the part of England in which the laws of the Danes held sway[2] and dominated those of the Anglo-Saxons. Danelaw contrasts with West Saxon law and Mercian law. The term is first recorded in the early 11th century as Dena lage. Modern historians have extended the term to a geographical designation. The areas that constituted...

Read More »

Brad DeLong's Grasping Reality 2019-10-18 15:53:41

Comment of the Day: Meno https://www.bradford-delong.com/2019/10/eg-a-growing-problem-in-real-estate-too-many-too-big-houses-wsj.html: "Occasionally you post something like this that reminds us how foreign the USA is to some of us. Mansions, that we get. Rock stars and film moguls need to live somewhere, with their minders, crew, and hangers-on. 2,000 square foot “shacks” at the beach that stand empty most of the year-sure. Lawyers’ families gotta go somewhere on the weekend to take the...

Read More »

Brad DeLong's Grasping Reality 2019-10-18 15:52:15

Comment of the Day: Maurits Pino https://www.bradford-delong.com/2019/10/eg-a-growing-problem-in-real-estate-too-many-too-big-houses-wsj.html: "Housing & life cycle needs are badly adjusted. We either need to move more or have a better functioning rental market. Small kids: Need: a garden. Get: apartment/too small house. Big kids: Need: mobility for the kids (city centre/public transport). Get: a house with a garden. Post kids: Same as previous but smaller. Time for music, cinema etc....

Read More »

Brad DeLong's Grasping Reality 2019-10-18 13:25:22

Very Briefly Noted 2019-10-18: USGS: M 4.5 - 1km SSE of Pleasant Hill, CA https://earthquake.usgs.gov/earthquakes/eventpage/nc73291880/oaf/commentary: "2019-10-15 05:33:42 (UTC)37.938°N 122.058°W 14.6 km depth... Cosma Shalizi: 36-401, Modern Regression http://www.stat.cmu.edu/~cshalizi/mreg/15/: "This course is an introduction to the real world of statistics and data analysis. We will explore real data sets, examine various models for the data, assess the validity of their assumptions,...

Read More »

Brad DeLong's Grasping Reality 2019-10-17 22:29:42

260,000 people in Buncombe County, NC—Asheville. That is 60,000 households, low which perhaps 40 are in the nationwide top 0.1% with an income of 1.6 million a year or more. That is, I am told, the range in which one should perhaps start thinking about whether one wants an 8,000 square-foot house as one of one's items of conspicuous consumption. And such things sell slowly. So the thing that amazes me is not that the inventory of houses priced at more than two million in Asheville is...

Read More »

Brad DeLong's Grasping Reality 2019-10-17 22:28:37

Sandy Li: ‘Golden Week’ Property Sales Plunge in Major Chinese Cities Amid Slowing Economy, Tight Mortgage Conditions https://www.scmp.com/business/article/3032030/golden-week-property-sales-plunge-major-chinese-cities-amid-slowing: "Sales of new homes in Beijing dropped to their lowest level since 2014 during the week following the National Day holiday. The seven-day holiday is traditionally a peak period for home sales.... Sales of new homes in Beijing dropped to their lowest level...

Read More »

Brad DeLong's Grasping Reality 2019-10-17 22:26:27

BREXIT!!!!!: Hugh Mannerings: " I'm not saying there wasn't a Democratic mandate for Brexit at the time. I'm just saying if I narrowly decided to order fish at a restaurant that was known for chicken, but said it was happy to offer fish, and so far I've been waiting three hours, and two chefs who promised to cook the fish had quit, and the third one is promising to deliver the fish in the next five minutes whether it's cooked or not, or indeed still alive, and all the waiting...

Read More »