such as a Ph.D. or a master's degree. The typical entry-level education for an economist is a master's degree, although some government jobs are open for those with a bachelor's degree. Second, economists typically develop an area of specialization where they focus their research...
An economy is a complex system of interrelated production, consumption, and exchange activities, which ultimately determine how resources are allocated among participants. The production, consumption, and distribution of goods and services combine to fulfill the needs of those living and operating within ...
Market Value Danielle Hale, chief economist for real estate information company realtor.com, explains that market value is based on the expectation that the property would sell during the period the value is calculated. “When people think about home values, they often mean, ‘Thi...
“PE ratio” may sound technical, but it’s really just a comparison of how the public feels about a company (its stock price) and how well the company is actually doing (its EPS). The reading (and its inferences) can also be applied to market indexes, such as the S&P 500, Dow Jon...
David Ricardo started out as a successful stockbroker, making $100 million in today's dollars. After reading Adam Smith’s "The Wealth of Nations," he became an economist. He pointed out that significant increases in the money supply created inflation in England in 1809. This theory is known...
far ahead of publication. Brad Delong’sSlouching Towards Utopia: An Economic History of the 20th Centurywill be published mid-month. A week or so later – and it can also be pre-ordered now – is Jacob Soll’sFree Market: The History of an Idea. So I’ll write about the latter ...
It depends on your definition of AGI, right? AGI isn’t the singularity. The singularity is an exponentially recursive self-improving system that very rapidly accelerates far beyond anything that might look like human intelligence. To me, AGI is a general-purpose learning system...
“You have to remember with the dot plot that this is, in many ways, officials’ base case scenario — if everything unfolds the way they expect,” says Sarah House, managing director and senior economist at Wells Fargo. “More than anything, it’s changing very rapidly.” Why the dot ...
“Capitulation”, the last phase of a rout, can seem like a sort of mania Jun 30th 2022 Looking back, it is easy to think of stock market crashes as abrupt shocks. And some of the most dramatic of them were indeed abrupt. At the onset of the covid-19 pandemic, the s&p 500 index...
The concept behind "rentvesting" is that an individual rents their primary residence in one city and then buys an investment property somewhere else that they let out as a short- or long-term rental, according to Danielle Hale, chief economist at Realtor.com. ...