The Bowtie Economist's Daily Dose of 70-Word Wisdom


Money for Nothing

03/01/2012

In Europe, Mario Draghi, the head of the ECB, is flooding banks with a $1 trillion euros ($1.3 trillion) at 1% in an effort to recapitalize them and maintain liquidity. Many banks are using this money to buy sovereign debt…

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Greek Gamble

02/29/2012

The latest Greek bailout is shaping up as a race between a fast shrinking economy and better access to credit and lower interest payments that hopefully encourage private sector growth. The problem is absent rapid growth in exports and tourism,…

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Gas Up, GDP Down

02/28/2012

Every penny rise in gas costs the economy $1.8 billion/yr. With gas at $3.65, 40 cents more than a year ago, that’s a $72 billion tax. If prices rise another 40 cents, bringing the price within six cents of the…

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Baby, Baby

02/27/2012

New research shows that a 10% rise in house prices leads to a 1% decrease in births among non-homeowners, who must now save more and do so by delaying having kids. However, this negative effect is more than offset by…

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What is That Worth?

02/24/2012

The cost of noise: In NYC, a 500 sq ft studio near 70th and 2nd Ave. rents for $1,800 a month or $43/sq ft. But due to ongoing noise, dust and explosions from nearby subway work, the apartment now rents…

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$uper Bowl

02/23/2012

The Super Bowl was viewed by 111.3 million people and 47% of all households with TVs. While the number who watched set a record, the percentage figure was #12 all-time. The final episode of MASH which was viewed by 60%…

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Marriage: Losing its Appeal?

02/22/2012

Marriage rates have been falling for decades, especially among the lower classes. It’s because lower class women tend to work but lower class men don’t. Thus, these women find no economic gain from marrying. As these trends work their way…

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Casino Economy

02/21/2012

Gamblers bet more in ’11 than in ’10, the first increase since ’07. Through the first 11 months of ’11 revenues were up 2.3% to $32.6 billion. NV saw a rise of 2.8% to $10.7 billion but, the #2 casino…

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Going to the Dogs

02/17/2012

The Friday File: The most costly dog in the world, a Tibetan Mastiff, was recently sold for $1.5 million. Usually that breed (the 7th most expensive) sells for between 2K and 7K. The 3rd most expensive breed, the Samoyed, can…

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Recessionary Austerity

02/16/2012

The deep recession in Greece and the milder one in Portugal don’t matter to the overall performance of the euro-zone, as they are less than 5% of the area. They are, proof that during a recession repeated government spending cuts…

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