Basel III Endgame will have ‘unintended consequences’ for every corner of the economy, top economist Randall Kroszner warns – Uptrends

Basel III Endgame will have ‘unintended consequences’ for every corner of the economy, top economist Randall Kroszner warns – Uptrends

  New banking regulations don’t typically generate much interest from the general public. Basel III Endgame (B3E) is a bit different—and it’s not just the catchy, Marvel-esque nickname that’s drawing attention. The nation’s top bankers—as well as numerous conservative lawmakers, industry associations, and lobbyists—have pushed back against B3E, arguing it will be costly for consumers … Read more

When will home prices stop accelerating? Fortune 500 economist calls peak – Uptrends

When will home prices stop accelerating? Fortune 500 economist calls peak – Uptrends

The housing market has been all but impossible to crack for many buyers the past two years. The coupling of mortgage rates and home prices being on the rise made the thought of buying a house painful—and, for sellers, losing their sub-3% mortgage rates from the pandemic made it nearly unbearable to let go of … Read more

What did Elon Musk say about underpopulation: MIT economist on AI – Uptrends

What did Elon Musk say about underpopulation: MIT economist on AI – Uptrends

The robot jobpocalypse is already here, if you listen to media reports. Big Tech companies are beefing up their AI division while cutting jobs everywhere else; and AI has been directly blamed for at least 4,600 job cuts last year, with experts predicting the ultimate fallout could number in the millions of workers. But Elon … Read more