Finance PhD, Chair of Finance and Innovation & Professor of Finance @UNMEllis. “Ball of Fire.” Aguas que van, quieren volver. Opinions are my own.
Santa Fe, NM
Joined March 2010
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Reilly White retweeted
This is a rough September inflation report.
-Biggest monthly jump since May
-Higher than expected inflation AND core inflation
-Core Inflation for the past 3 months is running at well over a 3% annualized pace...that's problematic
-Inflation (3.7%) totally wiping out wage gains (3%)
Yes, high gas and diesel prices are the major driver, but also big jumps in airfares, used car prices, recreation, medical and apparel. The energy shock is spreading.
An understated fact about NM is how relatively cheap our utilities are.
Hawaii has highest utility costs in America at 83.5% above national average, followed by Alaska (+48.4%) and Massachusetts (+43.9%); all six New England states rank in top 10 for utility costs, reflecting region’s reliance on imported fuels and constrained pipeline capacity; Idaho has cheapest utilities at 26.6% below average, followed by New Mexico, Montana, and Nevada
@VisualCap
Reilly White retweeted
New Mexico could see increase in revenue ahead of upcoming legislative session but projections remain volatile krqe.com/news/politics-gover…
T.J. was an extraordinary journalist & producer, and one of those rare people who made every conversation richer than it began. We shared countless interviews, emails, and texts on economics & policy. He was a truly remarkable human being, and we are all poorer for his passing.
Friends and colleagues remember T.J. Wilham as a big-hearted, meticulous reporter who gave everything to every story. abqjournal.com/news/an-excep…
Reilly White retweeted
Is the US homeownership rate 65%?
Or is it actually 53%?
The Minneapolis Fed just released important research that rethinks our understanding of the US homeownership rate.
The US Census rate of 65% measures the percent of homes that are OWNER OCCUPIED.
That metric doesn't work well in this era where adult children increasingly live with their parents.
The Minneapolis Fed looks at what % of the adult population owns a home. "HPOP"
That number is much lower -- only 53%.
Important read: minneapolisfed.org/article/2…
This is a fantastic read, and articulates succinctly the points I try to make during my talks: our housing problem is a failure to let markets work. When we centrally plan scarcity, we shouldn't be surprised when prices ration opportunity (and faith in capitalism erodes)
To most people “capitalism” is just the name for the status quo so the badly broken housing status quo facing young people discredits capitalism in their eyes — we need to actually fix this and not just explain that socialism won’t fix it.
slowboring.com/p/to-save-cap…
Reilly White retweeted
The Economist's new BBQ Index tracks the prices of 10 American cookout staples across 25 cities, and this year's results are not good.
The grocery basket now costs $81, which is 12% more than a year ago and "the fastest annual increase in a decade"
Reilly White retweeted
Great piece, with striking figures.
In states that raised minimum wages, pay has gone up -- but there has been no effect on the number of jobs.
Reilly White retweeted
New Mexico projects $850 million revenue increase from high oil prices krqe.com/news/new-mexico/new…
Reilly White retweeted
BREAKING: California health sciences administrator Steve Goldstein will succeed Garnett Stokes as president of the University of New Mexico. abqjournal.com/news/unm-name…
Reilly White retweeted
In recognition of a $30 million gift from James and Gail Ellis, the Anderson School of Management will be renamed The James and Gail Ellis School of Business Leadership. This is the largest philanthropic gift from an individual or couple in @UNM history. news.unm.edu/news/university…
After winning the Reilly White Award for Exceptional Financery three out of the last four years, I can assure you that my awards were pre-validated by both the Reilly White Council and the Société française des reillys (SFR)
French professor investigated for awarding himself fake prize bbc.in/4tnUTui
Reilly White retweeted
March 2026 was *by far* the hottest in New Mexico's recorded history - 4.4º warmer than the previous record. The statewide average March temperature has never been above 51.2º and this year was 55.6º. It also tied for the 2nd driest March on record.
#NMwx
Reilly White retweeted
In the last 20 years, the share of tenured Harvard professors who keep working after they turn 74 has increased from 3% to 43%, according to the Crimson.
(via @StefanFSchubert's fantastic newsletter)
Reilly White retweeted
New paper: US tariffs on Chinese solar panels caused 1) Chinese firms to relocate production to countries not subject to the tariffs; 2) higher solar panel prices in the US; 3) a decline in employment & wages in the US solar industry;. & 4) net US welfare losses cepr.org/voxeu/columns/beyon…
One year (and 191 counties) later, I’m up to 2,028 counties visited - only 1,116 left!
Reilly White retweeted
Such an impressive paper
Recently accepted by #QJE, “Marginal Returns to Public Universities,” by Jack Mountjoy: doi.org/10.1093/qje/qjaf055
