A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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The West AustralianGerman business confidence drops on eurozone fearsThe Seattle TimesGerman business confidence dropped sharply in May, a closely-watched survey showed Thursday, as anxiety grows in Europe's largest economy over the increasing fina...
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New York TimesDiscord at Key JPMorgan Unit Is Blamed in Bank's Huge LossNew York TimesEver since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk management ...
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The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the...
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I got a chuckle from this article in the Economist: (Link)
For several years I have been pushing against all of the voices saying that it was essential that financial derivatives be banned or that their use be dramatically curtailed.
It isn’t tha...
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Tuesday, January 10, 2012
Fiscal Policy: Kind of a Drag
by CalculatedRisk on 1/10/2012 04:54:00 PM
Cardiff Garcia at the Financial Times Alphaville has posted a new graph from economist Alec Phillips of Goldman Sachs: Fiscal flailing, continued
CR ...
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Economist Gary Shilling sees a difficult year ahead for the U.S. and other global economies, and today he is out with his thematic outlook for 2012.
His report (h/t PragCap), which closely tracks his predictions made in 2011, runs the gamut and pai...
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Americans make up half of the world's richest 1%
NEW YORK (CNNMoney) -- The United States holds a disproportionate amount of the world's rich people.
It only takes $34,000 a year, after taxes, to be among the richest 1% in the world. That's for...
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Workers’ share of national income stands at 57 percent, an all-time lowDespite striking productivity growth, workers’ pay has gone nowhereThird-quarter profits were 19.4 percent above their pre-recession peak
Any economist will tell you that pr...
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Jobs, jobs, jobs: every politico and media-hack economist bleats about jobs, but few dare consider the fundamental reasons why jobs are scarce, and likely to get scarcer.
That the American and global economies are being transformed by the forces o...
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If you haven't heard of him, think of Steve Keen as the Nouriel Roubini of Australia: a vocal economist who pissed people off for predicting the recession before it happened, and is still pissing people off predicting further economic crisis.
In f...
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MANY of the world’s financial and economic woes since 2008 began with the bursting of the biggest bubble in history. Never before had house prices risen so fast, for so long, in so many countries. Yet the bust has been much less widespread than th...
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Housing prices in Australia, Canada and France, which had only a slight wobble in 2008 before climbing to new highs, look particularly frothy.
http://www.economist.com/blogs/dailychart/2011/11/global-house-prices
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This interview aired on Irish public tv on friday. This economist is laying it out there. A full-fledged run is underway in his opinion. The euro's heading for collapse and its unraveling FAST.
I did include a link below but its not displaying. Go...
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Germany's economy is slowing dramatically, an unwelcome turn of events that will put even more strain on existing fractures in the European Union (EU) as it struggles to cope with its ongoing sovereign debt crisis.
Last month a consortium of eight leading economic institutes slashed their forecast for...
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Most of the unemployed no longer receive aid
By CHRISTOPHER S. RUGABER
The Associated Press
Updated Nov 5, 2011 11:16PM
Washington • The jobs crisis has left so many people out of work for so long that most of America’s unemployed are no longer ...
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Euro zone Oct private sector slump flags recession
On Friday November 4, 2011, 6:50 am EDT
By Anooja Debnath
LONDON (Reuters) - Private sector activity in the euro zone shrank at its fastest pace in 28 months in October as the debt crisis sapped new ...
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Disgruntled American workers have yet another reason for pessimism: At the current rate of job creation, the U.S. unemployment rate will not fall back to "normal" levels - below 6% - until 2023.
Through most of this year the U.S. economy has managed to create about 119,000...
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October 14, 2011, 6:00 am
Make-Work and the G.D.P.
By UWE E. REINHARDT
Uwe E. Reinhardt is an economics professor at Princeton. He has some financial interests in the health care field.
Suppose some evening a group of bored and mischievous teenagers...
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MUCH as some businesses whine about government intrusion, others do pretty well out of it. An index based on the amount of lobbying that American firms do has outperformed the broader market since its creation in 2008; data going back to 1998 show t...
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ECRI: Not Quite A Recession Yet, But No Rebound Either
Also Sprach Analyst | Aug. 29, 2011, 5:23 PM
Lakshman Achuthan, the economist at Economic Cycle Research Institute (ECRI), has been rather accurately in the past for calling the major turning poi...
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If the economy falls back into recession, as many economists are now warning, the bloodletting could be a lot more painful than the last time around.
Given the tumult of the Great Recession, this may be hard to believe. But the economy is...
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WASHINGTON (AP) -- The economy expanded at meager rate of 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday.
The combined growth for the first six month...
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It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began i...
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The following is from economist Tom Lawler. He points out that the homeownership rate in April 2010 was significantly lower than previously thought. Tom also notes that the age adjusted homeownership rate was lower in April 2010 than in April 1990! ...
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