Fixing the Economists article of the Week
by Philip Pilkington
In my previous post I laid out why the Phillips Curve theory of inflation is wrong and why it was misguided to try to rebuild it. The key point I made in that regard was that inflation is a complex, multifaceted historical process and any attempt to reduce it to some abstract timeless law would always end in failure and confusion.
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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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This absolutely incredible performance by James Hogue, as Ethan Allen, speaks truth to power and is so relevant to today. His message crosses all ideological boundaries. You owe it to yourself to see the entire performance as Ethan Allen calls out the criminal syndicate that has taken over our government. Hat tip to Roger Erickson.
Infographic Of The Day: What It Would Be Like Living On The Moon
Life on the moon would be very different for explorers than life on Earth.
FOREX NEWS by DailyForex
Federal Reserve Chair Janet Yellen is in an unpleasant position these days facing a market uncertain of where it is heading in the near future.
Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded.
It may be counter-intuitive to consumers, but economists and central bankers believe that a little inflation in an economy is a good thing.
The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.
A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.
by William K. Black, New Economic Perspectives
This is the third column in what I intended to be my three-part series (see end of this article) about Citi"s most famous whistleblower, Richard M. Bowen, III. In this column I discuss Bowen and Citi"s senior (but not controlling) officers" presentations before the Financial Crisis Inquiry Commission (FCIC).
by Jeff Miller, A Dash of Insight
In the absence of real data it is easy and tempting to speculate. Unlike last week, the week ahead features an avalanche of data - more in both quantity and importance than we have seen in a month. With some recent significant reports showing economic improvement we expect a change of focus:
It is time for an economic spring thaw?
27Mar2015 Market Close: U.S. Averages Ended Session With Fractional Gains On Low Volume While WTI Oi
27Mar2015 Market Update: Markets Start Afternoon Session In The Green, U.S. Dollar Off Highs, WTI Oi
27Mar2015 Pre-Market Commentary: Markets Expected To Open Lower, Oil Prices Falling, U.S. Dollar Res
Written by Steven Hansen
Econintersect"s Economic Index now is indicating growth will be sluggish in April. Most tracked sectors of the economy are expanding - but now there is contraction in some data sets. The negative effects of the recently solved West Coast Port slowdown (a labor dispute which had been going on for months) and bad weather continues to be seen in much of the raw data - and it will be an economic drag on 1Q2015 GDP and into 2Q2015. It is difficult to differentiate these transient issues (weather and labor) from cyclic economic conditions - but one could argue that transient issues are the cause of economic cycles.