November 2014 Conference Board Employment Index Improves. But the Rate of Growth Decelerates Slightly

December 8th, 2014
in aa syndication, employment

Written by

The Conference Board’s Employment Trends Index – which forecasts employment for the next 6 months – again strengthened. The index has improved now for 11 months. However, the rate of growth slowed.


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Meta-Analysis and the Aggregation of Chaos

December 7th, 2014
in macroeconomics

Fixing the Economists Article of the Week

by Philip Pilkington

Did you know that if you are male and eat beans every Tuesday morning at exactly 8.30am you are more likely to marry a supermodel? No. That’s not true. I just made that up. But I hear of statistical studies in the media that sound only slightly less ridiculous all the time. Often these have to do with diet, sexual psychology or… economics.

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Lame Ducks

Age of Wisdom, Age of Foolishness (53)

Written by ,

“Be vewy, vewy quiet.”

The Republican success, in the US Midterm elections, cast a long shadow over the global geopolitical landscape. The American Middle Class (asset poor) shot themselves in the foot, by refusing to vote; in a fit of anger that President Obama has not delivered for them economically. In doing so they left the door open, for those with employable skills and asset portfolios, to vote and make sure that President Obama (and Janet Yellen and Jacob Lew) cannot rob them in order to reward the Middle Class. The next emotional outburst of the American Middle Class, which will be more pecuniary in nature, must now wait until the Presidential election.

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High Marginal Tax Rates on the Top 1%

by Fabian Kinderman and Dick Krueger 

Appeared originally at

Optimal tax rates for the rich are a perennial source of controversy. This column argues that high marginal tax rates on the top 1% of earners can make society as a whole better off. Not knowing whether they would ever make it into the top 1%, but understanding it is very unlikely, households especially at younger ages would happily accept a life that is somewhat better most of the time and significantly worse in the rare event they rise to the top 1%.

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Ying and Yang of Trade: Global Recession Risk Caused By Slowing Economies Coupled With the Decline in Oil Prices

December 6th, 2014
in aa syndication, weekly economic summary

Written by

There is a ying and yang in trade. Major exporting countries are generally major importing countries. Most analysis centers on exports - and therefore misses the big picture in our globalized trade world.

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