Econintersect: With three days to go the campaign to fund the comic book version of Steve Keen's "Debunking Economics" has received a major boost. A backer has pledged to add $2,000 for every 35 pledges received of $1 or more over the final three days of the Kickstarter campaign. It has been 11 hours since Econintersect posted the last news article on this project and the pledges have increased by more than $1,100 from 27 individuals. The total now stands at $20,216. Econintersect urges readers to make pledges, even if small. To get the pledges available from the backer needed to reach $35,000 some 200-300 additional pledges will be needed. Go to Kickstarter.
Of the four Federal Reserve districts which have released their November manufacturing surveys, all are forecasting growth. A complete summary follows. [note that values above zero represent expansion].
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.
- FACT CHECK: Obama's Claims On Illegal Immigration (Alicia A. Caldwell, Associated Press, Business Insider) Obama's generalizations continue to be misleading as to specifics. He needs more analysts on his staff and fewer public relations people.
The above graph shows the index value for the US Coincident Index. A comparison of US Coincident Index, Aruoba-Diebold-Scotti business conditions index, Conference Board's Coincident Index, ECRI's USCI (U.S. Coincident Index), and Chicago Fed National Activity Index (CFNAI) coincident indicators follows.
by Rod Garratt and Rosa Hayes - Liberty Street Economics, Federal Reserve Bank of New York
In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the Bitcoin network, awakening fears that it might attempt to manipulate the blockchain, the public record of all Bitcoin transactions. Alarming headlines splattered the blogosphere. But should members of the Bitcoin community be worried?