What We Read Today 06 July 2014

July 6th, 2014
in econ_news, syndication

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 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.

Follow up:

  • GBP/USD Resumes Uptrend after One-day Setback (James Hyercyzk, FX Empire) The U.S. dollar staged a strong end-of-week rally but that was not enough to derail the continued advance of GBP/USD. The pair has seen a gain of 3.5% over the past three months and 13.9% over 16 months.
  • What's The Matter With Paul Krugman? (Stephen Moore, Investor's Business Daily) Hat tip to Joe Gordon. The case of Kansas was selected by Prof. Krugman to support his argument against tax cuts. Moore accuses him of cherrypicking. Moore points out that many low tax states are growing while many high tax states are not.
  • 58% of Jobs Created in 2014 Pay Over $24 an Hour (Barry Ritholtz, The Big Picture) For a 40 hour week $24/hour is $960 a week or about $50k per year. Now that is approximately the same as median household income. So more than half the jobs exceeded and less than half fell under the median household income. New jobs are not paying slightly better than old jobs.

 


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