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Lessons in Economics for Bret Stephens: Apple and Donald Trump's Big Tax Cut

We all know about the skills shortage. Many employers can't find workers with the necessary skills. For example, the NYT can't find columnists who understand economics, so they had to hire Bret Stephens instead. Mr. Stephens is angry...Show More Summary

Just who are those "consumers"?

(January 20, 2018 03:57 PM, by Scott Sumner) While working on a principles of economics textbook, I began wondering how students evaluate terms like "consumer welfare". Who are these consumers? There's a term for people who are not consumers, they are called "corpses". All living people are consumers.... (0 COMMENTS)

Daily Trades List for Monday, January 22, 2018

The screening algo generated just 5 potential longs and 6 potential shorts on Friday. I added 2 shorts and no longs to the list. After closed trades there will be 10 longs and 11 shorts on the list. This is the first time there have been more shorts than longs in this swing cycle. Show More Summary

Free Riding, Unions, and "Right-to-Work"

[_Amici Curiae_ in Janus v. AFSCME](https://www.supremecourt.gov/DocketPDF/16/16-1466/28326/20180118155219419_16-1466%20bsac%20Economists%20and%20Professors%20of%20Law%20and%20Economics.pdf): No. 16-1466 :: In the Supreme Court of the United States :: MARK JANUS, Petitioner, v. Show More Summary

Good News: Wages Are Up

The Bureau of Labor Statistics released its eagerly awaited data on usual weekly earnings for the 4th quarter last week. The data for the 4th quarter were actually not very good, but the quarterly data are erratic. If we look at the full year data, we get a pretty good story. Show More Summary

Schedule for Week of Jan 21, 2018

Note: If the government is shut down, some of these releases will probably be delayed (Q4 GDP, New Home sales, etc.) The key economic reports this week are the advance estimate of Q4 GDP, and December new home sales and existing home...Show More Summary

Supermarket transparency lowers prices

The ability to compare prices openly and easily is widely thought to foster competitiveness, but mandatory disclosure of pricing information can also facilitate collusion between sellers. This column uses evidence from before and after...Show More Summary

Why you should check email less often, and how to do it

More than a decade ago, Dan Russell, a researcher at IBM, won fleeting attention for his email signature: “Join the slow email movement! Read your mail just twice each day. Recapture your life’s time and relearn to dream.” That was quixotic even then. While some people are slow to respond to email, most of us […]

The Best Gold Stock to Buy in 2018 Is 2.6X More Profitable Than Gold

A gold bull market is underway. We predict gold prices will hit $1,500 by the end of 2018 and could surge more than 300% by 2020. That's why, today, we'll show you our best gold stock to buy in 2018. The post The Best Gold Stock to Buy in 2018 Is 2.6X More Profitable Than Gold was originally published at The Wall Street Examiner. Follow the money!

So Much For Tax Cut Benefit – Here’s How Fed “Normalization” Wipes It Out

As (some) White House-linked (or favouring) economists lament the Fed's QE (and there are reasons to lament it), one thing is clear: the unprecedented monetary policies of the recent years have achieved two things:The Fed QE has fuelled...Show More Summary

Cape Fear? S&P Peak PEG ratio At All-time High, Shiller CAPE Ratio At Second All-time High As Dow Pierces 26K Mark

Yes, the stock market is on a roll with the Dow recently piercing the 26,000 mark. And the S&P500 index has pierced the 2,800 mark. The post Cape Fear? S&P Peak PEG ratio At All-time High, Shiller CAPE Ratio At Second All-time High As Dow Pierces 26K Mark was originally published at The Wall Street Examiner. Follow the money!

Fever Pitch

In case you’re worked up about the looming federal government shut-down, this is exactly how we’re supposed to roll in the long emergency: everything organized at the gigantic scale is going to wobble and fail. It’s nature’s way of more » The post Fever Pitch was originally published at The Wall Street Examiner. Follow the money!

Lawler: Early Read on Existing Home Sales in December

From housing economist Tom Lawler:Based on publicly-available state and local realtor/MLS reports from across the country released through today, I predict that US existing home sales as estimated by the National Association of Realtors...Show More Summary

2:00PM Water Cooler 1/19/2018

By Lambert Strether of Corrente. Patient readers, this is a bit light. I’ll add some more material in a bit. –lambert Politics 2020 “Cory Booker Is Laying It on a Bit Thick” [Slate (Re Silc)], 2018 “Democrats Openly Back Establishment Candidates for 2018 Primaries” [Real News Network]. Shocker! “Are Democrats’ Senate Chances In 2018 Overrated?” […]

Are the Tax Cuts and Increased Wages and Bonuses Connected?

(January 19, 2018 04:04 PM, by David Henderson) They might be. Veronique de Rugy of the Mercatus Center has an excellent piece at Reason on the connection, if any, between the recent cut in the corporate income tax rates and the spate of bonuses, pay increases, and increases... (0 COMMENTS)

Puerto Rico: Post-Hurricane Maria Relief Effort Omnishambles Rolls On

Puerto Rico's recovery: Grid materiel, the exodus and cheap labor, the relief loan, and oddly trivial disaster capitalism.

Government Shutdown: Economic Data Likely to be Delayed

In previous shutdowns, Government data from the BLS, BEA and Census Bureau were delayed. Data from the Federal Reserve was released on time.As an example, if the government shuts down, I expect New Home sales, durable goods and Q4 GDP to all be delayed next week. Show More Summary

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