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How to Run a Drug Cartel

(February 25, 2017 04:41 PM, by Amy Willis) If you missed this week's EconTalk episode with Tom Wainwright of The Economist, you're missing out...whether or not you have any drug-running aspirations. Wainwright's new book, Narconomics, host Russ Roberts calls "a tribute to economics." In his book, Wainwright... (0 COMMENTS)

Impact of natural resource windfalls on the financial sector

The financial sector plays a critical role in intermediating domestic savings into domestic investment, so it should serve as an important absorption tool for natural resource windfalls. Using a panel dataset of over 150 developed and...Show More Summary

Farewell to Kenneth Arrow, a Gentle Genius of Economics

In case you couldn't get to the WSJ article by Larry Summers, written in tribute to Kenneth Arrow, here's an open link: Farewell to Kenneth Arrow, a Gentle Genius of Economics: My mother’s brother, the Nobel economist Kenneth Arrow, died...

Eurocoin February 2017: Another Acceleration in Growth

A quick update on Eurocoin, the lead indicator for economic growth in the Euro area. In February, Eurocoin rose from 0.68 in January to 0.75 - hitting the highest level in 83 months and marking 10th consecutive monthly rise. The index...Show More Summary

Buffett to investors: Wall St. fees a waste of money

Billionaire investor behind Berkshire Hathaway says low-cost index funds beat most all other investments over time

Fact-checking Trump's claim about debt dropping by $12B in last month

A nonpartisan budget group said the decrease has nothing to do with Trump's policies

Getting the Facts

(February 25, 2017 03:14 PM, by David Henderson) In the late 1990s and early 2000s, in one standard part of an optimistic speech I gave about the modern economy and the effect of the Internet, I told a story from a 1977 Woody Allen movie, Annie Hall, that... (0 COMMENTS)

Three Cheers for Kevin Hassett

Numerous news reports suggest that President Trump will tap Kevin Hassett to chair the Council of Economic Advisers. This would be an excellent choice. Here is an overview of Kevin's perspectives on economic policy, and here is my old review of his book Dow 36,000.

Monetary offset in the UK?

(February 25, 2017 09:59 AM, by Scott Sumner) James Alexander has a new post discussing recent trends in NGDP growth in the UK: UK RGDP saved by accelerating NGDP Unfortunately, the headline is a bit misleading. NGDP (left scale) grew at a 5.0% rate in the first half... (0 COMMENTS)

David Brooks Says Construction Contractors Don't Believe in Market Economics

Yes, that is what he told readers in his column. In a column arguing for the need for more immigrants he referred to a figure from the National Association of Home Builders, that there are 200,000 unfilled construction jobs in the United States. Show More Summary

Schedule for Week of Feb 26, 2017

The key economic report this week is the second estimate of Q4 GDP.Other key indicators include the February ISM manufacturing and non-manufacturing indexes, February auto sales, and the Case-Shiller house price index. ----- Monday, Feb 27th ----- 8:30 AM: Durable Goods Orders for January from the Census Bureau. Show More Summary

Will the Stock Market Crash Soon?

The Dow's record-smashing rally is still going, as the index closed at an all-time high for the tenth time in a row yesterday (Feb. 23). The post Will the Stock Market Crash Soon? was originally published at The Wall Street Examiner. Follow the money!

Silver Investing Could Bring 19.9% Returns Despite This Bearish News

Silver investing has been much more profitable than investing in other metals. The post Silver Investing Could Bring 19.9% Returns Despite This Bearish News was originally published at The Wall Street Examiner. Follow the money!

Baltic Dry Index is Still in a Disaster Territory

All of the discussions about the Baltic Dry Index - a proxy for global trade flows - in recent weeks was centred on the alleged recovery in the index valuations from the historical lows of 1Q 2016. Much of this recovery was predicated...Show More Summary

The Two Ways Trump Can Upend Recreational Marijuana in 2017

White House press secretary Sean Spicer said Thursday that under President Donald Trump, the U.S. Department of Justice will do more to enforce federal marijuana laws. The post The Two Ways Trump Can Upend Recreational Marijuana in 2017 was originally published at The Wall Street Examiner. Follow the money!

Doug Noland: Risk On/Risk Off Face-off

Market Dynamics continue to frustrate many hedge fund strategies. At this point, Europe remains at the epicenter of The “Risk On”/“Risk Off” Faceoff. The post Doug Noland: Risk On/Risk Off Face-off was originally published at The Wall Street Examiner. Follow the money!

The Fiscal Horror Show Playing Soon in Washington

David Stockman shows you why the mother of all debt ceiling showdowns is coming to Imperial City. The post The Fiscal Horror Show Playing Soon in Washington was originally published at The Wall Street Examiner. Follow the money!

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