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The AERE Summer Conference begins today!

And I'm not there (sigh): The fourth annual AERE Summer Conference will be held Wednesday, June 3, to Friday, June 5, at the U.S. Grant Hotel located in the lively and historic Gaslamp Quarter of San Diego, California. An all-day pre-conference workshop, led by Meredith Fowlie (University of California, Berkeley)...

Precious Metals Stocks Uptick

Precious Metals stocks had a tiny uptick on Tuesday as gold stayed home on the range. This report shows the trends and key benchmark levels that should signal where prices are heading next. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition Precious Metals Pro Report risk free…

Liveblogging World War II: June 3, 1945: Harry S. Truman to Bess W. Truman

[Letter from Harry S. Truman to Bess W. Truman, June 3, 1945](http://www.trumanlibrary.org/whistlestop/study_collections/trumanpapers/fbpa/index.php?documentid=HST-FBP_14-69_01&documentYear=1945&documentVersion=both&pagenumber=1): >This is a lonesome place. Show More Summary

The second step

A few weeks ago, I published a post discussing the minimum acceptable level of Fed accountability.  At a minimum, any institution needs to establish some procedure to evaluate how they are doing their job.  The Fed’s main job is to use its policy instruments to nudge AD up or down in a way that they […]

Nissan aims its new Maxima at some strong rivals

An early test drive finds a worthy competitor to entry-level luxury models from Audi, Acura and BMW -- worthy enough?

The Jerk Theory: New research on whether nice guys finish last

Apparently being a jerk has its perks. Jerry Useem lays out the research in his article, "Why it pays to be a jerk," in this month's issue of The Atlantic. Researchers describe how semi-obnoxious behavior and overconfidence can make a person not only seem more powerful, but actually make them more powerful.

Secular stagnation as wising up

Andrew Smithers says: A major cause of low investment is the incentives created by the bonus culture — the practice (now almost ubiquitous in quoted companies) of paying executives huge bonuses to reward short-term success. I agree that many bosses...

Trade Deficit declined in April to $40.9 Billion

The Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.9 billion in April, down $9.7 billion from $50.6 billion in March, revised. Show More Summary

Airlines try new ways to get passengers seated faster

As the summer travel rush begins, airlines are facing a costly problem. Delays in airline boarding carry a price tag of nearly $500 million. CBS News travel editor Peter Greenberg joins "CBS This Morning" to discuss how airlines are trying to speed up the boarding process.

Banker Apologist Sorkin Ignores The Obvious on the Surge of Wall Street Suicides

Sorkin on the Street’s Surge of Suicides: Ignoring the Obvious By William K. Black Quito: June 2, 2015 Andrew Ross Sorkin wrote two related columns only two weeks apart, but ignored his first column in writing his second. The May 15, 2015 report by the University of Notre Dame on the … Continue reading ? Sorkin on the Street’s Surge of Suicides: Ignoring the Obvious

Washington Post Argues for Protectionism and TPP in Front Page Story

The Washington Post is apparently pulling out all the stops in pushing its agenda on trade. It ran a front page news story that included several heroic acts of mind reading and flagrant misrepresentations to help push the deal to its...Show More Summary

BOJ’s Shirai: Probability of Considering Extra Easing Is Low for Now

A member of the Bank of Japan's policy board Wednesday reiterated her view that the central bank should make its 2.0% inflation target flexible, saying that it should stick with the current pace of easing without extra action.

Cycle Screening Measures Improved But Questionable

Cycle screening measures were mixed on Tuesday, with a slight edge in movement to the buy side while retaining a sell side tilt across the board. The aggregate measure rose by a tiny amount for the second straight day, leaving it still only slightly above the previous minor low. A moderate down day could break…

May Russian Services & Composite PMIs Strong Surprise

Having covered Russian Manufacturing PMI earlier (here), now lets update data for Services PMI and Composite PMI.In contrast to disappointing Manufacturing PMI, Services PMI for Russia came in at a surprising strong upside, rising to 52.8 in May 2015 f...

ADP: Private Employment increased 201,000 in May

From ADP: Private sector employment increased by 201,000 jobs from April to May according to the May ADP National Employment Report®.... The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm...Show More Summary

World stocks dulled by Greek bailout saga

Wall Street was set to gain after a down day Tuesday: S&P 500 futures added 0.5 percent and Dow futures added 0.4 percent

What Happened to Historical Statistics of Canada?

For whatever reason, Statistics Canada has changed the nature of the access to its web version of Historical Statistics of Canada. Until recently, the electronic version of this classic work of data (with paper editions published in 1965 and 1983)...

Larry Summers on NGDP targeting

(June 3, 2015 08:00 AM, by Scott Sumner) Over at TheMoneyIllusion a commenter named Julius Probst told me that he asked Larry Summers about NGDP targeting, and Summers seemed supportive. After I mentioned this in my blog, Politico decided to ask him directly. Here's what they found: Did... (0 COMMENTS)

NYC still feeling the wrath of Superstorm Sandy

More than two years after the deadly hurricane devastated the city, thousands of trees are dying from exposure to salt water

Grand Central: Readers Sound Off About Consumer Spending Sluggishness

The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, June 3, 2015. Jon Hilsenrath sees reasons to expect continued consumer caution in responses to his Tuesday Take.

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