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5 Ways Falling Oil Prices Are Helping the Economic Numbers

Dropping energy prices—a big positive for the economy—are filtering through recent economic data. Here are five ways gasoline prices have been a factor in recent reports.

'What Path for Development in Africa -- and Elsewhere?'

Tim Taylor: What Path for Development in Africa -- and Elsewhere?: As I've pointed out from time to time, the countries of sub-Saharan Africa have been experiencing genuine conomic growth for the last decade or so, and not just in.....

2:00PM Water Cooler 10/24/14

Today's Water Cooler: Ebola, Hong Kong inside game, Hillary takes shot at banks, Google does good deed, pilot sky-writes "I heart Dana." With 767.

Japanese Style Deflation Coming? Where? Fed Falling Behind the Curve? Which Way?

There's some interesting discussion points in the UK-based Absolute Return Partners October 2014 Letter, by Niels C. Jensen, most of which I agree with, others not. Japan-Style Deflation in Our Backyard?It is no secret that we have been long-standing believers in deflation being a more probable outcome of the 2008-09 crisis than high inflation. Show More Summary

European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity

The Markit Flash Eurozone PMI shows the steepest fall in output prices since global crisis and renewed job losses, in spite of an otherwise stable PMI. The Eurozone saw a marginal upturn in growth of business activity in October, according to the flash PMI results. Show More Summary

Late Payments by Ibex Companies Hits €47 Billion, 169 Days (3 Times Legal Time Limit); Ibex vs. DOW

Lack of significant improvement in payments by IBEX companies to suppliers is yet another another sign there isn't much of a recovery in Spain.La Vanguardia reports Late Payments by Ibex Companies Hits €47 Billion, 169 days (nearly 3 times the legal time limit). Show More Summary

Saxo Bank CIO Jakobsen Predicts Another "Shock Drop" in Markets; Addicted to Cheap Money

Inquiring minds are tuned into the Saxo Bank's 4th Trading Debate on Volatility and Performance. Another "Shock Drop" in MarketsSaxo Bank CIO Steen Jakobsen says Another 'Shock Drop' is Coming and it's Coming SoonSteen takes the view...Show More Summary

Will a Cheap Wedding Help Your Marriage? A Lesson in Causation

Quickly lost in the debate over the idea that a cheap wedding leads to longer marriage was the fact that just because two facts are related doesn’t mean one causes the other.

US Airdrops Load of Weapons Into Hands of ISIS

In yet another embarrassing moment for the Obama administration, Isis Claims it has US Airdrop of Weapons. A US airdrop of arms to besieged Kurds in Kobani appears to have missed its target and ended up in the hands of Islamic StateShow More Summary

McDonald's Vows Fresh Thinking After Net Income Declines 30%; Mish Offers Some Advice

A 30% net income decline for McDonald's is quite startling to most. I wonder why such a decline took so long.In response to that pathetic performance, McDonald’s Vows Fresh Thinking. McDonald’s Corp. outlined plans for what it called...Show More Summary

James Grant Conference Video: Inflation Expectations, Growth, Policy Problems; Europe Has Become Japan

Here's an interesting video from the recent James Grant Conference. The title of this year's conference is Investing Opportunistically, Separating the Beta from the Alpha. The first five minutes are introductions and attendee notes you may wish to skip over. Show More Summary

M&A Deals Fail At Highest Rate Since 2008

In yet another potential market topping sign, M&A Deals Fail At Highest Rate Since 2008The value of deals that fail to complete has reached its highest level since 2008, in the latest sign that the best year for mergers and acquisitions...Show More Summary

Eurozone Rotting to the Core; Four Possibilities; Beyond the Math

On October 6, I noted German Factory Orders Slump 5.7%, Most Since January 2009. The previous month was up 4.9%, so I averaged the two months noting "The average result is a decline of 0.4% per month, for the last two months. That process...Show More Summary

Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefit"

The ECB has been concerned about falling consumer prices. I propose that's 100% stupid, yet that's the concern.When the euro declined vs. the US dollar, the ECB was happy that inflation would inch back up. The fear now is that falling...Show More Summary

Nonperforming Spanish Loans Near All-Time High as Overall Credit Shrinks

Huky Guru posted a couple of interesting charts on his blog today about shrinking credit but rising percentage of nonperforming Spanish bank loans: NPLs of banks rebounded to 16.59%. Seven points higher than in the 1994 crisis.Spanish Bank Shrinking CreditNonperforming LoansThe "real" numbers are normalized to account for a change in methodology. Show More Summary

FBI Director Warns Google and Apple "If You Don't Decrypt Phones, We'll Do It For You"

The Fourth Amendment to the US Constitution is crystal clear in meaning. The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants...Show More Summary

Free Market Response to Ebola

In response to Obama's Lame Response to Ebola; No Protocols but Lots of Fearmongering one person responded that I was "over-cooking the Ebola crisis".Amusingly, another reader accused me of "underplaying the crisis". A third reader asked...Show More Summary

Irony of the Day: Yellen Moans About Income Inequality; Seven Things That Cause Inequality

Those seeking the irony of the day will find it comes straight from the mouth of the Fed Chair. Please consider Janet Yellen Bemoans Rising US Inequality. Janet Yellen decried rising inequality on Friday in an unusual speech that may...Show More Summary

'Redistribution Between Generations'

Simon Wren-Lewis: Redistribution between generations: I ought to start a series on common macroeconomic misunderstandings. (I do not watch zombie films.)... Here is one that crops up fairly regularly - that government debt does not involve redistribution between generations....

Greece 10-Year Bond Yield Soars to 9% as Prime Minister's Gambit Explodes; Snap Elections Likely, and Opposition Syriza Would Win

In the last three days, yield on the Greek 10-year government bond soared from 6.6% to over 9% before settling at 8.917%. Prime Minister Antonis Samaras' Gambit Explodes Greek bonds yields had already been climbing with the rise of the radical left Syriza party in recent polls. Show More Summary

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