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Wolf Richter: First Oil, Now US Natural Gas Plunges, “Negative Igniter” for New Debt Crisis

Yves here. Wolf has been keeping a sharp eye out on how shale gas players were junk bond junkies, and how that is going to lead to a painful withdrawal. Here, he focuses on one of the big drivers of the heavy borrowings: the deep involvement...Show More Summary

Bank Resolution under T-LAC: The Aftermath

The Financial Stability Board’s recent consultative document proposes dividing global systemically important banks into holding companies and operating subsidiaries so as to insulate the latter from a major loss. This column poses the...Show More Summary

The Boom Forecasted

A year ago, Jeff Frieden and I forecast (along with others) in Politico Magazine a boom in output. In light of today’s third release for 2014Q3 real GDP, clocking in at 5% SAAR [1], it’s reasonable to ask, are we there yet? Figure 1 depicts the upward revision in GDP from advance to final, in […]

Christmas economics: Challenging some common beliefs

Christmas may be not so merry as we hope. Economists have argued that gift giving is an inefficient way to allocate resources, and it is widely suggested that Christmas brings a peak in prices and the number of suicides, or even disrupts the business cycle. Show More Summary

Commodity prices: Down in dollars, up in euros

Commodity prices have been falling in the US. This column argues that monetary policy has played a determining role in the falling prices trend. Monetary tightening is highly anticipated in the US, which is likely to raise short-term interest rates. Show More Summary

A Hell of a Time

A Hell of a Time is a Christmas song, or perhaps an anti-Christmas song, or perhaps even more accurately a truly pro-Christmas song

Not really cricket: Home bias in officiating

There has been interest among both sports fans and academics in whether pressure from home crowds affects decision making of officials. This column investigates this problem using new data from cricket matches. The authors find that neutral umpires decrease the bias against away teams, making neutral officials very important for a fair contest. 

Christmas Schedule

Naked Capitalism will be going to a holiday schedule starting tomorrow evening. We'll have three posts a day (Links plus two additional posts) through and including New Year's Day. We hope that those of you who are traveling arrive safely, and wish you a good holiday break!

Nobody is going to out-”crotchety old man” me!

Here’s Paul Krugman’s latest: David Beckworth has a good post pointing out that the Fed has been signaling all along that the big expansion in the monetary base is a temporary measure, to be withdrawn when the economy improves. And he argues that this vitiates the effectiveness of quantitative easing, citing many others with the same view. […]

Tips for saving money on last-second shopping

Trae Bodge, senior editor for Retail Me Not, joined CBSN with some tips for the last-minute holiday shopper

Belarus Imposes Moratorium on Rising Consumer Prices; Get Out While You Can

Economic illiteracy has absolutely no bounds. The top example of the day comes from Belarus.For those unfamiliar with the country, this map of Belarus will help put things into perspective.For the economic illiteracy of the day, please consider Belarus Imposes Moratorium on Rising Consumer Prices. Show More Summary

Over at Equitable Growth: Is the Fed in a Trap?: I Really Cannot See It...: Daily Focus

[Over at Equitable Growth][1]: The very sharp and smart Stephen Roach is seriously alarmed--and I think he is wrong. Stephen Roach: Stephen S. Roach: [The Fed Sets Another Trap](http://www.project-syndicate.org/commentary/fed-interest-rates-policy-normalization-by-stephen-s--roach-2014-12): "America’s Federal Reserve is headed down a familiar... Show More Summary

Wednesday: Unemployment Claims

From the WSJ: U.S. Economy Posts Strongest Growth in More Than a DecadeU.S. gross domestic product, the fullest measure of economic output, was shown in the Commerce Department’s third estimate to have expanded at a 5% pace in the third...Show More Summary

What lower gas prices mean for average Americans

With prices at the pump dropping for nearly three straight months, consumers are spending the extra money on holiday gifts, travel and more

Gruber and Henderson on Health Care Mandates

(December 23, 2014 08:43 PM, by David Henderson) A couple of weeks ago, I posted a video of Jonathan Gruber and me testifying on the economics of government mandates on employers to provide health insurance. We basically agreed on the analysis: the cost of those mandates is borne... (0 COMMENTS)

Live from La Farine: If You Had Told Me Twenty Years Ago That the People the Wall Street Journal Put on Its Op-Ed Page Would Only Get Less Hinged as Time Passed...

I would not have believed you. But is is true. And so I gotta ask: Does John Cochrane have no friends? It is intervention time here: Cochrane is doing himself and his reputation no good by this. He ought to simply say that he was clearly...Show More Summary

What's driving this extra busy holiday travel season?

Robert Sinclair from AAA New York joined CBSN with the big reason behind this year's especially busy season

Data broker accused of stealing millions of dollars

FTC charges firm with selling personal and financial information that allowed consumers to be scammed

Was Keurig too slow in recalling dangerous brewer?

Coffee maker recalled machine only after 90 people were injured and hundreds of problems were reported

NY's attorney general says Jimmy John's non-compete clause is unfair

New York's attorney general is unhappy about the sandwich shop chain's use of noncompete contracts with low-level employees

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