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Grand Central: The ECB’s New Math: 5+5=QE

There is a new "it" indicator in Europe: the five-year, five-year swap rate. It may look like a typo, but this index has generated rampant speculation that the ECB will soon launch QE.

MoneyWatch: Turner braces for cuts; iPad expected to grow

Turner Broadcasting, which includes CNN, TBS and TNT, is expected to cut hundreds of jobs. Also, the next model of iPad will have a larger screen. Jill Wagner reports on the day's top MoneyWatch headlines.

Burger King deal stirs up Washington rancor, but will it spur action?

Will the negative reaction be strong enough to move a dysfunctional Congress or motivate Burger King to change strategies?

Why Wall Street and Consulting Firms Win at the Elite College Brain Drain Game

The question of why graduates of prestigious undergraduate schools still wind up, in disproportionate numbers, at places like Goldman and McKinsey may seem so obvious as to be unworthy of notice. Yet perversely, the students aren't keen about these jobs despite having competed fiercely to land them.

Researchers: Unemployment rate isn't accurate

Unemployed workers are most likely to respond to a government survey the first time they get it and ignore it later on

Deconstructing Fed Chair Janet Yellen on Unemployment and the Unemployed

Gerald Epstein, of the Political Economy Research Institute (PERI), interviewed by Jessica Desvarieux of the Real News Network: Lambert here: I have to say that Epstein’s comments seem a little mild to me. The seventy-five cent word hysteresis started making it out from the labs at NEBR into the mainstream discourse at about the time […]

Just How Bad Are India’s Official GDP Numbers?

India is scheduled to release its latest quarterly data on economic growth on Friday, and investors, executives and economists will be looking for clues to whether the election of a reform-oriented government in May has buoyed the economy. They’d do well to keep in mind the key word contained in each quarter's official data release: “provisional.”

Philip Pilkington: Econometricians, Financial Markets and Uncertainty – An Anthropological View

Yves here. Readers responded positively to Pilkington's anthropological take on the economics tribe, so we are continuing with his series. This post focuses on dodgy econometricians and economic forecasting.

Mencken's Appeasement

(August 27, 2014 12:03 AM, by Bryan Caplan) I just learned that the great H.L. Mencken's Prejudices contains an eloquent plea for appeasement. From Mencken's "Martyrs": Normal 0 MicrosoftInternetExplorer4 [I]t seems to me sheer vanity for any man to hold his religious views too firmly, or to submit... (0 COMMENTS)

Jane's Defense vs. Colonel Casad: Someone Seriously Wrong

Given misinformation and outright lies, by all involved, whenever it suits their purpose, it's important to consider the other side of the story.Jane's Defense claims Ukrainian Military Moves to Endgame. Ukrainian troops have continued...Show More Summary

Subverting the Inversions: More Thoughts on Ending the Corporate Tax

I see that my friend Jared Bernstein has some more thoughtful (if mistaken) arguments on ending the corporate income tax. I recognize his concerns about giving more money to the people who have the most (hey, it’s the American Way),Show More Summary

Zillow: Case-Shiller House Price Index expected to slow further year-over-year in July

The Case-Shiller house price indexes for June were released this morning. Zillow has started forecasting Case-Shiller a month early - and I like to check the Zillow forecasts since they have been pretty close. From Zillow: Case-Shiller...Show More Summary

New health reports ignite e-cigarette controversy

The American Heart Association and World Health Organization call for restrictions, but e-cig industry supporters push back

Is Amazon getting distracted?

While struggling to launch a smartphone, it buys a video game company and weighs entering the ad sales business

The Golden Hour Approaches

Way back in March 2012, I blogged here about the horrible news that Mali’s government had been overthrown in a coup d’état. The putsch resonated personally with me since Mali had been part of my watch while serving at the State Department and the country had seemed at the time to be a tremendous success story. Show More Summary

Outright Military Victory by Rebels? Ukraine Offensive in Donetsk and Lugansk Fails

Outright Military Victory by Rebels? Militarily, if the rebel site maps and discussion are correct, the war may conclude with outright military victory by the rebels. Whether or not you believe these maps or such talk, please note the mainstream media silence on the civil war in the last two weeks. Show More Summary

S&P 500 closes above 2,000 for first time

After flirting with the milestone the past few days, on Tuesday the benchmark index closed at exactly 2000.02

A few comments on the Seasonal Pattern for House Prices

• Starting this month, S&P is releasing the Case-Shiller National Index on a monthly basis. This probably means most reporting of a "headline number" will be switched from the Case-Shiller Composite 20 to the National Index.• On a method...Show More Summary

Mr. Bernanke vs. the Structuralists

(August 26, 2014 04:30 PM, by Scott Sumner) Vaidas Urba sent me an interesting piece from the Financial Times: For macro investors, the end of summer is usually signalled by the Kansas City Fed's annual conference at Jackson Hole. On occasions, former Fed chairman Ben Bernanke used this... (0 COMMENTS)

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