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Thursday, February 16, 2012

General Economics

News                                                                                                                             
Politico | Wind energy: Iowa model for success
Low, stable tax rates generate jobs and economic growth. This idea has been the bedrock of conservative economic ideology for decades. One industry that represents this essential conservative principle is U.S. wind energy.
CNN Money | Moody's: 5 big U.S. banks face downgrade
Five big U.S. banks were among 17 global institutions placed under review for downgrades Thursday by the rating agency Moody's, reflecting the ongoing economic pressures from Europe's fiscal crisis.
CNN Money | Euro economy shrinks, is recession next?
The eurozone economy shrank in the fourth quarter of 2011, but pockets of strength from France and Germany offset some of the contraction.
USA Today | Good news on unemployment claims, housing starts, inflation
Three reports delivered good news on the economy Thursday

Econ Comments & Analysis                                                                                            
Politico | How to fix the mortgage mess
President Barack Obama has highlighted the importance of helping millions of homeowners refinance their mortgages to support the recovery.
Daily Caller | There’s no such thing as a free lunch
Given the recent controversy over contraceptives, it seems that Thomas was less toady than prophet and that a deep humility explains why our president is not a regular church-goer.
Real Clear Markets | The State and Local Pension Crisis
President Obama's new budget, with its trillion dollar deficit and interest payments of $5.6 trillion on the debt over the next decade, is only part of America's unfunded liability.

Blogs                                                                                                                             
Minyanville | How to Exploit Game Theory for Profit
Today I’ll address what a quant trader should understand to exploit game theory for profit.
Heritage Foundation | Eurozone: A Bad Situation Getting Worse
At this point in the Eurozone crisis, the only responsible thing for European leaders to do is to develop contingency plans that will minimize the economic fallout in Europe when—not if—Greece defaults.
Library of Economics | Imagine Grateful Welfare Recipients
In politics, hate is stronger than love.  The biggest friends of the welfare state would rather see the welfare state disappear than publicly say "Please" or "Thank you" to the taxpayers who make their favorite programs possible.
Heritage Foundation | In Pictures: Facts about America’s Slow Economic Recovery
Sure, the U.S. economy is recovering, but it’s doing so at a very…slow… rate. Some on the left, including the President, paint America’s bounce-back as a roaring surge of job creation, but in truth it’s more of a whimper
Daily Capitalist | Is This Recovery? Part II
If much of our positive economic data, especially manufacturing, employment, and price inflation is tied to monetary policy, then that begs the questions of where is money supply (MS) now, where is it heading, and what will the Fed do?