News
Bloomberg | U.S. Stocks Rise Amid Stimulus Bets After Employment Data
The market is taking this weak jobs number as a positive because it means that we’re going to get action coming from Bernanke and company.
Bloomberg | Shale Boom Cuts Gulf Oil Premium to 24-Year Low: Energy Markets
The U.S. shale boom has driven the cost of Gulf Coast light, sweet oil to its lowest level versus Brent crude in almost a quarter century as the nation’s dependence on foreign supplies wanes.
Bloomberg | German Industrial Output Unexpectedly Increased in July
German industrial production unexpectedly rose in July, adding to signs that Europe’s largest economy is weathering the region’s debt crisis.
Econ Comments & Analysis
AEI | Let banks trade securities — it's where their future lies
The idea that banking organizations can be profitable solely or principally as lenders, or that this would be good for them or the U.S. economy, is based on a vision of the economy and the capital markets that no longer exists.
WSJ | China's Slowdown and American Business
Hardly a week goes by without complaints about payment problems or bankrupt debtors.
Forbes | Polaroid, Kodak, Apple: No One Escapes the Winds of Creative Destruction
Corporations may not be people, but they are still bound by a cycle of life.
Bloomberg | Don’t Make Banks Too Small to Succeed
a global economy, there is a need for financial institutions with scale and global capacity. Large banks offer their customers products, services and infrastructure that smaller banks cannot match, from multicity branch networks to global coverage that lowers costs.
Washington Post | Are you better off now than four years ago?
By the numbers, most Americans aren’t better off than they were four years ago — but they aren’t much worse off, either.
Blogs
Cato @ Liberty | Type the Title You Want People to See
My sense is that the word “regulate” is migrating from its origin in referring to formal and governmental rules to a more general sense of any constraint.
