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Friday, November 16, 2012

General Economics

News                                                                                                                             
Bloomberg | Euro-Area Exports Fell in September as Economy Contracted
Euro-area exports fell in September as the region’s economy slipped into a recession for the second time in four years.
CNN Money | FHA exhausts reserves
The Federal Housing Administration has exhausted its reserves, forcing it to institute another round of measures to shore up its finances.
Bloomberg | Machinery Stocks Gain as Global Slowdown Worries Abate
Machinery stocks are attracting investors who are optimistic about economic-growth prospects worldwide, even as the fiscal cliff looms in the U.S.
Market Watch | Foreign net sales of Treasurys hit record in Sept.
Foreign investors were net sellers of $18.3 billion of Treasurys in September, the largest amount on record, Treasury Department data released Friday showed.

Econ Comments & Analysis                                                                                            
Market Watch | Mortgage lending standards are too tight: Bernanke
Mortgage lending standards now appear to be “overly tight,” and are preventing creditworthy borrowers from buying homes, Federal Reserve Board Chairman Ben Bernanke said Thursday.
Real Clear Markets | Goat Economics: Why the Laffer Curve Is No Joke
Goat herding is one of the world's oldest economic professions.  It is because goats are excellent at reproduction, and easy to feed and raise.

Blogs                                                                                                                             
Library of Economics | Friedman on Immigration History
Did the United States begin in 1875?
AEI | Charts: Warfare State and Innovation State down, Welfare State up
So what exactly is the cause of America’s fiscal problem?  And it is not just about declining defense budgets