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Wednesday, November 21, 2012

General Economics

News                                                                                                                             
Bloomberg | Most Americans in Decade Project Economy Will Get Better
More Americans this month said the world’s largest economy will improve than at any time in the past decade, led by a surge among Democrats following the re- election of President Barack Obama.
Market Watch | Leading economic index rises 0.2% in October
It's likely that the U.S. economy will continue to "modestly" expand through early 2013, the Conference Board said Wednesday as it reported that its leading economic index rose 0.2% in October after increasing a downwardly revised 0.5% in September.
Bloomberg | Japan’s Exports Reach Three-Year Low as Recession Looms: Economy
Japan is suffering its worst year for exports since the global contraction in 2009 as Europe’s crisis, China’s slowdown and a diplomatic dispute with the Chinese hurt manufacturers and deepen the risk of a recession.
Bloomberg | U.S. Michigan Consumer Sentiment Index Rises Less Than Forecast
Confidence among U.S. consumers rose less than anticipated in November, indicating the impending fiscal tightening may be starting to damp Americans’ moods.

Econ Comments & Analysis                                                                                            
Washington Times | Government keeps meddling in the housing market
Friday’s grim financial report from the Federal Housing Administration (FHA) — it’s insolvent to the tune of negative $31 billion — is prompting fresh scrutiny of the government’s role in housing, particularly the mayhem caused by federal backing of mortgages involving low down payments and low credit scores.
Fortune | Where to invest with the U.S. on top in oil
The U.S. is expected to become the world's top oil producer by the end of the decade, and investment opportunities abound.
Politico | Want American exceptionalism? Fix Immigration
Carlos Gutierrez, on CNN’s “State of the Union” last weekend, had this to say: “If we get this right, the 21st Century is ours. If we get it wrong, shame on us.”
Forbes | Obama: The Worst Keynesian Ever
The president is bent on raising taxes big time, if not on January 1, when all sorts of rates are scheduled to go up, then shortly thereafter as the new, more Democratic Congress convenes to do its damage.