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Tuesday, May 21, 2013

General Economics

News                                                                                                                             
Politico | Alaska pushes D.C. on ANWR drilling
Alaskan officials are hoping to prod the federal government into measuring the amount of oil and gas beneath the Arctic National Wildlife Refuge and are offering state money as part of their plan to push the project forward.
CNN Money | Death cross brewing in bond market
Investors have been dumping bonds lately, but a little-known technical indicator suggests that may not last for long.
Market Watch | Large depositors not protected in new EU draft law
European Union lawmakers on Monday voted in favor of a draft law that would protect small bank depositors from losses in further bank rescues, but could see customers with more than 100,000 euros in savings being hurt.
WSJ | Wall Street's Giants Try 'Flow Monster' Formula
Here is a glimpse at the future of finance. When Deutsche Bank AG set out to win a role on Apple Inc.'s $17 billion bond, it eschewed Wall Street's traditional tactics.
CNBC | The Market Is Not the Economy: What the Fed Misses
Whatever course it chooses, the Federal Reserve will have to grapple with the reality that while its policies have helped levitate stocks, they've been considerably less effective at expanding the economy.
WSJ | Developed Economies See Slight Growth
Developed economies returned to growth in the first three months of the year, although the euro zone continued to lag behind the U.S. and Japan, according to figures released by the Organization for Economic Cooperation and Development Tuesday.
CNBC | Economy Is on the Move Again—and So Are Americans
Thanks to the slowly brightening employment picture, along with the uptick in the housing market, more and more people are packing up and relocating. And the pace is likely to pick up this summer, the peak season for moving, according to industry professionals.

Econ Comments & Analysis                                                                                            
Politico | Barriers hamper small businesses
Although we’ve seen signs of a slowly improving economy, we must remember that our nation’s potential is far better than this. Despite the improved unemployment rate, there is a combination of data points that is cause for concern.
WSJ | Natural Gas Exports, Maybe
President Obama can't seem to decide whether America's unconventional oil and gas revolution is good for the country, which is resulting in passive-aggressive government. Witness last week's approval of a new natural gas export terminal that may not be a real approval.

Blogs                                                                                                                             
Calculated Risk | Zillow: House Prices up over 5% year-over-year in March, Case-Shiller expected to show 9.8% YoY increase
A majority (55 percent) of the 365 metros covered saw home values climb in April from March. Of the 30 largest metro areas covered, Sacramento experienced the largest monthly increase, with home values rising 3.4 percent.
Calculated Risk | Discussion on Inequality and Economic Growth
As we endure the slow, uneven recovery from the “Great Recession,” there is no more critical or timely question than that of the relationship between economic growth and inequality.