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Wednesday, March 12, 2014

General Economics

News                                                                                                                             
WSJ | OPEC Raises Oil Demand Forecast
The Organization of the Petroleum Exporting Countries boosted its closely watched forecast for oil demand growth for the second month in a row Wednesday, despite continuing to warn of possible emerging market headwinds.
Market Watch | Fannie, Freddie common shares extend plunge
Common shares of Fannie Mae and Freddie Mac dropped in early trading Wednesday, extending Tuesday's plunge, when investors sold stock after senators released a blueprint for winding down the federally controlled mortgage buyers.
WSJ | Wall Street Average Bonus Up 15% in 2013
Wall Street bonuses are expected to be up 15% from a year earlier, boosted by compensation deferred from previous years, according to an estimate released by New York State Comptroller Thomas DiNapoli.

Econ Comments & Analysis                                                                                            
Politico | Senate Banking leaders reach housing finance deal
The leaders of the Senate Banking Committee have reached a bipartisan agreement on how to overhaul the housing finance market — now they face the challenge of building a broad base of support to establish their legislation as the leading proposal for getting rid of Fannie Mae and Freddie Mac.
Investors | President 'Long Way to Go' Obama
For five years now, President Obama has been telling Americans that we "have a long way to go" before the country will see a return to prosperity. Just how long does he expect us to wait?
Washington Times | Spending’s just another word for nothing left to lose
The federal government has grown obscenely fat over the years, and under President Obama, it’s gotten much fatter, eating into our economy and the very foundations that made America great.
Real Clear Markets | NFIB Small Business Optimism Index Slips Back
With only one component increasing over the month, the Small Business Optimism Index fell to 91.4 in February, reversing three months of consecutive gains.

Blogs                                                                                                                             
Library of Economics | Economics must be harder than it looks
There are two different major economic theories that attempt to explain the operation of the money using, entrepreneurial economy that we call capitalism and its financial markets.