Wednesday, October 8, 2014

General Economics

Market Watch | Fracking reshapes economy, politics
North Dakota extracted a whopping 313.9 million barrels of oil CLX4, -1.76%  in 2013, compared to just 29 million barrels a decade earlier, according to the Energy Information Administration.

Econ Comments & Analysis                                                                                            
Market Watch | ‘This Changes Nothing’: Capitalism still wins, climate loses
GOP conservatives, Big Oil, Exxon Mobil, Koch billionaires, and every other hard-right climate-science denier must love Naomi Klein’s new book, “This Changes Everything: Capitalism vs. The Climate.” Why? The book’s old news, the title should be: “This Changes Nothing: Capitalism Still Wins, Climate Still Loses.” Yes, the future looks brighter than ever for capitalism.

Wall Street Journal | Global Housing Prices: It’s a Tale of Two Worlds
An index tracking global property prices in 50 countries shows prices haven’t much risen over the past five years, but new research from the International Monetary Fundshows how averages can be misleading.
Wall Street Journal | Eurozone Faces a 1-in-3 Chance of Reentering Recession Soon, IMF Says
The eurozone’s chances of re-entering a recession have roughly doubled to nearly 38% since April, the International Monetary Fund said in its latest global economic outlook on Tuesday, as the threat of deflation smothers growth prospects in the region.