Monday, December 15, 2014

General Economic

Market Watch | Industrial production surges in November
Thanks to strong consumer goods and utilities output, industrial production in November rose by the largest percentage since May 2010, according to data released by the Federal Reserve on Monday.

Econ Comments & Analysis                                                                                            
Forbes | Keynesian Confusion Is The Christmas 'Re-Gift' That Keeps On Giving
It’s probably magnified in modern times owing to a still sluggish economy, but this time every year disciples of John Maynard Keynes ‘re-gift’ us with their annual confusion regarding consumption.  One would think Keynes’ disciples would come up with something new, but they’re consistent in their embrace of spending over saving.
Real Clear Markets | Why Emerging Markets Are the Best Place For Protecting Your Retirement Funds
There's no doubt what the received wisdom is these days. All year the financial press has been echoing the theme that emerging markets are toast. The Fed, we're told will shortly be initiating a period of monetary tightening and rising rates. This, we are told, will suction vast quantities of capital out of the global economic periphery towards the havens of the developed world. The dollar will soar in value and emerging market currencies will plummet. Tough economic times will drive global investors towards ‘safety'.
Wells Fargo | Weekly Economic & Financial Commentary
Wall Street Journal | How Cheap Oil Complicates Investing
For most Americans, this year’s sudden collapse of oil prices appears to be unqualified good news. Oil prices have dropped 45% since June, amid surging output from U.S. shale fields, strong Saudi Arabian production and weak demand from Asia and elsewhere. They dropped 12.2% just last week, closing Friday at $57.81 a barrel. Analysts at Credit Suisseand other banks say it will take years before oil prices return to $100-a-barrel levels.