Wednesday, December 17, 2014

General Economics

Market Watch | U.S. consumer prices post biggest drop in six years
U.S. consumer prices fell in November by the largest amount in six years, a bonanza stemming from plunging oil prices that also boosted inflation-adjusted worker pay. The consumer price index declined by a seasonally adjusted 0.3% in November, the largest drop since December 2008.

Econ Comments & Analysis                                                                                            
Wall Street Journal | U.S. Economics Team Has Deep Bench in Handling Russia Crises
With Russia’s economy on the brink of collapse, the White House, Treasury Department, and Federal Reserve have a number of senior officials with deep experience to draw from, having worked closely during the Clinton administration to deal with Russia’s 1998 default.

Wall Street Journal | Oil’s Plunge Is Pushing Mortgage Rates Down
Low oil prices may offer a hidden gift to consumers beyond the gas pump: They could also indirectly support lower mortgage rates.