Monday, October 27, 2014

General Economics

Wall Street Journal | IMF Forced to Raise Key Lending Rate to Protect Lender Nations
The International Monetary Fund has been facing a perverse scenario: Key interest rates slipping into negative territory could have forced its member nations to pay interest for the privilege of bailing out other nations.
Market Watch | 3 reasons why you should expect a 30% market meltdown
In a commentary for Marketwatch just over two months ago, I predicted that the U.S. stock faced at least a 20% correction. The signals now point to a 30% downturn.
Market Watch | Economy on track for best growth in nine years
Global growth is sputtering again. Most Americans remain pessimistic five years after the end of the Great Recession. And the deadly Ebola virus is adding fresh uncertainty.

Econ Comments & Analysis                                                                                            
Wall Street Journal | Bad Stock-Market Timing Fueled Wealth Disparity
Millions of Americans inadvertently made a classic investment mistake that contributed to today’s widening economic inequality: They bought high and sold low.

Health Care

CNN Money | Paying thousands before health insurance even kicks in
Got health insurance at work? You may still have to shell out thousands of dollars before it kicks in.


Market Watch | Fed will hold market’s hand as it ends QE3
The Federal Reserve will go out of its way this week to send soothing signals to investors already unnerved by recent market volatility and worries about the global economy.

Econ Comments & Analysis                                                                                            
Wall Street Journal | The Return of Volatility Is Mainly About Monetary Policy
Four weeks ago I was in London at a conference organized by one of the biggest U.S. banks. The program included a session with the dread title, “2014, The Death of Volatility?”


Econ Comments & Analysis                                                                                            
Forbes | Why A Rise In The Minimum Wage Won't Create Jobs
There’s much talk out there about how a rise in the minimum wage will create more jobs, not fewer as the conventional analysis would have it. This new, and surprising, take on it relies on an effect which is undoubtedly there, the marginal propensity to spend, but that’s often true in economics.


AEI | Are Americans saving enough for retirement? Some myth-busting by Andrew Biggs
It’s national retirement week, so we have rounded up some of the top pieces by AEI economist Andrew Biggs on retirement, Social Security, and whether or not Americans are saving enough.