Tuesday, January 13, 2015

General Economics

Market Watch | NFIB small-business index hits more than eight-year high in December
A measure of small-business confidence rose in December to the highest level in more than eight years, according to data released Tuesday by the National Federation of Independent Business.

Econ Comments & Analysis                                                                                            
Market Watch | OPEC’s squeeze on U.S. oil independence could succeed
The price of crude oil, adjusted for inflation, is at 1979 levels, having fallen by more than 50% since June 2014.
Washington Post | The economy’s broken record: Lots of jobs, but no raises
If you ever figured out what partying like it's 1999 means, go ahead and do that now. Because after the economy added 252,000 jobs in December and 50,000 more in revisions to previous months, 2014 was the best calendar year for job growth since then.
Real Clear Markets | The Open U.S. Economy and Newton's Third Law
Since the Great Recession, the importance of global capital flows and foreign economic policy have become increasingly apparent in the determination of U.S. financial (bond and equity) and real (real estate) asset prices.
Fox Business | What a Market Correction Would Really Look Like
In considering this aging bull market, some sobering facts from John P. Hussman, Ph.D., of the Hussman Funds: “Recall that the 2000-2002 [market] collapse wiped out the entire total return of the S&P 500 in excess of Treasury bill returns, all the way back to May 1996."