Econ Comments & Analysis
Bloomberg View | Meet Greece Halfway, Europe
Tonight Greece's new finance minister, Yanis Varoufakis, is scheduled to make a proposal to his European Union counterparts. The importance of this negotiation would be hard to exaggerate: At stake is the future of the euro system.
Forbes | Will Europe Drag Down The World?
While Greece is dominating the headlines, two other recent pieces of news underscore why the EU is in a serious economic and political crisis that could have devastating consequences for the U.S. and the rest of the world.
Wednesday, February 11, 2015
Monetary
News
Market Watch | A look at what’s behind the ‘Audit the Fed’ battle
Calls to “audit the Fed” have returned to the spotlight with a vengeance after Sen. Rand Paul, Republican of Kentucky, introduced the bill last month and made it the centerpiece of a presidential campaign stop in Iowa.
Market Watch | A look at what’s behind the ‘Audit the Fed’ battle
Calls to “audit the Fed” have returned to the spotlight with a vengeance after Sen. Rand Paul, Republican of Kentucky, introduced the bill last month and made it the centerpiece of a presidential campaign stop in Iowa.
Taxes
News
Market Watch | Number of tax refunds nearly doubles compared to last year
It’s early in the 2015 tax season but Americans are already getting refunds — lots of them.
Econ Comments & Analysis
Forbes | The Real Reason That US Corporate Income Tax Receipts Are Falling
It’s a fairly common complaint over in certain corners of the left that that the US just isn’t taxing corporate profits enough. The share of GDP that is collected by the corporate income tax has fallen and this is all the proof anyone needs that we really just should be taxing profits more highly.
Market Watch | Number of tax refunds nearly doubles compared to last year
It’s early in the 2015 tax season but Americans are already getting refunds — lots of them.
Econ Comments & Analysis
Forbes | The Real Reason That US Corporate Income Tax Receipts Are Falling
It’s a fairly common complaint over in certain corners of the left that that the US just isn’t taxing corporate profits enough. The share of GDP that is collected by the corporate income tax has fallen and this is all the proof anyone needs that we really just should be taxing profits more highly.
Employment
News
Market Watch | U.S. job openings hit highest level since 2001
Job openings in the U.S. rose in December to the highest amount since 2001 and the pace of hiring returned to prerecession levels, but companies are still taking their time before adding new workers.
Econ Comments & Analysis
Washington Times | The big lie about jobs
For the past six years of the Obama economy, I've been telling readers that the administration has been juggling its job data to make the unemployment rates look much lower than they really are.
National Review | There’s No Such Thing as the ‘Real Unemployment Rate’
The CEO of one of the world’s most prominent polling and analysis firms, Jim Clifton of Gallup,wrote a bombshell column last week: The unemployment rate reported by the federal government and widely cited by the media is “a Big Lie.”
Market Watch | U.S. job openings hit highest level since 2001
Job openings in the U.S. rose in December to the highest amount since 2001 and the pace of hiring returned to prerecession levels, but companies are still taking their time before adding new workers.
Econ Comments & Analysis
Washington Times | The big lie about jobs
For the past six years of the Obama economy, I've been telling readers that the administration has been juggling its job data to make the unemployment rates look much lower than they really are.
National Review | There’s No Such Thing as the ‘Real Unemployment Rate’
The CEO of one of the world’s most prominent polling and analysis firms, Jim Clifton of Gallup,wrote a bombshell column last week: The unemployment rate reported by the federal government and widely cited by the media is “a Big Lie.”
Tuesday, February 10, 2015
General Economics
News
Market Watch | U.S. job openings hit highest level since 2001
Job openings in the U.S. rose 3.7% to 5.03 million in December - the highest since 2001 - and the number of people hired climbed 1.9% to 5.05 milllion.
Market Watch | Small-business sentiment slips in January, NFIB says
Small-business sentiment slipped in January on a decline in optimism over sales growth and business conditions, according to a gauge released Tuesday.
Econ Comments & Analysis
Reuters | Greek euro exit will be hard to stop
Alexis Tsipras kept his promises to the electorate. That’s the only thing that can be said in favour of the defiant speech the Greek prime minister gave parliament on Feb. 8. Almost everything else was terrible – because the pledges he made in the recent election campaign are undeliverable.
Market Watch | Americans are spending their gas savings on more gas
So, what are Americans doing with some of the money they’re saving from cheap gas? They are buying more fuel.
Investors.com | Studies Confirm Dodd-Frank Strangling Small Lenders
New studies of banking trends confirm earlier warnings that the Dodd-Frank Act would drive community banks out of the market and choke off credit.
Wall Street Journal | U.S. Government Bonds Fall Again
Treasury bond prices fell for a fifth straight session, sending the yield on the benchmark 10-year note to a one-month high on Monday, as looming new debt sales outweighed market turmoil in Greece and slowing growth in China.
Blogs
AEI | 2014 US-China trade by the numbers
The US ran a record $342 billion merchandise trade deficit with China in 2014. The deficit rose 7.6%, with a 6% increase in American imports and just a 1.7 % increase in American exports. Driving these figures are a comparatively strongerAmerican economy, and also Chinese trade barriers. Imports from China benefit American consumers but the poor performance of American exports is a warning sign.
Market Watch | U.S. job openings hit highest level since 2001
Job openings in the U.S. rose 3.7% to 5.03 million in December - the highest since 2001 - and the number of people hired climbed 1.9% to 5.05 milllion.
Market Watch | Small-business sentiment slips in January, NFIB says
Small-business sentiment slipped in January on a decline in optimism over sales growth and business conditions, according to a gauge released Tuesday.
Econ Comments & Analysis
Reuters | Greek euro exit will be hard to stop
Alexis Tsipras kept his promises to the electorate. That’s the only thing that can be said in favour of the defiant speech the Greek prime minister gave parliament on Feb. 8. Almost everything else was terrible – because the pledges he made in the recent election campaign are undeliverable.
Market Watch | Americans are spending their gas savings on more gas
So, what are Americans doing with some of the money they’re saving from cheap gas? They are buying more fuel.
Investors.com | Studies Confirm Dodd-Frank Strangling Small Lenders
New studies of banking trends confirm earlier warnings that the Dodd-Frank Act would drive community banks out of the market and choke off credit.
Wall Street Journal | U.S. Government Bonds Fall Again
Treasury bond prices fell for a fifth straight session, sending the yield on the benchmark 10-year note to a one-month high on Monday, as looming new debt sales outweighed market turmoil in Greece and slowing growth in China.
Blogs
AEI | 2014 US-China trade by the numbers
The US ran a record $342 billion merchandise trade deficit with China in 2014. The deficit rose 7.6%, with a 6% increase in American imports and just a 1.7 % increase in American exports. Driving these figures are a comparatively strongerAmerican economy, and also Chinese trade barriers. Imports from China benefit American consumers but the poor performance of American exports is a warning sign.
Monetary
Econ Comments & Analysis
Market Watch | Fed is between rock and hard place
Between rising employment, excess liquidity, the strong dollar and low inflation the Federal Reserve doesn’t know which way to jump.
Blogs
Wall Street Journal | When Is It Time for Mindful Austerity?
In his budget, President Barack Obama called for an end to “mindless austerity.” That begs the question: If mindless austerity is to be avoided, will there ever be a time for mindful austerity?
Market Watch | Fed is between rock and hard place
Between rising employment, excess liquidity, the strong dollar and low inflation the Federal Reserve doesn’t know which way to jump.
Blogs
Wall Street Journal | When Is It Time for Mindful Austerity?
In his budget, President Barack Obama called for an end to “mindless austerity.” That begs the question: If mindless austerity is to be avoided, will there ever be a time for mindful austerity?
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