Archive for January 16th, 2008
Posted in January 16th, 2008
Submitted by unsettling economics
Tom Keene of Bloomberg Radio interviewed me for an hour on Monday. You can download it here:
http://media.bloomberg.com/bb/avfile/BBRECON/vMYIzswjgxsg.mp3
Tom is an excellent interviewer, who regularly interviews economists and financial experts.
Their interviews are available at
http://www.bloomberg.com/tvradio/podcast/ontheeconomy.html
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Posted in January 16th, 2008
Submitted by Econbrowser
I think not, and here’s why.
The Bureau of Labor Statistics reported today that the seasonally adjusted consumer price index increased by 0.3 percent between November and December, implying an annual inflation rate of 3.4%. If you take the percent change in the seasonally adjusted December 2007 CPI over the seasonally adjusted December 2006 […]
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Posted in January 16th, 2008
Submitted by CARPE DIEM
According to Health Care Finance News: A recent survey of retail clinics in the nation set the number of such caregiving sites at nearly 1,000.
Number of states that have retail health clinics: 36
Fastest-growing, and largest retail clinic chain: Minute Clinics, operated in CVS Pharmacies (see photo above)
Number of Minute Clinics nationwide: 390
Second […]
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Posted in January 16th, 2008
Submitted by CARPE DIEM
The Federal Reserve released its report today on Industrial Production, which was flat in December versus expectations for a slight decline. The chart above (click to enlarge) shows the annual growth rate in monthly industrial production from the same month in the previous year. The growth rate for industrial production has averaged […]
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Posted in January 16th, 2008
Submitted by The Capital Spectator
The Bernanke Fed caught a break this morning.
The December report on consumer prices shows that inflation returned to something approximating a manageable level. After November’s eye-popping 0.8% surge in CPI, December’s 0.3% looks like a gift, and a timely one. No, inflation hasn’t evaporated as a clear and present danger, […]
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Posted in January 16th, 2008
Submitted by Econbrowser
Disappointing yes, but the financial press is getting a little carried away.
The Census Bureau reported today that seasonally adjusted nominal retail and food services sales fell 0.4% between November and December, which likely seems related to today’s 2.5% drop in the S&P500. MarketWatch had this reaction:
U.S. stocks plunged Tuesday, with the major indexes […]
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Posted in January 16th, 2008
Submitted by A Dash of Insight
Each day the market gets “new information” about a slowing rate of economic growth. If the rate of economic growth slows enough, it can and will be interpreted as a recession, when the NBER does a retrospective analysis of the data. What does this mean for investors?
An Interesting […]
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Posted in January 16th, 2008
Submitted by CARPE DIEM
“If ethanol and other renewable fuels were cost-competitive, they would not need to be mandated. The fact that oil is over $90 a barrel and yet the ethanol industry still felt it needed an expanded mandate to compete indicates how costly ethanol is.”
~Ben Lieberman, senior policy analyst at the Heritage Foundation commenting […]
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Posted in January 16th, 2008
Submitted by CARPE DIEM
Mitt Romney and John McCain battled over what the government owes to workers who lose their jobs because of the foreign competition unleashed by free trade. Surely we have fellow citizens who are hurt by free trade agreements, at least in the limited sense that they’d be better off in a world […]
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Posted in January 16th, 2008
Submitted by CARPE DIEM
NEW DELHI - For millions of people in the developing world, Tata Motors’ new $2,500 four-door subcompact — the world’s cheapest car — may yield a transportation revolution as big as Henry Ford’s Model T.
Well, how does the 2008 Tata Nano (pictured above) compare to the Model T? See the chart […]
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Posted in January 16th, 2008
Submitted by CARPE DIEM
JANUARY 15–Disgraced and disbarred, Mike Nifong is now bankrupt. The former North Carolina prosecutor, whose career imploded with his botched handling of the Duke University rape case, today filed for bankruptcy, listing liabilities in excess of $180 million.
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Posted in January 16th, 2008
Submitted by CARPE DIEM
The Top 10 Most Economically Free Countries in the World:
The Top 10 Least Economically Free Countries in the World:
The bottom line about Economic Freedom:
In other words:
Read more here.
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Posted in January 16th, 2008
Submitted by CARPE DIEM
The Commerce Department today reported that: 1) total retail sales in December 2007 were 4.1% above December 2006, 2) sales for the 12 months of 2007 were up 4.2 percent% from 2006, and 3) total sales for the October through December 2007 period (QIV) were up 4.9% from the same period a […]
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