Submitted by The Capital Spectator
Yesterday’s powerful rise in the stock market offers an easy target for rationalizing that the five-month-old correction in equities is over. Perhaps, but your editor is suspicious.
Yes, there’s no getting around the fact that yesterday’s 3.7% jump in the S&P 500 is one of the better daily gains on record. But […]

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Submitted by Businomics Blog
I interviewed Jim Hamilton (who blogs at Econbrowser).  You can listen for free here.  Jim talks about his expectations for a slowing economy, both here and overseas, and what that means for oil prices.  Jim is an expert on the economy and oil, as well as quantitative methods–yet he speaks in understandable […]

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Submitted by Businomics Blog
United States exports continue to zoom.

Over the past 12 months, the increase was 16.6 percent.  All categories of exports increased, with agricultural products showing the largest gain.  That’s due more to prices than quantities, but the stimulus to the American economy is there all the same.
I run into people who think we […]

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Submitted by Econbrowser
I remember a Federal Reserve economist once recounting a conversation with his young daughter, who asked him, “What do you do at work, Daddy?” He answered, “I help make important decisions.” “What kind of decisions, Daddy?” “Oh, things like how much money the government needs to print.”

Which is an important decision, don’t get […]

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Submitted by CARPE DIEM
With oil prices hitting record levels above $100 a barrel, the economy in either a slowdown or recession, and with Venezuela threatening to end oil exports to the United States and Nigeria’s oil production held hostage to internal strife, the case for tapping more domestic oil is getting stronger every day.
Unfortunately, […]

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Submitted by CARPE DIEM
Breaking the glass ceiling in India: There is a growing group of Indian women in their 30s and older who are rising to senior positions in the country’s financial sector, breaking into what was once a male-dominated world.
End of cheap labor looms in China: For decades, China’s massive workforce of factory hands […]

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Submitted by CARPE DIEM

From columnist Star Parker: According to “Education and Economic Mobility,” by Brookings Institution scholar Ron Haskins, the inflation-adjusted median family income for adults ages 30-39 with a graduate degree was 80% higher in 2006 ($90,000) than in 1964 ($50,000). For those with a four-year college degree, it was almost 60% higher ($75,000 […]

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