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STOCKS FALL, OIL EXPLODES HIGHER: Here's what you need to know (DIA, SPX, SPY, QQQ, IWM, TLT, USO, OIL, WLL, SM, CNX, NFX, COP, PSX, TWTR)

It was another choppy day of trade to finish August, one of the most volatile months for the stock market in years.  Oil took center stage again on Monday, rising 8% after a nearly 20% gain at the end of last week. Crude oil is now up nearly 30%...



The Fed and Inequality: It Can Make a Huge Difference

The NYT had an interesting piece noting criticisms from the left and right directed at the Federal Reserve Board over its monetary policy decisions. It concludes with a comment from Princeton University professor and former Fed vice-chair Alan Blinder,...



NFL: 5 Comebacks We’d Love to See in 2015

  Doug Pensinger/Getty Images Sports can be very fickle. On one hand, the pressure to maintain the highest level of performance can be so intense that some players will go so far as to cheat, such as with performance-enhancing drugs, in order to...



Links for 08-30-15

Artificial Unintelligence - Paul Krugman Not too simple: Just wrong - Roger Farmer Bad behaviour and early school leaving - Vox EU The macro/micro validity tradeoff - Noah Smith What did Lucas and Sargent mean? - Mean Squared Errors The Bumpy Story of...



Optimistic About Inflation, Stanley Fischer Suggests That Fed Will Stick to Plan on Rates

The remarks of the Federal Reserve’s vice chairman were highly anticipated after days of turmoil in financial markets that raised questions about whether the Fed’s plans had...



Fed Officials Don’t Seem in the Mood to Wait for September Rate Increase

Stock market volatility could cause the Fed to hesitate, the central bank’s vice chairman said in a CNBC interview, but only if it...



Fed’s Fischer Givers More Clarity on Rate Hike Path

The markets are getting a new look at “just one more” view from the Federal Reserve on the timing of the interest rate hike cycle. Stanley Fischer, Vice Chairman of the Federal...



Computers are the new Dumb Money

You want the box score on this latest weekly battle in the stock market? No problem: Humans 1, Machines o Because if you think it was human beings executing sales of Starbucks (SBUX) down 22% on Monday’s open, you’re dreaming. And if...



How My Presidency Would Deal With China

Approaching Beijing on the basis of strength and example, not weakness and...



UK second quarter GDP growth steady at 0.7% as exports and business investment pick up

The second reading from the Office for National Statistics reaffirmed that GDP growth improved from 0.4 per cent in the previous quarter - the weakest pace of growth since...



What the Ashley Madison hack says about how many women cheat

Philippe Lopez / AFP / Getty Images Last week's massive, marriage-straining data dump shows remarkably few women browsed Ashley Madison, the recently hacked dating site that promises to facilitate steamy affairs. About two-thirds of...



Pollsters dumbfounded by Trump...

Pollsters dumbfounded by Trump...(First column, 1st story, link)Related stories:Lean campaign structure breaks the mold...MAG: Why not?Bush vs Clinton may not happen! ...



Inside the Trump-Bush Feud

Washington Post: “The 2016 campaign is merely the latest manifestation of decades of discord between Trump and the Bush family. Since the gilded 1980s, when Trump and George H.W. Bush rose as forces in their respective spheres, the relationship...



DEAR STOCK INVESTORS: Sorry to rain on the parade, but...

CNBC was kind enough to invite me on Squawk Box again this morning. We talked about the market getting clobbered. We also talked about the (soon to end?) tech boom. My view of tech is simple: Tech...



Q2 GDP Revised up to 3.7%, Weekly Initial Unemployment Claims decreased to 271,000

From the BEA: Gross Domestic Product: First Quarter 2015 (Third Estimate)Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for...



Are You Ready for a Glorious Sunset? Full Transcript

This is a transcript of the Freakonomics Radio podcast “Are You Ready for a Glorious Sunset?” [MUSIC: Brotherun, “Wishful Thinking” (from Brotherun EP)] Stephen J. DUBNER: In our previous episode, we talked about a set of TV...



Your To-Do List for Building More Muscle

Holly Stein/Getty Images The tricky thing about fitness — or life, for that matter — is that there is no definitive road map. Most people adopt working out as a way to get in shape, improve their self-confidence, or maybe just try and become...



China’s Market And Policy Timeline [INFOGRAPHIC]

Chinese stocks continue to plunge. Despite a Tuesday rate cut from the People's Bank of China, the $5 trillion rout rolls on. H/T Barry Ritholtz China's Market And Policy Timeline Source: Bloomberg The post China’s Market And Policy...



STOCKS GO NUTS, DOW GAINS 620: Here's what you need to know (DIA, SPX, SPY, QQQ, IWM, GS, BA, MON, SYT, SCHOMP)

The rally stuck.  After markets surged early on Wednesday, the market started to give up its gains and a replay of Tuesday's action — when the Dow gained more than 400 points but closed down 200 — seemed in the cards. But in the...



Links for 08-27-15

The Reactionary Soul - Paul Krugman Biased Estimation of Marginal Effects - Dave Giles As stocks lurch, Fed ponders twist of the dial - CBS News U.Va. Economists Build Bonds With the Federal Reserve - UVA Today Doug Porpora on social structures -...



Musings on the Wealth Effect

Photo Credit: Wally GobetzI try not to be an ideologue, and I often fail. One bias of mine is that most macroeconomic policy actions of the government or central bank either don’t help, or merely shift the problem to another...



What Evidence Did the Fed Have That the Economy is Picking Up?

The NYT told readers: "The Federal Reserve has said that it expects to raise interest rates sometime soon, given evidence over the last year that economic growth is picking up." This undoubtedly had people wondering what the paper could have in...



Links for 08-26-15

Unnatural Obsessions - Paul Krugman Political Risks May Foil Economic Reform in China - The New York Times It's Often a Curse to Be Blessed With Commodities - Bloomberg View What is known about non-bank interconnectedness? - Bank...



It’s Getting Tighter

Real private borrowing costs: up...



Some extremely misleading stock market data

Here are the performances of some of the major stock markets over the past year (actually since August 27, 2014): China (Shanghai):  2209.47 –> 2964.97  Up 34.2% Japan:  15534.82 –> 17806.70   Up...



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Investors pull another $1.8 billion from Pimco Total Return

Assets drop below $100 billion in assets for the first time in more than eight years, leaving it with about a third of the money it managed at its 2013...



The President of Harvard Will See You Now: A New Freakonomics Radio Episode

Drew Gilpin Faust, the (self-described) “pain-in-the-neck” little girl from rural Virginia who became the president of Harvard University. (photo: Harvard University) Our latest Freakonomics Radio episode is called “The...



'The Triumph of Backward-Looking Economics'

In response to Paul Krugman's recent post, "The Triumph of Backward-Looking Economics" -- no surprise here -- there is  disagreement from Steve Williamson. So let me offer this from Blanchard and Johnson's...



Fed Apologist Ritholtz Interviews Fed Apologist McCulley

Bloomberg columnist Barry Ritholtz interviewed Paul McCulley, former chief economist at PIMCO, and often mentioned FOMC candidate on the Fed's performance. The Podcast is over two hours long, so let's just go with Ritholtz's brief summary:...



Most millennials don't identify as millennials

Pew Research Center recently posted a study on how strongly different generations identify with their generational labels. While Baby Boomers and Gen X-ers tend to place themselves in their respective groups, most millennials and members of the silent...



GOOGLE Driverless Cars Run Into Problem: Humans...

GOOGLE Driverless Cars Run Into Problem: Humans...(First column, 1st story, link) ...



Why Trump Is Dangerous

The Economist: “First, as a billionaire, he will not run out of money to finance his campaign. Second, he faces so many Republican opponents that he could grab the nomination with only a modest plurality of the vote. The smart money still says...



Franklin Delano Roosevelt: The Moonshine Stimulus

Franklin Delano Roosevelt: The Moonshine Stimulus by NPR President Franklin Delano Roosevelt came to Warm Springs, Georgia in the 1920s. He suffered from polio and used the warm waters for physical therapy. Around town however, another story circulates....



U.S. Auto Sales Pace Accelerates

Auto makers overcame a holiday shift to post a strong, 17.8 million annualized pace in August, underscoring the continuing strength of the U.S. new car...



Day care workers busted for running 'Fight Club' for 4-year-olds

Maybe you shouldn't always do it for the Snap. Two former New Jersey day care employees were charged earlier this week for staging fights between toddlers and publishing the results on Snapchat, prosecutors say. See also: Snapchat shows life in the...



In search of China’s local gov debt gap… oh, sorry, we meant cap

Yes, this is the news that China has recently put in place a RMB 16tn cap on its, dangerously expanded, local government debt. Per Xinhua, and via the WSJ: The Standing Committee of China’s National People’s Congress imposed a 600 billion...



The Many Uses Of Gold

The Many Uses Of Gold by Frank Holmes Gold’s many qualities make it one of the most coveted metals in the world. Not only can it be beautifully shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is...



More On Golf, Settlement And The WSJ On Fannie Mae, Freddie Mac

More On Golf, Settlement And The WSJ On Fannie Mae, Freddie Mac by Todd Sullivan, ValuePlays I’ve refrained from commenting on the WSJ’s coverage of Fannie Mae and Freddie Mac saga for quite some time (since last December I believe)...



Twitter Improves Photo Tools To Take On Facebook

Twitter has reportedly introduced new image and video editing tools to take on rivals Facebook and Snapchat. The new tools were revealed in tweets made recently by various celebrities, says a report from Gigaom.   More options for users Whether...



Q2 GDP Revised up to 3.7%, Weekly Initial Unemployment Claims decreased to 271,000

From the BEA: Gross Domestic Product: First Quarter 2015 (Third Estimate)Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for...



Mysterious 'alien' corpse baffles scientists...

Mysterious 'alien' corpse baffles scientists...(Third column, 18th story, link) ...



What the Ashley Madison hack says about how many women cheat

Philippe Lopez / AFP / Getty Images Last week's massive, marriage-straining data dump shows remarkably few women browsed Ashley Madison, the recently hacked dating site that promises to facilitate steamy affairs. About two-thirds of...



Fed’s Fischer Givers More Clarity on Rate Hike Path

The markets are getting a new look at “just one more” view from the Federal Reserve on the timing of the interest rate hike cycle. Stanley Fischer, Vice Chairman of the Federal...



Inside the Trump-Bush Feud

Washington Post: “The 2016 campaign is merely the latest manifestation of decades of discord between Trump and the Bush family. Since the gilded 1980s, when Trump and George H.W. Bush rose as forces in their respective spheres, the relationship...



US authorities break up 'insider trading ring' that used Ukrainian hackers

Almost two dozen people face criminal and civil charges over trades based on hacked results...