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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: Still Too Early to Tell if September Hike Will Happen

It's still too early to tell if recent market turmoil has made a September rate hike more or less compelling, Federal Reserve Vice Chairman Stanley Fischer told CNBC this morning. In other words, the Fed is driving completely by the seat of its...



10 Friday AM Reads

What a week! You are almost to the goal line. Our morning train reads will see you through: • Computers are the new Dumb Money (TRB) see also How ETF investors messed up during this week’s market scramble (Yahoo...



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...



Wonkblog: What the Ashley Madison hack says about how many women cheat

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 male users, or 20.2 million, had...



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! ...



Decades of discomfort and tension inside Trump-Bush melodrama...

Decades of discomfort and tension inside Trump-Bush melodrama...(Third column, 4th story, link)Related stories:GEEKS UNITE! Jeb raffling off ticket to Colbert debut... ...



'Q2 GDP Revised up to 3.7%'

Are you as convinced as Tim is that rate hikes are off the table at the Fed's next meeting?: Q2 GDP Revised up to 3.7%, by Bill McBride, Calculated Risk: From the BEA: Gross Domestic Product: First Quarter 2015 (Third Estimate) Real gross...



Are You Ready for a Glorious Sunset? A New Freakonomics Radio Episode

(photo: Josep Ma. Rosell) Our latest Freakonomics Radio episode is called “Are You Ready for a Glorious Sunset?” (You can subscribe to the podcast at iTunes or elsewhere, get the RSS feed, or listen via the media...



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...



What Is NYSE Rule 48 And Why Is It Invoked?

The New York Stock Exchange (NYSE) invoked Rule 48 again on Tuesday to prevent panic trading during the opening of the stock markets. The NYSE implemented Rule 48 for the second consecutive day-- a historic move. Yesterday, the exchange invoked Rule 48...



Biden vs. Clinton Could Get Ugly

Michael Tomasky: “Biden would have no choice but to build a run around the idea that she’s too risky. He or his surrogates will need to press the idea that the party could nominate Clinton and then next fall, Trey Gowdy finds that Holy...



Top Dem fundraisers to meet...

Top Dem fundraisers to meet...(Second column, 5th story, link)Related stories:SHOCK POLL: 46% Think Hillary Should Suspend Her Campaign...GEFFEN FLASHBACK: NO MORE CLINTONS...Obama gives Biden 'blessing' to run...Group circulates...



Stocks in China Continue to Dive; Global Markets Elsewhere Stabilize

Across Asia, the free fall of the past few days appeared to have ended — except in China, where Shanghai stocks opened 6.4 percent...



CNN: Obama gives Joe Biden 'blessing' for 2016 bid...

CNN: Obama gives Joe Biden 'blessing' for 2016 bid...(Second column, 1st story, link)Related stories:Top Dem fundraisers to meet... ...



Panic Is Not a Strategy—Nor Is Greed

by Liz Ann SondersAugust 24, 2015 In a world where time horizons have shrunk precipitously, think longer term. ...



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Bringing Data and Intro Econ to Discussions of China's Currency Devaluation

The NYT went a couple of miles over the top with Peter Eavis' analysis of China's currency devaluation. It begins by telling readers; "For years, China looked like the principled noncombatant. As other countries, seeking to secure an...



How China devalued the yuan for the first time in two decades, and why it matters

What has the People's Bank of China done to change how the currency's daily reference rate is...



SEC Approves Rule That Shines Light On CEO Pay Ratio

The Securities and Exchange Commission voted Wednesday on new rules that require public companies to list their chief executives' total annual compensation as a ratio to their workers' median pay.» E-Mail...



'Black Monday': Global stock markets plunge into the red following fierce sell-off in China

The slump sparked panic selling on global markets with the FTSE 100 index at one point down more than 400 points while the Dow Jones Industrial Average opened more than 1,000 points...



Is Vanguard Making It Too Easy for Cybercriminals to Access Your Account?

NEW YORK ( TheStreet) -- At first, the technology-support expert on the other end of the line didn't believe what Vanguard Group's client relationship manager, Karen Brock, was telling him. An angry Vanguard customer had called her to say...



Rokos Capital To Launch $3 Billion Hedge Fund This Fall

Former Brevan Howard wunderkind Chris Rokos is about to strike out on his own. Forty-four-year-old Chris Rokos, a trader who earned $4 billion in profits for a Brevan Howard macro fund between 2004 and 2012, is ready to spread his wings with well over...



Edward Jones Agrees To Pay $20 Million SEC Fine, Highlighting Larger Issue

When brokerage firm Edward Jones agreed to pay over $20 million to settle Securities and Exchange Commission charges it overpriced new issues of municipal bonds, neglecting to mention the additional fees to clients, in doing so it opened up a larger...



Fed Watch: FOMC Minutes Give No Clear Signal

Tim Duy: FOMC Minutes Give No Clear Signal, by Tim Duy: The FOMC minutes from the July 28-29 FOMC meeting were released today. Arguably they are stale. Arguably they have been overtaken by events. And because the Fed has been very good about not...



Highlights From the First Republican Debate Night

The seven Republican presidential candidates who didn't make the cut for Fox News' prime-time debate gathered earlier on Thursday for what some commentators derisively called the...



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...



Why Do We Really Follow the News? A New Freakonomics Radio Episode

(photo: Garry Knight) Our latest Freakonomics Radio episode is called “Why Do We Really Follow the News?” (You can subscribe to the podcast at iTunes or elsewhere, get the RSS feed, or listen via the media player above. You can also...



Google’s Alphabet Move Is Reorganizing 101

The announcement that Google would be reorganized into a holding company named Alphabet has already been interpreted in multiple, often conflicting, ways. Joseph Bower, a strategy professor at Harvard Business School, offers up the simplest...



Biden Moves Ahead with Planning Possible Bid

Vice President Joe Biden “and those who support him are moving to put the pieces into place for a possible candidacy,” the New York Times reports. “The vice president directed Mr. Harpootlian to get in touch with one of...



Russia Hacks Pentagon Systems: REPORT

Russian hackers successfully launched a “sophisticated cyberattack” against the Pentagon, NBC News is reporting.The Pentagon's Joint Staff unclassified email system was taken off line for nearly two weeks starting around July 25, NBC is...



China Bites The Cherry



Apple car accelerates as Cupertino reportedly seeks a testing facility

Apple is rumored to be developing a self-driving car, but this isn’t just a distant dream. The company might be testing a prototype as we speak. The Guardian dug up documents revealing that Apple is looking for a facility to test its...



Apple Music Hits 11 Million Trial Members

Apple Music, which was launched about one month ago, has successfully acquired 11 million trial members for its services, says a report from USA Today, which cites company executives. The U.S. firm is offering the service on a three-month free...