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Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash

Can you feel the panic in the air?  CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100.  The closer it is to zero, the higher the level of fear.  Last Monday, the...



KRUGMAN: Of course Greece had a plan for a new currency (GREK, EUR, EURUSD)

Well, duh. Greece had a plan to introduce a new currency if it got forced from the euro, and Nobel Laureate and New York Times columnist Paul Krugman can't believe people are shocked (shocked!) to find this out.  "I...



A hedge fund billionaire says there are only two things you need to remember about investing

There’s more than one way to skin a cat. The stuff that Paul Tudor Jones has made his billions based on does not appear in any traditional investing text book. Ben Graham would read his stuff and roll over in his grave. For example, the idea of...



The Investor Trait And How Buffett Would Find, Analyze And Value Stocks

The Investor Trait And How Buffett Would Find, Analyze And Value Stocks by Jae Jun, Old School Value [buffett] I definitely have lazy areas. When it’s cold and raining, I don’t want to take my dogs out to the park where they’ll get wet...



'Debt Miracle: Why the Country that Borrowed the Most Industrialized First'

"When we consider the dangers of debt in today’s world, we should keep an eye on its potential benefits as well.": Debt miracle: Why the country that borrowed the most industrialized first, by Jaume Ventura and Hans-Joachim Voth,...



“Lowflation” forever in the US?

Although inflation in the US has been low and stable for many years, it still tends to dominate policy discussions at the Federal Reserve. At Janet Yellen’s latest press conference, “inflation” was mentioned 40 times, while...



The new era of the $400 college textbook, which is part of the unsustainable higher education bubble

A new milestone must have been established recently – we’re now officially in a new era of the $400 new college textbook and the $300 used college textbook, see graphic above showing the top 15 most expensive textbooks at the...



'The Old Man and the CPI'

Paul Krugman: The Old Man and the CPI: I don’t watch financial news, but CNBC was on in the gym, so I was treated to a long ad from Ron Paul, who wants you to buy his video explaining the coming crisis brought on by loose money. And I found myself...



'The Rise in Obesity'

From Vox EU (and in today's links), can economic factors explain the rise in obesity?: Changing economic factors and the rise in obesity: The dramatic increase in obesity has raised the question of whether economic incentives can explain this...



Links for 07-25-15

Fire Phasers - Paul Krugman Depression's Advocates - Brad DeLong Time to Re-estimate the U.S. Output Gap - Econbrowser Professor Keynes is Optimistic - Twenty-Cent Paradigms The tilt, or lack thereof, in the tax code - Jared Bernstein Why Greece...



Staff economic projections for the June 16-17, 2015, FOMC meeting inadvertently included in file posted to the Board's website

Staff economic projections for the June 16-17, 2015, FOMC meeting inadvertently included in file posted to the Board's...



Our Nightmare Is Over: Betty Crocker Rainbow Chip Frosting Is Back In Stores

(Betty Crocker)If you’re a food company and there’s a Facebook group where more than 16,000 people ask you to bring back a discontinued product, you should probably pay attention. Betty Crocker’s rainbow chip frosting...



John Paulson Doubles Down On Puerto Rico Bet

Despite the island commonwealth's financial woes, or perhaps even because of them, tropical Puerto Rico has been garnering a good bit of attention from global hedge funds the last few years. In the most recent news on Thursday of this week, John...



Links for 07-24-15

The Village, the Base, and Saint John - Paul Krugman Raising the minimum wage - mainly macro Attracting students to economics - Vox EU How to fix the Euro - interfluidity Proxies for monetary disequilibrium - Nick Rowe After the crash, can biologists...



The Rise of the Tech Industry

click for ginormous graphic click for ginormous graphic Source: The...



Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here

If you are looking for a “canary in a coal mine” type of warning for the entire global economy, you have a whole bunch to pick from right now.  “Dr. Copper” just hit a six year low, Morgan Stanley is warning...



Reducing risk-taking by regulating bonuses: EU vs US Dodd-Frank

Bankers’ compensation has been indicted as a contributing factor to the Global Crisis. The EU and the US have responded in different ways – the former legislated bonus caps, while the latter implemented bonus deferrals. This column examines...



Meerkat is about to let you live stream video from your GoPro

Live streams on Meerkat are about to get a lot more exciting. GoPro owners will soon be able to live stream video from their action cameras directly to the live streaming app, Meerkat announced Thursday. See also: Meerkat's new Cameo feature lets...



The July Jobs Report Is Going To Crush It

Brace for impact because the July jobs report is shaping up to be a monster. The Department of Labor has reported that initial claims for unemployment insurance fell by 26,000 to 255,000, the lowest level since November 24, 1973. As Business Insider...



Regulators Seek Info On Wall Street Messenger Platform

Financial regulators in New York are concerned that a new messaging platform could encourage traders to commit misdeeds. The large Wall Street banks have been working on a messaging platform developed by Symphony Communications. Now Anthony J. Albanese,...



Aziz Ansari Needs Another Toothbrush: A New Freakonomics Radio Episode

Our latest Freakonomics Radio episode is  “Aziz Ansari Needs Another Toothbrush,” in which the comedian, actor — and now, author — answers our FREAK-quently Asked Questions. (You can subscribe to the podcast...



What Apple Inc. could buy with its cash [INFOGRAPHIC]

Tech titan Apple has been piling up the cash at a truly remarkable rate. Over the last five years or so, the iPhone maker has piled up a $203 billion war chest. That's a great deal of money. To put it in perspective, with that $203 billion dollar...



Visual Correlations Between Rent and Housing Prices

Via Barry Ritholtz, we were impressed by the following chart from Bloomberg indicating at "when your city became unaffordable", as measured by percentage of the income earned by a typical 22-to-34 year old American worker within a given major...



Links for 07-23-15

The Half-Lives of Others (Wonkish) - Paul Krugman How to easily devalue the Greek Euro - Mean Squared Errors My longstanding hatred and loathing of logit - Chris Blattman How sacrosanct should inflation targeting be? - croaking cassandra Examining...



'Annoying Euro Apologetics'

My response to this argument that economists don't get the politics of the euro was simply "I think we get the underlying political motivations. But whether the euro was politically motivated for the most part, or not, economics matters...



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El-Erian warns markets on Greek deal

The former Pimco co-CEO warned investors should be prepared for a difficult implementation of the terms of the...



CITY INTERVIEW: Bureaucracy-bashing Barclays chairman John McFarlane on ousting former boss Antony Jenkins

John McFarlane, the new chairman of Barclays bank, spent a large chunk of his career Down Under, and the Aussie traits of blunt speaking, combined with lack of false modesty, have rubbed...



Microsoft to Cut Up to 7,800 Jobs, Mostly in Its Phones Unit

The company will shed more than 6 percent of its workers and take a charge against earnings related to its acquisition of Nokia’s smartphone...



Women’s World Cup Final: 20 Million Interactions From 9 Million Facebook Users

Some 9 million Facebook users were responsible for approximately 20 million interactions on the social network related to the championship match of FIFA Women’s World Cup Canada 2015 Sunday night, in which the U.S. defeated Japan 5-2. Facebook...



Toshiba accounting probe set to prompt board reshuffle, possible fines

By Ritsuko AndoTOKYO (Reuters) - A probe into an accounting scandal at Toshiba Corp is expected to find that top management were responsible for failures on a company-wide scale, setting the stage for a board overhaul, results restatements and...



50 Cent Files For Bankruptcy

 Rapper 50 Cent aka Curtis Jackson filed for chapter 11 bankruptcy protection on Monday. According to court documents filed in the U.S. Bankruptcy Court in Hartford, Connecticut, the 40-year-old rapper "reported assets...



Disaster In Europe



Greek banks are down to their final 500 million euros (GREK)

Greek banks are down to their 500 million euros.  Writing in The Telegraph on Thursday, Ambrose Evans-Pritchard cites the head of the Hellenic Chambers of Commerce, who told The Telegraph that, "We are reliably informed that the cash...



Bill Ackman Best Investment Ideas are Fannie Mae and Freddie Mac

Bill Ackman, the founder and CEO of Pershing Square Capital Management said the most interesting investments in his portfolio right now are Fannie Mae / Federal National Mortgage Association and Freddie Mac / Federal Home Loan Mortgage Corp. During his...



How to use Facebook’s new News Feed controls

Facebook made a pretty big announcement Thursday, saying it will now allow users much greater control over what appears in their News Feeds. The change comes after several attempts by the social network to organize the feed by using algorithms that took...



Parts Of Social-Sharing Site Reddit Go Dark In Apparent User Revolt

After the firing of a key figure at the website, moderators of many of Reddit's most popular sections have gone private in apparent protest.» E-Mail...



'Jeb and the Nation of Takers'

Paul Krugman: Jeb and the Nation of Takers: Maybe we were unfair to Mitt Romney; Jeb “people should work longer hours” Bush is making him look like a model of empathy for the less fortunate. ... But I think it’s also important to...



Greece Says No

Updated on July 5, 2015 4:57 pm On Sunday, Greek citizens took to the polls in a controversial referendum asking them whether they support a plan calling for continued economic austerity in exchange for debt relief. Their answer—with more than 70...



IMF Considering London Agreement As Greece’s Template As No Vote Expected

With a weekend vote in Greece potentially triggering a derivatives default in Greece, one that banks and Larry Summers have indicated they are prepared for (“foam is on the runway,” Summers said last week), what are the variables to consider...