Economics & Finance
- Catherine Rampell at Economix: Rating the Credit Raters
- Rebecca Wilder at News N Economics: Malicious ECB Rate Hikes [also see her post from September: The European debt crisis in charts]
- Michael Darda of MKM Partners: Memo to the ECB - Money's Too Tight
- James Kirkup at The Telegraph (UK): Euro doomed from start, says Jacques Delors [Delors was a key architect of the Euro] (via Credit Writedowns)
- Kash Mansori at The Street Light: Italy and Japan
- Joe Weisenthal at Business Insider: Guess Which Country Has Debt Of Nearly 1000% Of GDP...; The Entire Sovereign Debt Crisis Can Be Understood By Looking At Sweden Vs. Finland
- David Cay Johnston at Reuters: The Taxpayers Burden and Closing Wall Street's Casino [absolutely fascinating chart showing bank failures, de-regulation & income inequality in the US since 1910 and another on fewer Federal financial prosecutions in 2000+ era]
- Hannah Shaw at CBPP's Off The Charts Blog: Exploring Income Inequality, Part 5: The Concentration of Income and Wealth
- Mish's Global Economic Trend Analysis: Banks Make $13 Billion on $7.7 Trillion in Secret Fed Loans; SEC Stands by Does Nothing
- Mike Konczal at Rortybomb:
Comparing the Federal Reserve's Reaction to the Financial Crisis Versus the
Unemployment Crisis [Wow!]
- Konczal says: "To recap: Lehman Brothers goes worse than the Federal Reserve’s projection and the Fed goes to the most extreme lengths it can find to extend emergency lending. Every single unemployment number turns out to be worse than all of the Federal Reserve’s projections, and the Federal Reserve finds every excuse to look the other way. Only Charles Evans has the courage to say that we should let inflation go to 3% while unemployment is over 7% to catch up to trend growth. Amazing."
- Historinhas: The "hole theory of unemployment" (via)
- Bill McBride at Calculated Risk: Employment Summary, Part Time Workers, and Unemployed Over 26 Weeks
- Menzie Chinn at Econbrowser: The November Employment Situation
- Mark Thoma at Economist's View: Unemployment Falls, But Is It Good News?
- Brad DeLong: The Household Survey: A Note on the December 2, 2011 Report
- Barry Ritholtz at the Washington Post: Did Black Friday save the season? Beware the retail hype.
- Kenneth Rogoff: Is Modern Capitalism Sustainable? (via)
- Paul Krugman at NYT: British Debt History; Bleeding Britain; Explaining Business Investment; The Summer of Confidence; Memories of VSPs Past; Oh? ECD; There is Something Not Rotten (in the State of Denmark);
- Noahpinion: Harrison & Kreps 1978: The power of irrational expectations (via)
- Vivek Wadhwa in the Washington Post: China opens doors of state-run companies to world's top talent
- Vivek Wadhwa in the Washington Post: Why silicon valley should fear India
On that last article....I agree with much of Wadhwa's observations about India based on my experience - in particular, these passages:
India’s information technology sector may have started by running call centers and maintaining old computer code for American companies. But, today, instead of starting more I.T. services companies, a new breed of Indian entrepreneurs are developing high-value technology products based on intellectual property.
But something is missing in India: The angel investors, venture capitalists, and, most critically, experienced mentors. This problem will fix itself as more companies achieve success and seasoned entrepreneurs decide to give back to the next generation. When that happens, Silicon Valley better watch out. It is in for some very real competition.
Energy & Environment, Food Security, Climate Change
- Bad news from Justin Gillis at NYT: Carbon Emissions Show Biggest Jump Ever Recorded [in 2010]
- More bad news from Joe Romm at Climate Progress: WMO: 2011 Is Warmest La Niña Year on Record and Science “Proves Unequivocally” It’s “Due to Human Activities”
- John Hartz in Skeptical Science: Separating signal and noise in climate warming
- McKinsey report: Resource Revolution - The next agro-industrial revolution (via)
- Nick Bhardwaj at Business Insider: It's Suddenly Cheaper To Eat Out
- Joe Weisenthal: This is the future of work in America [not surprising given healthcare costs have been increasing rapidly]
- Gus Lubin and Robert Johnson at Business Insider: College Students Need To Look At These Charts Before Deciding On A Major [not really, but the stats are interesting]
- Shai Bernstein of Harvard Univ: Does Going Public Affect Innovation? [the answer is yes and negatively so] (via)
- Flashback: David Brin at Contrary Brin: Libertarians and Conservatives must choose: Competitive Enterprise or Idolatry of Property [also see]
- Joe Romm at Climate Progress: Luntz Warns GOP on Occupy Wall Street, “Don’t Say Capitalism” Because Americans “Think Capitalism Is Immoral”
- Barry Ritholtz at The Big Picture: How to Use Google Search More Effectively
- Bruce Bartlett at Capital Gains and Games: How Newt Gingrich Added $16T to the National Debt
And this to wrap up - Bullish Cross claims Apple is the Most Undervalued Large Cap Stock in America.