International Developments
❖ Aftermath of Israeli hits inside Syria: “Russia, China express alarm” . Israel’s Prime Minister said the air strikes “did not aim to weaken [President Bashar al-Assad] and dismissed the prospects of an escalation”. Oil prices went up. Turkey won’t intervene...
Niall Ferguson’s Latest Gay Bashing is the Least of His Problems
Written by Devin SmithNiall Ferguson’s Latest Gay Bashing is the Least of His Problems
By William K. Black
(Cross posted at Benzina.com)
It is always a disaster when devotees of theoclassical economists speak their minds in front of what they think are friendly audiences. Mitt Romney’s attack on 47% of Americans as leeches that it was his job not to represent were he el...
My own answer in the current edition of the International Speculator is that no one really knows, but
...Karzai Says He Was Told By CIA That Despite Exposure Cash Bribes Will Continue
Written by DSWright
The CIA faced some embarrassment when it was revealed that the intelligence agency had been giving Afghanistan President Hamid Karzai bags of cash for favorable treatment. This revelation was embarrassing for a number of reasons. First, it confirmed reports that Hamid Karzai was running a corrupt government with facilitation by agents of the U.S....
Handicapping the Potential Successors to Ben Bernanke
Written by Casey Research[Ed. note: This article originally appeared as a guest contribution in the "Midweek Matters" Casey Daily Dispatch .]
A couple of days after the Fed announced Ben Bernanke would not attend the Jackson Hole summit, for the first time in twenty five years, the New York Times (on the first page, no less) ran an in-depth profile of Janet Yellen, the...
Make ‘em Prove the Causality before They Cause Any More Suffering: Part Three, Reinhart – Rogoff Retrospective
Written by Joe FirestoneThis post is a more complete statement of my conclusions based on the analysis in Parts One and Two of this series. As I’ve explained in Part Two, there’s no reason in the Reinhart-Rogoff (R-R) data to believe that the debt-to-GDP...
Hoping for change? The evidence now indicates that youth unemployment in America has now surpassed Europe and other developed countries , marking a stark turnaround from previous trends. The United States has become a land of diminishing opportunity for the young.
...For all of Europe’s troubles — a left-right combination of sclerotic labor markets an
In This Issue.
* Jobs Survey beats the estimates.
* Aussie March Retail Sales disappoint.
* RBA meets tonight to discuss rates.
* Norges Bank to meet this week.
And, Now, Today's Pfennig For Your Thoughts!
Looking Under The Hood.
Good day. And a Marvelous Monday to you! Another wet, soggy, and colder than normal weekend here in the Midwest.
...Syrian Government Says Attack By Israel A ‘Declaration Of War’
Written by DSWrightFears that the Syrian Civil War would cause further regional instability seem to have been justified as the Syrian government has stated that...