Caffeine Links Tax Day: 4-17-2012

• Argentina Seizes Oil Producer YPF, as Repsol Gets Ousted – Bloomberg

  Hmmm. My guess is it won’t be all that bad for Argentina.

• Brazil’s Unpredictable Central Banker Tombini Confounds Critics – Bloomberg

  Huh – turns out this guy was lowering rates during a period of inflation, and inflation is moderating. I wonder why that happens.  h/t the MMT Trader

• Civilian Unemployment Rate (UNRATE) – FRED – St. Louis Fed

  Just awful

• Why Richard Koo’s idea won’t save the Eurozone | Felix Salmon

• The Last Starfighter | The Reformed Broker

  Didn’t he read Player of Games?

• U.S. Minimum Wage Lower Than in LBJ Era Needs A Raise – Bloomberg

  The Communists at Bloomberg call for a higher minimum wage: $9.80 per hour.  They want to raise the minimum wage to “Eisenhower” levels, and we had unemployment of 3-4-5% during the 1950s (6-7% during recessions)

  tags: minimum wage Economics bloomberg

• Europe’s Economic Suicide – NYTimes.com

  My phrase of 2010: “If you like the Gold Standard, you should love the Euro”

• Twitter / @Federal_flashes: #Chicago I’m calling for a …

  May Day! Will there be a General Strike

• What Does “Fair Value” Accounting Say About the Government? | Next New Deal

  swaps but it didn’t convey the point well, so let’s try it a different way.  Imagine two identical firms A and B, who are making identical loans.  They should use the same discount rate, correct?

  tags: Economics government

• Economy killers: Inequality and GOP ignorance – Salon.com

  In retrospect, in fact, the era from the 1970s to 2008 was marked by a series of deregulation-induced crises, including the hugely expensive savings and loan crisis; it’s remarkable that the ideology of deregulation nonetheless went from strength to strength.

• Endogenous Money « Uneasy Money

• China’s renminbi move welcomed – FT.com

• KRUGMAN: Why The New Crisis In Spain Is Actually A Good Thing – Business Insider

• Mark Cuban’s Career Advice – Business Insider

  100% Agree. Don’t follow your passion. Use 100% focus on what you need to do to get the project you decide to do done and then move on.

• Great Depression Job Loss – Business Insider

  Something else to consider is we’re vastly richer today. A 10% drop in living standards takes us to 1998, which was pretty good. A 10% drop in 1929 is far more damaging.

  PIMCO | Equity Focus – ​Newtonian Profits

  Factory Fallacies

  M.A.R. Main Evidence Directory

  Now, this is life on Mars! I like this stuff and have followed it for decades now.

  Mars Viking Robots ‘Found Life’ : Discovery News

  Whoa!
  Brian May – Wikipedia, the free encyclopedia

  Brain May, the awesome guitarist for Queen, is also an astrophysicist.

  Kaldor’s Reflux Mechanism

  Wall Street Women Invented ‘Vocal Fry’ – CNBC

  This was also common on the trading floor with the women there, and it seems to have been a sorority standard for a while too.

  Shadow banking out of the shadows – FT.comFT Alphaville » The inevitability of shadowy banking (and how to regulate for it)

  This is very much along my evolving views banking should be regulated under rule of law style thinking, where everything not specifically allowed is prohibited.  And I like the term, shadowy banking

Posted from Diigo. The rest of my favorite links are here.