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
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)
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?
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
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
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