Archive for December, 2010

US Changes How It Measures Long-Term Unemployment

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I am watching Enron: The smartest guys in the room, and I learned about mark to Market accounting… WHY IS THIS EVEN LEGAL ?!?!

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Housing prices double dip

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Retirement account fantasy and middle class erosion – 1 out of 3 Americans has zero dollars in a retirement account. From 1950 to 1989 top 1 percent earned roughly 7 to 8 percent of nationwide income. Today it is inching closer to 20 percent resembling pre-Great Depression levels.

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Gerald Celente – Trends Research Institute: Top Trends Of 2011

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Happy 100th Birthday to Ronald Coase

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Official /r/economics Book List

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If you have a book about economics add it to the list. If you have time please include an amazon link and/or a general description of the book(s).

Upvote quality books.

Here are some from a previous list

submitted by drivefaster
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Japan and the Limits of Keynesianism

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The demand for economic demand: Companies are not stockpiling cash for an uncertain future. Businesses are eager to invest and grow. Just not in markets where demand is flat or falling.

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CA woman arrested for insider trading. Made $200,000 for passing technology related information to hedge funds.

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The 2010 labor market in one graph – "Note that the big drag on the labor market’s recovery has been cuts in public-sector jobs."

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In 1995, a new measure of poverty in the US was proposed. It would based on the level of disposable income, which includes things of non-cash value (like food stamps) and excludes cash that can’t go to basic needs (like income tax and child support). Why aren’t we using this?

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Obama likely to pursue "corporate-tax cut" by eliminating deductions, credits and loopholes.

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US unemployment remains high even though companies are performing well — US businesses are hiring but these jobs are mostly overseas

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Should The Government Be In The Mortgage Business?

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Nationalist accounting tricks: Immigration reduces inequality

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The code everybody is running makes sure nobody else is cheating – nobody else is creating more bitcoins than are allowed, nobody is trying to spend their bitcoins more than once, and that bitcoins are only being spent by their rightful owners.

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The Case of the Missing U.S. Jobs

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Despite the voluminous and often fervent literature on ‘income distribution,’ the cold fact is that most income is not distributed; It is earned.

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2011- What’s coming? Prognostications of the next year by Bruce Krasting. (see comments for what he got right about 2010)

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