Archive for November 30th, 2017

Billionaire Elon Musk defied his doubters to beat Friday’s 100-day deadline and install the world’s biggest battery in the Australian outback. He’ll probably relinquish that crown by February.

More…

Comments No Comments »

The oil producers of the world are becoming serious about production. Getting OPEC member nations to live up to their commitments for cuts has always been a challenge right from the beginning. Many of them, of course, have few alternative economic capacities that would readily offset reductions in each respective energy space. Its one way in which global oil prices are more inelastic than modeled supply/demand curves.
Despite that, Bloomberg reported a few weeks ago that October was the first month in which all OPEC members honored their reductions. Not only were member states in…

More…

Comments No Comments »

George Bernard Shaw once quipped, “If all economists were laid end to end, they would still not reach a conclusion.”
Theres truth to Shaws commenteconomic forecasting is tricky and imprecise. Everyones crystal ball is hazy, including mine.
But that doesnt mean all economic indicators are created equal (or rather, are equally unreliable). Some indicators are historically and statistically sound:
A recession has never occurred when the Conference Board Leading Economic Index is high and rising, andAn inverted yield curve has successfully predicted the last six recessions.
Today,…

More…

Comments No Comments »

Earlier this year, Sears opened opened its first branded appliance and mattress store in Texas.

More…

Comments No Comments »

Seventy-three percent of Obamacare plans sold on HealthCare.gov for 2018 have more restrictive networks of health providers, up from 54 percent in 2015.

More…

Comments No Comments »

A payday lending group plans to sue the Consumer Financial Protection Bureau over a new rule that tightens regulation of its business providing high-interest loans that borrowers use to make ends meet. 

More…

Comments No Comments »

A day after Noble laureate Joseph Stiglitz said bitcoin should be outlawed, another winner of the economics prize said the digital currency will eventually repeat the U.S. stock market crash that preceded the great depression.

More…

Comments No Comments »

<p>Stocks ended sharply higher Thursday as the Senate got closer to voting on a bill aimed at overhauling the U.S. tax code.</p>

More…

Comments No Comments »

<p>Stocks traded higher on Thursday as the Senate got closer to voting on a bill aimed at overhauling the U.S. tax code.</p>

More…

Comments No Comments »

It slashes Medicare by billions and will leave millions without insurance.&nbsp;

More…

Comments No Comments »

Despite all the debate about it so far, the answer is still unknown, but state-level experiments provide some clues

More…

Comments No Comments »



More…

Comments No Comments »

<p>Stocks traded higher on Thursday as the Senate got closer to voting on a bill aimed at overhauling the U.S. tax code.</p>

More…

Comments No Comments »

<p>Stocks opened higher on Thursday as the Senate got closer to voting on a bill aimed at reforming the U.S. tax code.</p>

More…

Comments No Comments »

It slashes Medicare by billions and will leave millions without insurance.&nbsp;

More…

Comments No Comments »