Posting might be light the next while. This is the last 3 weeks of classes for the summer, so I have to study a bit harder to ensure I ace the finals.
Also, some idiot got the idea to draft me for jury duty, and while they do typically let off students, I might still have to go down to the courthouse and present documents in person.
The month of August is clear sailing, though I might go back to work, and if not I might buy a DVD player (yes I'm one of those people) and watch a few seasons of the new Doctor Who.
Here's some stuff for the weekend:
New Deal Demoncrat - weekly indicators. He seems to be piddling his panties a bit, but far as I'm concerned if tax withholding is positive and intermodal is positive, the US is still okay.
The Krugginator - the Fed is going to fuck shit up when they raise rates. But ultimately the Fed is always going to be slaves to the kleptocratic elite.
Ben Bernanke - Europe isn't holding up its end of the bargain. Money shot:
What is a problem, however, is that Germany has effectively chosen to rely on foreign rather than domestic demand to ensure full employment at home, as shown in its extraordinarily large and persistent trade surplus, currently almost 7.5 percent of the country's GDP. Within a fixed-exchange-rate system like the euro currency area, such persistent imbalances are unhealthy, reducing demand and growth in trading partners and generating potentially destabilizing financial flows.3 Importantly, Germany's large trade surplus puts all the burden of adjustment on countries with trade deficits, who must undergo painful deflation of wages and other costs to become more competitive. Germany could help restore balance within the euro zone and raise the currency area's overall pace of growth by increasing spending at home, through measures like increasing investment in infrastructure, pushing for wage increases for German workers (to raise domestic consumption), and engaging in structural reforms to encourage more domestic demand. Such measures would entail little or no short-run sacrifice for Germans, and they would serve the country's longer-term interests by reducing the risks of eventual euro breakup.But don't expect Germany to raise a finger to correct its structural imbalance with the rest of Europe. Especially not because the most successful central banker of the past decade has said it's necessary to save the EZ.
Reuters - Indian road building hasn't been. All those Thatcherites who worship Modi should be asked to explain how he's going to improve India's economy when he can't even get a single highway built. By the way, India: I'm pretty sure at least a couple of your nationals work at highway agencies like MTO; you should ask them to come over to India and explain to your incompetent bureaucracy how to purchase the right-of-way before issuing the fucking construction contract.
Mining.com - oh thank god China just reported its gold reserves, now the goldbugs can shut the fuck up. By the way Cecilia, you're not quoting Business Insider. You're quoting a BI reprint of an article from Zerohedge, the famous Russian propaganda website.
MSN - ice cream parlours: dens of evil! Quote:
But perhaps the most outrageous anti-ice cream parlor screed was published in a 481-page 1909 book called War on the White Slave Trade, in which the Illinois Vigilance Association tore the city’s taste for cool treats to shreds.And ultimately it did all boil down to American fear of the swarthy foreigners that owned and operated ice cream parlours, who so obviously intended to use ice cream to lure white women into prostitution and white slavery.
“One thing should be made very clear to the girl who comes up to the city,” the association warned, “and that is that the ordinary ice cream parlor is very likely to be a spider’s web for her entanglement.” They went on to describe how foreign-owned ice cream establishments were “recruiting stations” for prostitution, where “scores of girls have taken their first steps downward.”