Good morning. And we have a new low in oil. Let’s see what the OPEC has to say about that

http://www.businessinsider.com/crude-oil-is-tumbling-nov-25-2014-11

On the mystery of low productivity growth: “We are all in the dark.”

http://online.wsj.com/articles/alan-blinder-the-unsettling-mystery-of-productivity-1416873038

Deleveraging has been mixed for consumers and has not happened at all for producers…

http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-outlook-volume-2014-issue-2_eco_outlook-v2014-2-en#page20

My point exactly.

http://www.nytimes.com/2014/11/25/upshot/a-persuasive-chart-showing-how-persuasive-charts-are.html

Interesting: the Fed can still claim it needs zero level interest rates: just by switching to output gaps…

http://www.frbsf.org/economic-research/publications/economic-letter/2014/november/unemployment-monetary-policy-economic-growth-taylor-rule/

This one is different from previous versions: here it is the high skilled jos that are falling back

http://www.businessinsider.com/its-a-medium-to-low-wage-recovery-2014-11

And the US consumer is beginning to get a higher level of debt again

http://www.calculatedriskblog.com/2014/11/ny-fed-household-debt-increased-in-q3.html

Is the sell-off in Emerging Markets finished?

http://blogs.ft.com/beyond-brics/2014/11/25/em-portfolio-flows-bull-market-back-again/

Here is someone trying to explain the drop in oil prices

http://www.zerohedge.com/news/2014-11-25/2014-oil-price-crash-explained

Ah yes, the well being of the Turkey according to Taleb

http://www.businessinsider.com/nassim-talebs-black-swan-thanksgiving-turkey-2014-11

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