Best of the Web: 14-11-26, nr 1115

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.”
4gVHxfwtRWNCATUwwkha_0rjDjXI4tmZFuxI_O8AapFuH3Jg_s8hkIw40RQaLEb1TNDrGEwYWMd6ZblmGOfm-ZaI2TFzqM4623vx_Qy33vdJ9Gl311FOlmkA6viUcuisXw
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…
4_3NgGTBvt7nOJ5Fs9huzkvMnJYCWvZ8H2v5yI__R2hwhhI8Gw9rOv_Xj1EHcKXEXhRTxmUDV_zO66y5x3JtFA4Gebq5Dqyna2Pc9Cxfcdyhd6Aej178OD_-bDB6TfeDow
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.
MXDD1xVTKiwXd0S2zZozpFEpQTs4PoWHVbZF5rzQRlxEt0ju72sjGewMXl6zb8aspuY3GTH0-ibCegI4QYmWHYKBrectMHQHR9WZRsKUpIjpgLEpKyQYBN0MiUf27dJ2jA
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…
Y53sjoQEFJ3Kz4BVKGeCNmeF0ZTXT48WCym0UyLtqFxZqHZeCBAdb-PF6BcSZ3Oift01lhSvL2KItrT2u8gb9zzfd6AmEJhBEgB7rCIqmkPXapZDEsfXkpY_a1TCzN24jg
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
Xm7CA2Zo90Q-O0Gzz5VtaAgt6tfjMGlulggYwZC9MNLyzRq-zT4tquIMZin8m_WTgLf9Cf3mDFlVvMlr1auzXY2Xjg6cOdujxmQ07JIZVu5EV530jRBhYD9Lc_c7AAb5Jg
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
2xQ4Ef6WFkRK32jp9C_N7Y6Qn1h4pErxyTZdOk5rOEukJs6_89_PjQYcwadtQdvtPjycY6z3uVgyGSUuYkc1otrGpCVa3KkP_fslbQ2CDcC4IVDgxtIQWH2qGCT46jsSZQ
http://www.calculatedriskblog.com/2014/11/ny-fed-household-debt-increased-in-q3.html

Is the sell-off in Emerging Markets finished?
cl5T8V9mt_-w8rox22VjOdnY_HUqUghyGcIjH73dZ9_CiLRh9MmC1CscJ-_8RsIal3mOiye9ofbDP3jES5kldJoE1q7XU40UZLKc9VGJgRzRmD6bhPlLu8-HAAt0UBPj6Q
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
GLiAPyj5mG4fL7yhiQKkInQWTjMYJYqVQ333COpZ-23zNs-1BaFfaiL1xmHrye79eCuINnbLreh0kbn7KLsyAIHDZVxVdmVjkRZLvpZHqYXixoeVUZDxSUwFCc_VafTMVw
http://www.zerohedge.com/news/2014-11-25/2014-oil-price-crash-explained

Ah yes, the well being of the Turkey according to Taleb
QVxpf3iB2p_w3PQxW4Hb4AK0cxn4C9WdNu3Kf5GK8T2tLXCblmac5uV4T6lrp0v7zkGyLYR5KX0_tmDrfZC9-pf-J3QV06-155ONCykmL7uG0Lot7bwB41WpkPGGg2NICw
http://www.businessinsider.com/nassim-talebs-black-swan-thanksgiving-turkey-2014-11

A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!

 

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