Monday’s November report on US industrial production (scheduled for release on Dec. 16) is projected to post a 0.3% rise vs. the previous month, based on The Capital Spectator’s average econometric forecast. The expected gain marks a modest rebound after October’s 0.1% decline. Meanwhile, the Capital Spectator’s average projection for November is a bit lower than a consensus forecast via a survey of economists.
Continue reading →

Europe’s economic crisis could be mutating again
Barry Eichengreen (The Guardian) | Dec 10
Deflation could be replacing debt as the main problem – and there’s nothing to suggest the ECB is up to the job.
Continue reading →