11-08-2015, 12:26 AM
For the first time in half a decade of stagnation, government policy has turned expansionary in the US, China and the eurozone at the same time. Fiscal austerity is largely over. The combined money supply is surging.
I'll eat my hat if we are anywhere near a global recession - Telegraph
OK, at this point someone will point out that Druckenmiller has made billions, and I haven’t. Indeed; in normal times Druckenmiller could doubtless run circles around me in terms of outguessing the market. But here’s the thing: the post-2008 period has been one in which the instincts of master traders, developed in a very different era, have been a poor guide to events. What has worked, instead, is Macroeconomics 101, which is why people like me — or, if you really dislike yours truly, Ben Bernanke — have done pretty well.
Roosting Chickens and Fed-Bashing - The New York Times
Chinese drone maker DJI has partnered with open source Ubuntu OS provider Canonical to release a computer embedded on a drone platform, helping developers turn their drones into intelligent, autonomous machines capable of performing complex computing tasks on their own... Such computing capabilities could enable the drone to sense their surrounding environment but also identify objects and react accordingly.
Vision processing and AI set to take-off, literally - Electronics Eetimes
The United States spends more on health care than any other developed nation. That's one finding from a new report, "Health at a Glance 2015," from the Organization for Economic Cooperation and Development (OECD). We're spending more than twice the amount on health care compared to several other countries including Germany, Canada, and France, where actual health outcomes have been better for years.
OECD health report on health expenditure - Business Insider
There might be much less slack in the labor market than Janet Yellen thinks. That's the prognosis offered by Stephen Williamson, vice president of the St. Louis Federal Reserve. In a recent note, the economist examined different metrics that paint varying pictures of the U.S. labor market's strength.