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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). The recent price swings highlight a new era of uncertainty gripping the world’s energy markets. hbr staff/bettmann/Getty Images.

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Over the past few years, non-financial corporations in a number of EMEs have borrowed heavily through their foreign affiliates in the capital markets, with the debt denominated mainly in foreign currency.

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7 Skills That Aren’t About to Be Automated

Harvard Business

It’s no wonder, then, that young people are anxious about their ability to compete in the job market. The most basic form of communication is constructing a compelling story. He wrote a short document titled Good Product Manager/Bad Product Manager and used it to train his team on his basic expectations.

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You Don’t Need to Be a Silicon Valley Startup to Have a Network-Based Strategy

Harvard Business

They grow faster, make more money, and are more valued than companies organized around products and services. But most successful companies used electricity and motors to reinvent their existing businesses, whether in manufacturing, transportation, or construction. Value is in the products and services themselves.

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Reflections on "Uncertainty"; Yellen Expects Rates Hikes but "Uncertain" about Growth, Jobs, Inflation, Wages

MishTalk

Employment Slack It is my judgment that the lower level of the unemployment rate today probably does not fully capture the extent of slack remaining in the labor market--in other words, how far away we are from a full-employment economy. Also, statistical noise or measurement issues may have played some role. exports.