FURTHER FURTHER READING
- Noah Smith on the QE-deflation debate.
- David Beckworth on same.
- The economics of cheap drone delivery.
- Kevin Drum on bubbles, bubbles everywhere.
- Has the contrarian investors' day come?
- Colleges are teaching economics backwards.
FT EVENING ROUND-UP
Amazon drones face hurdles to get off the ground: "Amazon's plan to deliver packages to consumers via unmanned aerial drones must overcome huge safety and regulatory obstacles before it is viable, according to aviation experts and drone makers. Its move to develop vehicles more associated with the war on terror triggered the blaze of publicity it wanted on Monday – a big day for US online shopping – but sceptics questioned the plan's feasibility." (Financial Times)
Boost for manufacturers as global demand picks up: "Rising global demand sparked a pick-up in manufacturing activity across the world in November, according to polls of purchasing managers. Activity in the US rose at its fastest pace since April 2011, continuing a run of strong Institute for Supply Management data, at the start of a crucial week of data ahead of the US Federal Reserve's policy meeting on December 18." (Financial Times)
Default fears mount as Ukraine turmoil deepens: "Ukrainian bond prices fell sharply and the price of insuring against a default on government debt surged on Monday as tens of thousands of demonstrators continued to protest in the country's biggest political crisis in nearly a decade. Extended political uncertainty, with disruption to government work and the threat of strikes, could damage Ukraine's already fragile economy and public finances, analysts warned, increasing the risks of a currency crisis." (Financial Times)
