The Big Picture

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• Transportation Infrastructure Investment
• Awesome Oil/Energy Infographic
• 10 Thursday PM Reads
• The Fed Spectrometer
• Brother, Can You Spare 12 cents for Crumbling Infrastructure?
• Why Gold & Oil Are Trading So Differently
• 10 Thursday AM Reads
• Impact of Oil Price Drop on Producer Nation Deficits

Transportation Infrastructure Investment Posted: 12 Dec 2014 02:00 AM PST Transportation Infrastructure Investment: Macroeconomic and Industry Contribution of the Federal Highway and Mass Transit Program Transportation Infrastructure Investment: Macroeconomic and Industry Contribution of the Federal Highway and Mass Transit Program from artba

Awesome Oil/Energy Infographic Posted: 11 Dec 2014 04:30 PM PST Fantastic interactive graphic from the whiz kids in the BBRG graphics department — be sure to click through all of the delicious and informative pages of this beastie:   America Is Shaking Off Its Addiction To Oil click for interactive infographic Source: Bloomberg

10 Thursday PM Reads Posted: 11 Dec 2014 01:30 PM PST My afternoon train reads: • The Innovators: Class of 2014 – The CIO Industry Innovation Awards. Three hundred asset owners were nominated. Sixty reached the finals. These ten individuals—representing their funds and the very best of institutional investing—are the victors. (Chief Investment Officer) • Noah Smith: Sometimes Markets Are Stupid (Bloomberg View) • The mansion and the jail cell: A tale of two CEOs (Healthcare Dive) see also Crist says Scott pleaded Fifth 75 times ‘to avoid jail’ (Politifact) • Inside Job: How the Supreme Court Cozies Up to Big Business (Bill Moyers) • America Is Shaking Off Its Addiction to Oil (Bloomberg) • Study: Hot temperatures rising faster than cold temperatures over last 30 years (Washington Post) • Best photos of the year 2014 (Reuters) •  For CIA, Truth About Torture Was an Existential Threat (Huffington Post) see also I Can't Be Forgiven for Abu Ghraib: The Torture Report Reminds Us of What America Was (NYT) • Top Drones Of 2014 (The Onion) • Dick Cheney Was Lying About Torture (Politico) What are you reading?     Job Turnover Climbs While Hiring Remains Near Fastest Pace Since 2007 Source: Real Time Economics

The Fed Spectrometer Posted: 11 Dec 2014 09:00 AM PST   Federal Reserve Hawks vs Doves   click for ginormous infographic Source: Bloomberg Briefs   Text only version is here

Brother, Can You Spare 12 cents for Crumbling Infrastructure? Posted: 11 Dec 2014 06:30 AM PST In the middle of the last century the U.S. started building the Interstate Highway System. It’s now named after President Dwight Eisenhower, who shepherded its passage through Congress in 1956. Connecting the far-flung corners of this large nation, this 47,714 mile network allows commerce to flow freely. The cost of construction, adjusted for inflation, was more than $400 billion. By any imaginable measure, it was a wild success, and soon became the envy of the world. The construction and maintenance was paid for mainly through levies on sales of vehicles, tires and related goods, and a federal gasoline tax that generates about $28 billion a year for the Highway Trust Fund. The assumption was that the system’s maintenance and improvements would be paid for by users: Those who drove on the roads and highways. The fairest way to assess that was through a gasoline tax. Drive more or bigger vehicles, you pay more. Seems rather logical. Fast-forward a half-century.   continues here

Why Gold & Oil Are Trading So Differently Posted: 11 Dec 2014 05:44 AM PST

10 Thursday AM Reads Posted: 11 Dec 2014 04:30 AM PST Our early morning train reads, now with even less insider trading: • With All Due Respect Mr. Bogle (Irrelevant Investor) • The Fed and Oil: 2014 is not 2011 in Reverse (Ft Alphaville) • Asness: Efficient Frontier "Theory" for the Long Run (AQR) • The rise of rich man's subprime (Fortune) • 10 Legendary Investment Rules From Legendary Investors (Street Talk Live) Continues here

Impact of Oil Price Drop on Producer Nation Deficits Posted: 11 Dec 2014 03:00 AM PST click for larger graphic Source: Economist

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