Without Knowledge of the Past, There Is No Future
Written by Wim Grommen
Current Problems Associated with the End of the Third Industrial Revolution
Humanity is being confronted with the same problems as those at the end
of the second industrial revolution such as decreasing stock exchange
rates, highly increasing unemployment, towering debts of companies and
governments and bad financial positions of banks. Every production phase
or civilization or other human invention goes through a so called
transformation process, a transition.
In this article I will use one such transition to demonstrate the
position of our present civilization.
Read more >>
Prometheus: Stock Market Secular Trend Review
As we note often, context plays a vital
role in the development of reliable market forecasts. Short-term price
behavior only has meaning when analyzed in the proper context afforded
by the long-term view, so all investing and trading strategies should
begin with a thorough understanding of the current secular environment.
There have been five secular [...]
What We Read Today 04 August 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list
reports on banks commiting energy market manipulation fraud ........ and
the last article explains when Roth conversions are a good idea.
Indianapolis "Officer of the Year" Attacks Man in Under 16 Seconds of Conversation
INDIANAPOLIS,
IN -- A 60-year old businessman was attacked in the lobby of the JW
Marriott hotel only 16 seconds after "Officer of the Year" T. Michael
Wilson had interjected himself into a peaceful dispute regarding hotel
services.
A Word from This Newsletter's Sponsor
The End of the "Made-In-China" Era
The 21st century industrial revolution has already begun. All because of an incredible invention that is made in America.
Business Insider calls it "the next
trillion dollar industry." The Economist compares its impact to the
steam engine and the printing press. And technology experts -- like the
guys who brought you the BMW 3-series, the F-35 fighter jet, and
Amazon.com -- think it could be "bigger than the internet."
A new investment video reveals the
impossible (but real) technology that could make you impossibly rich.
Watch it now, before the skeptics on Wall Street wise up and start
looking for their piece of the action.
Fiscal Policy and Monetary Policy: Restoring the Boundaries
by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia
The policy choices made during and after
the global recession that started in 2007 have created daunting fiscal
challenges for our country and many others around the world. These
fiscal challenges also have profound implications for monetary policy.
Although the interplay between monetary and fiscal policy is not a new
topic, in this year's annual report essay, I would like to share some
thoughts about the appropriate relationship between the two, and why it
is important to restore the bright boundaries between fiscal and
monetary policy.[1]
Infographic of the Day: The Aspiring Accountant
Accountants
fulfill an essential role in business - communicating relevant
financial accounting information. Our infographic today looks at the
various types of accountants and their salaries.
The Week Ahead: Ah, Summertime!
by Jeff Miller, A Dash of Insight
In last week's prediction for the week
ahead I guessed that it was time for action. That was an accurate guess
for the bountiful news flow, but not so much for the markets. We had
some significant intra-day swings, but the reports had an offsetting
effect. Those who were not following the daily news might have looked at
the final result for the week and given it a "Ho hum."
Housing Smoke and Mirrors (14) - 'Style Drift'
Written by Adam Whitehead, KeySignals.com
Source: The Background of Style Analysis
In Housing Smoke and Mirrors '
Sharing the Pain Cake', the
Federal Government's drift towards GSE reform was observed at the worst
possible timing against a backdrop of rising interest rates.
Read more >>
GBP/USD Could Be Setting Up For Long Position
by Mike Ber, Forex Alerts
We're seeing an opportunity in the GBPUSD
for a potential short term long trade as this pair attempts to find a
bottom after struggling for so many years since the 2008 collapse.
What If The Housing Bulls Are Dead Wrong?
by Keith Jurow, Capital Preservation Real Estate Report
. . . Appeared in Real Clear Markets 01 August 2013
Bidding wars! Multiple offers on a property. Houses selling for more than the asking price.
Has the buying frenzy of 2005 actually
re-emerged? Have the good times of double-digit year-over-year home
price increases returned out of the ashes? Or is this merely a fantasy
and all the housing bulls are flat out wrong?
Central Banks Resume Rate Cuts
Monetary Policy Week in Review - Jul 29-Aug 2, 2013: 3 banks cut, weak currencies limit India, Tunisia options
by Peter Nielsen, Central Bank News
This week 14 central banks took policy decisions, with three banks (Albania, Egypt
and
Macedonia) cutting rates in response to weak economic growth while 11
banks held rates steady, including India and Tunisia where weak
currencies limited their ability to ease policy.
The currencies of most emerging markets,
especially those with large current account deficits, weakened sharply
in May and June as capital flowed out in response to the Federal
Reserve's plan to reduce asset purchases.
Documentary of the Week: Dirk Bezemer - Why Crises Occur
Econintersect:
The is the third episode of a video lecture on money and debt. Part 1
and Part 2. Dirk Bezemer, University of Groningen (Netherlands), covers
how a debt fueled asset bubble is always doomed to burst. This leads to a
self enforcing process of debt reduction that spirals into the real
economy. This is why we call our crisis today a debt crisis or a credit
crunch.
ExxonMobil Exceeds Rivals in Emissions
by Felix Richter, Statista.com
When it comes to global efforts to reduce
greenhouse gas emissions, attention is most often drawn to the world's
major oil and gas companies, who are some of the worst offenders. Over
the past decade, Royal Dutch Shell and ExxonMobil, the world's two
largest companies in terms of revenue, have made steady progress.
