Trefis: Highlights Week Ending 04 October 2013
Written by Trefis
Below is a summary of the activity at Trefis during the past week that Trefis thoughtEconintersect readers would find interesting.
Trefis is a financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. It provides the unique feature of allowing the user to model future valuation based upon projected changes in components of each business. It also provides communication capabilities among members, including consensus of member analysis compared to Trefis staff analysis and blogging opportunities for members.
Click on graphic for larger image and go to
Trefis interactive page.
Click "Read more..." to see our clickable table of contents with the most covered companies of the week.
Iceland: Independent of Eurozone Debt Slavery
by Dirk Ehnts, Econoblog101
Iceland is not one of the EU-17 (aka the Eurozone), the group of countries using the euro common currency. As a result the malfeasance of bankers has not rained down on the citizens of that country converting them to slaves of austerity.
What We Read Today 05 October 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on one of Bill Gates' self-declared mistakes (ctrl-alt-del) that he blames on IBM ........ and the last article is about India's first contraction of the Composite PMI since the Great Recesssion.
A Word from This Newsletter's Sponsor
We Just Raised the Price Target for this Bakken Stock.
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And massive new land purchase could send production higher.
Now we are upping the share target for this $8 gem to $26.
Missing the Monthly Jobs Report Is Good for the Markets
Written by Steven Hansen
It is time go look at a positive development of the government shutdown - no BLS Jobs Report on Friday. This report is dangerous in real time.
Driverless Revolution
Why the Next 3 Years Will Be Huge for the Auto Industry
by Josh Grasmick, Daily Reckoning
A few days ago, in an essay titled The Auto Industry's $2 Trillion Breakthrough. I showed you how your car could be 90% driverless within the decade, according to what most of the big automakers say.
Ellen Brown Interview on AMTV
Econintersect: Ellen Brown was interviewed in August by Christopher Greene of AMTV (Alternative Media TV). The topic was no surprise: "The Fed and Public Banking Explained". The 26 minute interview can be seen on video following the Read more >> jump.
Research Suggests Wages not Profits Drive Economic Growth
Econintersect: It sounds like Karl Marx reborn. Research by Leon Pokammer at the Vienna Institute for International Studies has studied correlations between wages, profits and economic growth on a global scale. A paper just published in the real-world economics reviewdiscusses the correlations among falling wages, rising profits and slowing economic growth. Of course, this is different from the Marx labor theory of value in that the current study is not suggesting that all value derives from labor.
Click on picture to view original image at The Guardian.
Fiscal Policy and the Effects of Policy Uncertainty
by Christian Matthes and Josef Hollmayr - Working Papers, Federal Reserve Bank of Richmond
The recent crisis in the United States has often been associated with substantial amounts of policy uncertainty. In this paper we ask how uncertainty about fiscal policy affects the impact of fiscal policy changes on the economy when the government tries to counteract a deep recession. The agents in our model act as econometricians by estimating the policy rules for the different fiscal policy instruments, which include distortionary tax rates.
Banking Globalization, Transmission, and Monetary Policy Autonomy
by Linda S. Goldberg - Staff Reports, Federal Reserve Bank of New York
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of the international policy trilemma: Countries seek three typically desirable but jointly unattainable objectives-stable exchange rates, free international capital mobility, and monetary policy autonomy oriented toward, and effective at, achieving domestic goals.
Global Financial Stability Report - Transition Challenges to Stability
from the International Monetary Fund (IMF)
What were the efforts of policymakers to revive weak credit growth, which has been seen by many as a primary reason behind the slow economic recovery? The chapter argues that policies are most effective if they target the constraints that underlie the weakness in credit. But it cautions policymakers to be aware of the fiscal costs and implications for financial stability of credit-supporting policies.
Merit Aid, Student Mobility, and the Role of College Selectivity
by Rajashri Chakrabarti and Joydeep Roy - Staff Reports, Federal Reserve Bank of New York
This paper investigates the role of college selectivity in mobility decisions (both in-state and out-of-state) of freshmen students following Georgia's HOPE scholarship program. How did HOPE affect the selectivity of colleges attended by Georgia's freshmen students? Did it induce Georgia's freshmen students who would have otherwise attended more selective out-of-state colleges to instead attend less selective in-state ones?
Infographic of the Day: China in Numbers
The end of WWII marked the birth of China as we know it today. After the Second World War, a civil war broke out between the once-allied Chinese and Japanese. In the end, Communism prevailed and the People's Republic of China was born in 1949. Want to learn more about China and its people?
