A Thermodynamic View of Money
Heat Sinks and Debt Sinks
by Reverse Engineer, Doomstead Diner
Discuss this article at the Economics Table inside the Diner
A while back, I tried to clarify the way Money works as a Proxy for Energy in the Money Valve series, in which I took a detailed look at how the various facets of our Industrial system conspire to turn Resources into Waste over time.
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Market Commentary: Averages Trade Sideways, WTI Oil Falls Below $50, DOW Closes Down 331, Upside Trend Still Intact
Closing Market Commentary For 01-05-2015
Oil stopped falling in the early part of the afternoon session and so did the equities. WTI oil has remained below 51 since it touched 50.02 earlier in the session and then went below 50 at 2:30 this afternoon. Current wisdom indicates we have NOT seen the last decline.
By 4 pm the session remained down and traded sideways until the close. The 'oils' and disruptive issues in Europe and Greece are driving the markets and further downside is expected, however, the upside trend has not been breached - yet!
What We Read Today 05 January 2015
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
China frees prices of commodities, services in fresh reforms(Reuters) China has freed prices of 24 commodities and services, removing all price controls on agricultural products, among other reforms, its top economic planning agency said. This completes a program for the farm produce market started in 1978. The government has now only retained its regulatory role through state storage programs, by maintaining minimum prices and giving subsidies on some products. Freight and passenger prices have also been left to market forces, along with several other services.
Market Commentary: Averages Trading Sideways, DOW Off 310 Points As Volume Falls
Midday Market Commentary For 01-05-2015
Noontime markets are in a somewhat sideways holding pattern in that Mr. Market hasn't decided what he wants to do next.
By noon the trend was still down, but flatting a bit on falling volume. The DOW is still off triple points and WTI oil trades below 51.
How to change a light bulb at the top of a 1,500ft TV tower
Somebody has to change out that light bulb at the top of those tall TV towers!
Market Commentary: Markets Open Lower As WTI Oil Drops Into $50 Range Spooking Investors
Opening Market Commentary For 01-05-2015
Premarkets down -0.6% primary because WTI oil dropped into the $50 range, marking another new 5 year low. Markets opened lower with a large number of BTFDers jumping in temporarily halting the slide before SPY touched -0.9%.
By 10 am the averages were still falling on moderate volume mostly on 'oil shock', but I do not see a bear market forming just yet. However, I would be cautious.
A Few Thoughts To Wrap Up 2014
X-factor Report, 04 January 2015
by Lance Roberts, Streetalk Live
Last year came and went but not without a good bit of excitement and intrigue along the way.
High-Level Fed Committee Overruled Carmen Segarra's Finding on Goldman
Special Investigative report fro ProPublica
by Jake Bernstein, ProPublica.org
A committee that includes senior Federal Reserve officials reviewed and overturned a bank examiner's finding that Goldman Sachs lacked a firm-wide policy to prevent conflicts of interest, according to a top Fed official.
Greece, the Troika, and the New York Times
by William K. Black, New Economic Perspectives
As I have explained in prior articles, there is an excellent chance that the Troika's infliction of austerity on the eurozone's periphery could, as with the austerity inflicted under the Washington Consensus continue to produce such long-term rolling recessions that it creates a political dynamic that discredits such economic malpractice and brings to power leaders elected on the promise that they will adopt economically literate policies.
Crisis Chronicles: The Panic of 1819 - America's First Great Economic Crisis
by James Narron, David Skeie, and Don Morgan - Liberty Street Economics, Federal Reserve Bank of New York
As we noted in our last post on the British crisis of 1816, while Britain emerged from nearly a quarter century of war with France ready to supply the world with manufactured goods, it needed cotton to supply the mills, and all of Europe needed wheat to supplement a series of poor harvests. The United States met that demand for cotton and wheat by expanding agricultural production, facilitated by the loose credit policies of a growing number of lightly regulated state banks.
Infographic of the Day: History of the NBA jersey
The style, the material, the sponsoring companies have all changed over time.
FCC Sets Deadline for Vote on Net Neutrality
by Nadia Prupis, Common Dreams
This appeared originally in Common Dreams 03 January 2015.
The Federal Communications Commission will vote on new rules and restrictions on net neutrality in February, officials said Friday.
Insider Trading 02 January 2015: Insider Buying Declines
by Asif Suria
Insider buying declined last week with insiders buying $18.4 million of stock compared to $83.07 million in the week prior. Selling also declined sharply with insiders selling $258.37 million of stock last week compared to $628.05 million in the week prior.
Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 14.04. In other words, insiders sold more than 14 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 7.56.
What would Happen to the Climate If We Stopped Emitting Greenhouse Gases Today?
by Richard B. Rood, The Conversation
Earth's climate is changing rapidly. We know this from billions of observations, documented in thousands of journal papers and texts and summarized every few years by the United Nations' Intergovernmental Panel on Climate Change. The primary cause of that change is the release of carbon dioxide from burning coal, oil and natural gas.
Nearly 1 in 5 U.S. Adults Plan to Buy Wearable Tech
by Felix Richter, Statista.com
Wearable technology is on the verge of breaking through to the mainstream in the United States.
