Lost In The Fifties- Another Time, Another Place
Take a trip in time back to the Fifties and relive the culture, the icons and everyday life that made it a very special time. Also a brief look at the racism and McCarthyism that marked the era. This is a 3 minute video slide show, and worth the time it takes to watch it. If you lived during the 1950s you will recognize the pictures. A little nostalgia, some good memories, some not. Those who remember these times might even need a tissue should there be a leaky eye.
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Econometricians, Financial Markets and Uncertainty: An Anthropological View
Fixing the Economists Article of the Week
by Philip Pilkington
I recently read a paper by the anthropologist David Graeber entitled 'The Sword, The Sponge, and the Paradox of Performativity: Some Observations on Fate, Luck, Financial Chicanery, and the Limits of Human Knowledge'. Graeber sent it to me because we are hoping to write an article on the emergence of probability theory and its application in the financial markets.
What We Read Today 18 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.
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The Week Ahead: Counting the Fourth Quarter Earnings - What Will They Tell Us?
by Jeff Miller, A Dash of Insight
Investors have another holiday-shortened week and a light calendar of economic data. Last week included the "official" start of earnings season, but things really heat up now.
I expect market participants to be watching closely for The Message from Corporate Earnings.
Epoch Of Belief, Epoch Of Incredulity - 'Beginning Of The End'
Written by Adam Whitehead, KeySignals.com
"Call It."
It's time to start the New Year with a new title. Since the analysis is descriptive, predictive and prescriptive the continuous Dickensian headline theme will be preserved.
Real Median Household Income - No Gain vs. 1988 and 1995
Chart of the Week 16 January 2015
Written by John O'Donnell, Online Trading Academy
This was originally posted on YouTube 18 December 2014.
Debt deleveraging is still needed across the globe. The disinflation (diminishing low inflation) in Germany and France is a reflection of that problem.
Real median household income is discussed in the video following the Read more >> jump.
What Happens When Policy Ideas are Pitched Against Each Other?
from Felix Richter, Statista.com
by Niall McCarthy
by Niall McCarthy
What happens when policy ideas are pitched against each other in Britain?
Here's Why Initial Claims May Really Show 'Houston We Have A Problem'
by Lee Adler, Wall Street Examiner
The headline, fictional, seasonally adjusted finagled for initial unemployment claims came in at 316,000, which was significantly more than the Wall Street conomist crowd consensus guess of 290,000. Media pundits immediately blamed the miss on a bad seasonal adjustment factor. Apparently they heard my barrage of complaints yesterday about how they mishandled the retail sales number. The problem is that the actual, unmanipulated data really does hint at possible trouble in the employment trend.
Herr Henkel is Shocked that His Party Embraces Bigots
by William K. Black, New Economic Perspectives
If one wishes to know why Germany's financial elite embraces vicious economic assaults on their fellow Europeans of the periphery via the economic malpractice of austerity it is essential to consider not only that malpractice, but also the moral rot at the core of the German financial elite. This column updates my earlier discussion of Germany's internal financial troika, which makes Prime Minister Angela Merkel appear almost rational. My prior column skewered the New York Times' coverage of that troika. This update addresses the Wall Street Journal's woeful coverage of two members of the German troika.
Years After Tobacco Deals Sold, SEC Says Rating Agencies Still Conflicted
Special Report from ProPublica
by Cezary Podkul, ProPublica
In our story last month about credit rating agencies and tobacco bonds, we detailed numerous instances in which bankers pressured Standard & Poor's, Fitch and Moody's to give favorable treatment to bond issues being put together on behalf of state and local governments.
Trefis: Highlights Week Ending 16 January 2015
Written by Trefis
Below is a summary of the activity at Trefis during the past week that Trefis thought Econintersectreaders 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 (more than 1 article) of the week identified.
Infographic of the Day: The Carbon Footprint of Clothing
The carbon footprint of our clothes is larger than you think!
The National Debt has to be Repaid - in Some Centuries Time When Interest Rates are Zero!
by Dirk Ehnts, Econoblog101
The NY Times has recently written about the British retiring some pretty old debt. I had to add a half sentence to the text, I just had to (in bold):
After that financial crash in 1720, called the South Sea Bubble, the British government was forced to undertake a bailout that eventually left several million pounds of debt on its books. Almost three centuries later, Britons are still paying interest and those that own the bonds are receiving interest on a small part of that obligation.Now, prompted by record low interest rates, the British government is planning to pay off some of the debts it racked up over hundreds of years, dating as far back as the South Sea Bubble.
Preschool Attendance Boosts Language in Disadvantaged Children
by Penny Roy and Shula Chiat, The Conversation
All children with early language problems are at increased risk of struggling at school, and having reduced employment opportunities and life chances, but the risk of early language problems is disproportionately high for children from socioeconomically disadvantaged backgrounds.
