Roberto Abraham Scaruffi

Sunday, 25 January 2015

Open Systems Economics

Article of the Week from Fixing the Economists

by Philip Pilkington

I recently came across a fascinating paper by Victoria Chick entitled 'The Future is Open: On Open-System Theorising in Economics'. I want to focus on a specific aspect of the paper; namely, Chick's discussion on the psychological possibilities of actually teaching open systems.

What We Read Today 25 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 Eurozone Is Doomed: Why ECB Bond Purchases and the Greek Election Don't Matter

by Elliott Morss, Morss Global Finance

Introduction

The European Central Bank (ECB) just announced a $70 billion per month bond buying plan. And Greece will probably elect an anti-austerity government on Sunday. Neither will do much to remedy the problems of the Eurozone.

High-speed Archer's Video Of Incredible Trick Shots

As reported in 'The Telegraph', Lars Anderson uses ancient bow and arrow techniques to perform archery as you have never seen it before. A Danish archer has released a video of himself shooting targets with a skill and speed that makes the Lord of the Rings' elf archers look like amateurs. Lars Anderson claims to have become the fastest archer in the world today by studying historical descriptions of ancient war archery to re-discover their techniques.

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The Week Ahead: All About Europe?

by Jeff Miller, A Dash of Insight

There is plenty of economic data this week and earnings season is in full swing. Despite this, I suspect that news from Europe will dominate the market discussion.

I expect market participants to be watching closely for 'The Message from Europe'.

2014's 10 Biggest VC Deals Were Worth Nearly $50 Billion

from Felix Richter, Statista.com
by Niall McCarthy

In 2014, venture capital funding in the United States hit its highest mark since 2001.

Union Membership Rate In 2014 Is 11.1 Percent, Down From 11.3 Percent In 2013

from Bureau of Labor Statistics

In 2014, the union membership rate--the percent of wage and salary workers who were members of unions - was 11.1 percent, down 0.2 percentage point from 2013, the U.S. Bureau of Labor Statistics reported today. The number of wage and salary workers belonging to unions, at 14.6 million, was little different from 2013. In 1983, the first year for which comparable union data are available, the union membership rate was 20.1 percent, and there were 17.7 million union workers.

Why Does the Euro Need a Liquidity Fix?

Answer: It Doesn't

by Constantin Gurdgiev, TrueEconomics.Blogspot.in

So Euro area needs liquidity... sovereign liquidity, right?

Earnings and Economic Reports: Week Starting 26 January 2015

Written by Merlin Rothfeld, Online Trading Academy

Econintersect: Here is a day-by-day rundown of the global economic calendar events for the coming week and the important earnings announcements each day, as well.

Video presentation follows the Read more >> jump. merlin-rothfeld-ptr-380px

Merlin Rothfeld

Documentary of the Week: Will DNA Resolve the Fate of the Lost Colony?

Econintersect: The first English settlement in North America was on what is now called Roanoke Island in 1587. The settlement there was 22 years before the first permanent settlement at Jamestown in Virginia. The fate of the Roanoke Island settlement has been an investigation of archaeologists for more than 100 years. It vanished from the Roanoke Island site sometime between when they were left there by Captain John White who returned to England for supplies in late 1587 and when he was finally able to return in August 1590. In 2012 GEI News reported on new developments in the quest for the Lost Colony involving a map that belonged to Capt. White, who was a cartographer and artist. The picture below is a woodcut by Theodor de Bry based on a watercolor by Capt. John White.

Click for full, larger picture and access at Wikipedia to other art by Capt. John White.
woodcut-theodor-dbry-from-watercoler-by-john-white-380x220

Increasing Chinese Tourists Traveling to USA Despite the Strong Dollar

Written by Yuhua Zhang, GEI Associate

During the past six months, US dollar showed a powerful appreciation trend among the world currencies. Based on the statistics from Oanda Corporation, US dollar appreciated about 12% against Euro , about 18% against Japanese Yen, and about 10% against Canadian Dollar and British Pound in the past several months.

Trefis: Highlights Week Ending 23 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.

The Currency Wars' 'Pearl Harbor'

by James Rickards, Daily Reckoning

The most dramatic battle yet in the currency wars took place last Thursday. It was the financial equivalent of a Pearl Harbor sneak attack...

Stratfor: RED ALERT - Is Russia Preparing a New Offensive in Ukraine?

from STRATFOR

Reports of heavy rocket artillery firing on the eastern parts of the city of Mariupol, Ukraine, as well as a statement made by a separatist leader, indicate the potential preparation of an offensive on the city. While this would be a significant escalation and an indicator of Russian intent to push further into Ukraine, potentially forming a much-rumored land connection to the northern border of Crimea, there are also several indicators required for such an offensive that are currently still missing.

Infographic Of The Day: Extreme Winter Situations

Are you prepared for extreme winter situations?

It's Here: Why the Greek Election is So Important

by Theo Papadopoulos, The Conversation

The Greek election tomorrow (January 25) is the most important in recent memory. If the pollsters are proven correct, Syriza is poised to win by a large margin and this victory will end four decades of two-party rule in Greece.