U.S. Treasury Debt: Virtuous Circles, Vicious Circles, and Mathematical Intersections
“A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. They refer to a complex chain of events that reinforces itself through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results.The Sharing Economy: Why Even the Mainstream Wants a Piece of the Pie
The gap between the haves and the have-nots has narrowed with the emergence of the sharing economy, in which online and mobile technologies connect people who want goods or services – for reasonable prices and limited stretches of time – that others are willing to offer.Is Secession the Answer? The Case of Catalonia, Flanders and Scotland
Although the economic integration of Western Europe has proceeded at a rapid pace in recent decades, the political borders of the region have remained almost entirely unchanged since the end of World War II.Alternative Currencies and Financial Practices
The current financial system is addicted to growth, through such things as the debt-based creation of money, the charging of interest upon debts, and the growth assumptions embedded in the valuation of shares and other financial assets.Emerging Markets Leaders: What’s in Store for 2014?-video
As 2013 draws to a close and market participants the world over consider their outlook for 2014, there is both good and bad news on the opportunity front. The good news: there are many compelling investment opportunities for next year. The bad news: there is wide agreement about the biggest risk to nearly every forecast, and that is global monetary policy.Quick Easy Example of Why Efficient Market Hypothesis Is Wrong
The Efficient Market Hypothesis (EMH) has long been a staple among academics and business schools. The basic premise behind EMH is that markets are efficient in the processing of information; meaning that stock prices always reflect all publicly known facts, and as new facts become public knowledge, the market instantly updates this information and the stock price fluctuates accordingly.What’s the Problem with Advanced Economies?
Is today’s slow growth in advanced economies a continuation of long-term secular decline, or does it reflect the normal aftermath of a deep systemic financial crisis? More important, do we need to answer that question definitively in order to boost the pace of economic recovery?An Agenda to Save the Euro
It has been three years since the outbreak of the euro crisis, and only an inveterate optimist would say that the worst is definitely over. Some, noting that the eurozone’s double-dip recession has ended, conclude that the austerity medicine has worked.Yacktman Funds Interview - Great Answers from Great Investors
The Yacktman Fund seeks long-term capital appreciation, and, to a lesser extent, current income. When they purchase stocks they generally search for companies they believe to possess one or more of the following three attributes: (1) good business; (2) shareholder-oriented management; or (3) low purchase price.Brazil: Is This Emerging Market Now a Buying Opportunity?
Brazil's economy contracted in the third quarter for the first time since early 2009 as a steep drop in investment showed flagging confidence in what was recently one of the world's most attractive emerging markets.Positive ADP Reports Blow Away Expectations
First off, ADP's jobs report of 215,000 jobs created in November blew away expectations of 178,000 — a 21% positive surprise. And October's relatively paltry 130,000 has been revised up to 184,000, as well. Both Construction and Manufacturing rose by 18K last month, and for Manufacturing it's easily the best performance all year.Why I Am an Anarcho-Capitalist
A great many people — more than ever, probably — describe themselves as supporters of the free market today, in spite of the unrelenting propaganda against it. And that’s great. Those statements of support, however, are followed by the inevitable.'Marketing Myopia' Revisited: Perhaps a Narrow Vision is Better Business
Perhaps it's time for a marketing person to point out the myopia in management thinking. A myopia that has undermined companies like Kodak, IBM, Sears, Xerox, Dell, Hewlett-Packard and many others.Euthanasia of the Economy?
This is an inside-baseball view of a not-so-minor issue involving central banks and ZIRP. The FDIC charges 7-10 basis points on deposits for the national deposit insurance scheme. At close to the zero bound, the fee means that banks can lose money on deposits. As Chris and David point out, this is just another distortion being fed into the system. Why Household Income Is Down Five Years Straight
Between 1999 and 2012, the typical US household lost over 9% in income. According to the Census Bureau, the median household income was $51,017 in 2012, compared to $55,080 at the peak in 1999. In short, most Americans are working harder but earning less. Today, we’ll look at the data and discuss why this trend continues even though the economy is in a slow recovery.How Work Has Taken Over Our Lives
But despite how much coverage the concept has gotten in recent years, there still doesn't seem to be much consensus on what's \"normal\" when it comes to work-life balance in America.The Rise of an Insecure Giant
By the time China overtakes the United States as the world’s largest economy sometime in the next few years, it will have cemented its status as a major military power – one whose drive to assert itself strategically already is inspiring serious anxiety among its neighbors.Who Should Lead the Global Economy?
In terms of global economic leadership, the twentieth century was American, just as the nineteenth century was British and the sixteenth century was Spanish. Some Chinese and Europeans think that they are next. Are they? And should they even want to be?Europe’s Red-Tape Economy
Over the past 60 years, the project of European integration has confronted many challenges: post-war economic hardships, the heavy yoke of communism, and the uncertain footing of the post-Cold War world.Another Way to Make Finance Safer
Since the financial crisis erupted in 2008, policymakers have sought to make the world’s banks safer, mainly via detailed instructions: use more capital, avoid specified risky activities, provide more transparency, and punish reckless behavior.