The Abenomics Surprises Just Keep Coming … by Pater Tenebrarum
‘Japan is facing a demographic problem. Its population is declining and aging rapidly. More and more people need to rely on their savings to make ends meet. Unemployment meanwhile is very low, as the active labor force is shrinking. It is not immediately obvious which problem Abenomics was supposed to ‘solve’.The rich invest in real estate, poor want gold: Barry Ritholtz
If you want to know what someone's views of society are, ask what they believe is the best long-term investment.The Democratic Disruption of Finance
What is less appreciated, however, is the extent to which a broadly similar phenomenon may be starting to play out in finance, via a democratization process that could gradually reconfigure a notable part of the institutional landscape, particularly in consumer finance, while challenging regulators to adapt.Humanity's Frightening Uncertainty About the Economic Consequences of Climate Change
Events like these show how climate change, which will result in more severe storms, will have a huge and varied global economic impact, and that the impacts will hit locally and ripple out by affecting supply chains, consumer behaviors, regional economies, and downstream jobs.How to Hedge Your Investments
Hedging can be considered as an insurance policy. Investors can opt to hedge when they want to prevent their portfolio from being hurt in the event of any particular scenario occurring. Killing the Maximum-Wage Myth
If this sounds like the labor market for a lot of other workers, that’s because they’re very similar. The labor market for the top 1 percent is not fundamentally different from the labor market for other workers. Time to stop following defunct economic policies
As John Maynard Keynes observed in 1936, when he challenged the economic orthodoxies that were aggravating the Great Depression: “The ideas of economists, both when they are right and when they are wrong, are more powerful than is commonly understood. With Government Roads, the Customer Is Always Wrong
From the moment automobiles became commonplace in society, people have been dying in them at astonishing rates. Tragically, over the last century almost 40 million people (around 35,000 per year) lost their lives on U.S. roadways alone, with India, China, and Russia averaging almost 300,000 per year combined.Investment Risk And Return Trade-Offs - Myths And Gross Misconceptions, DuPont Illustration
Academic definitions of risk are fatally flawed, leading to rational and logical rejection of MPT and of many practices by the investment industry establishment.Book Review: Money, Blood And Revolution
Economics, Cooper argues, is not yet a science; instead, it “exhibits all of the symptoms of being in one of Thomas Kuhn’s states of pre-revolutionary scientific crisis.”Shift focus from export basket to domestic plays
Rate-sensitive and cyclical stocks like those in the auto and financial sectors seem to be the favourites of most investment managers. Our strategy has been to seek interesting plays on the likely economic recovery and the accelerating investment rates.The Dangers of Leverage
The concept of borrowing money is commonplace nowadays and debt-related financing options for individuals for all kinds of purchases are not hard to come by. Hussman Weekly Market Comment: The Federal Reserve's Two Legged Stool
Extraordinary market returns and dismal market returns both come from somewhere. Long periods of outstanding market returns have their origins in depressed valuations. Long periods of dismal market returns have their origins in elevated valuations. If capitalism can’t save the world, what can?
Simply put, capitalism is not working. Not for the majority of us, that is. Capitalism is a system that favours those who already have wealth, concentrating more of it in fewer hands, and this poses a danger to all of us.The Growing Threat To Capitalism
American exceptionalism, the country’s qualitatively demonstrable advantage over other nations, used to be characterized by individualism.Quantitative Easing: Could It Possibly Happen in Europe?
The ECB says that unconventional measures, including quantitative easing (QE), could be used to cope with risks of a too-prolonged period of low inflation. The Risk Trap
Human perception of risk is leading us to repeat the same mistakes again and again.So are we are condemned to an endless cycle of booms followed by busts or is there a better way to understand market risks and risk in general with the advent of new work in the field of behavioural finance?HMRC is intending to sell anonymised tax data
Government plans to share taxpayers' data with private firms were condemned as "borderline insane" by a senior Conservative MP. Under the proposals, HM Revenue and Customs would be allowed to release anonymised information to third parties including companies, researchers and public bodies where there is a public benefit.Frank Hollenbeck’s Parallel Universe
The claim that mathematical models are not useful in economics, because “the parameters are not constant, most of the variables are interrelated with constantly changing interrelationships and omitted variables, like expectations, some of which being immeasurable, are conveniently assumed away as unimportant.”The Logical Progression of “Public Accomodation”
Inherent in the demand for service is the demand for quality — quality commensurate with the price, of course. Now, if I had some claim to the labor of someone else, it is fair to assume he would not welcome that claim and its implication of servitude.