jEconomics
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Damn Fed!!
Money and Politics By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people's representatives in Congress insure some accountability for these secret agencies. It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile.Stock Mkt Economy
"A growing economy consists of prices falling, not rising." The stock market does not work the way most people think. A commonly held belief — on Main Street as well as on Wall Street — is that a stock-market boom is the reflection of a progressing economy: as the economy improves, companies make more money, and their stock value rises in accordance with the increase in their intrinsic value. A major assumption underlying this belief is that consumer confidence and consequent consumer spending are drivers of economic growth.
Economics Reference
Description: The book is usually considered to be the beginning of modern economics . It begins with a discussion of the Industrial Revolution . Later it critiques the mercantilism and a synthesis of the emerging economic thinking of his time. It is mostly known due to the idea of The Invisible Hand which is an often quoted phrase from the book. Its meaning is that people will unintentionally improve their community through pursuit of their own wants and needs. The Butcher, the Baker, and the Brewer provide goods and services to each other out of self-interest; the unplanned result of this division of labor is a better standard of living for all three.
You're a savvy, savvy consumer. You pay your credit card bills in full every month, auto-deduct a generous portion of your paycheck into savings, invest in index funds, and always make sure you're getting the best deal from your cable and wireless providers. Unfortunately, some of your brethren do not read Consumerist and can get caught up in the jaws of predatory lenders, wasting limited cash on things like payday loans, bad credit cards, and using rent-to-own stores. So let's take a walk down the wild side and see how each of these bad choices work, in a giant infographic, courtesy of Mint and WallStats , after the jump.
Predatory Lending
Gold & Inflation
In recent times, with gold reaching all-time highs, we have seen people question the valuation of assets in dollars. Basically, the yardstick used to measure your assets — your house, car, or stock portfolio — is a steadily shrinking one. This makes you wonder whether your savings are really growing in value. In other words, if the value of your savings has doubled, but the price of milk and everything else has roughly doubled, you are not getting ahead.Stimulus Spending
I decided to publish nearly all of my response to Steve’s arguments in this diary, since Ron seemed to find it quite helpful. As I told Ron, I could simply respond with a list of counter-claims, but I thought Steve would want to debate all the underlying assumptions, so I provided him with the following lengthy, detailed response. The first time I published this (in the afternoon, about five days ago) several readers said it would help them to respond to their wealthy Republican friends/acquaintances.
Moneychimp: Stocks
Intro to Modern Portfolio Theory : understand diversification and the Efficient Frontier, find a portfolio with the maximum Sharpe Ratio; why index funds are theoretically optimal.
AS, A2 & IB Economics Revision Notes This is a new, comprehensive collection of free revision notes to support core topics on your AS, A2 or International Baccaleaurate Economics courses. Click on the relevant tab to find suitable notes. tutor2u is proud to sponsor TABS Cricket Club and the Wetherby Junior Cricket League as part of our commitment to encourage participation in local junior sport
Economics Revision Notes
Few things are more inspiring than the day you decide to get your finances in order. You start planning and plotting on how you will save more money and spend more wisely. You begin to set short and long-term goals and take visible steps toward reaching them. Before long, you’ve squeezed all the advice you can from newspaper columns and free web articles.
Top 25 Free Personal Finance e-Books
For a new investor, the stock market can feel a lot like legalized gambling. "Ladies and gentlemen, place your bets! Randomly choose a stock based on gut instinct and water cooler chatter!