Kickitover.org | Before economics can progress it must abandon its suicidal formalism. World debt comparison: The global debt clock. EBX Group. Open Collaboration - The Next Economic Paradigm. I’ve dedicated a lot of research over the last few years to understanding the deep trends that will define the next economy.
As I’ve written elsewhere, the global economy goes through a creative-destructive cycle every 50 years. And now we’re in the midst of a collapsing paradigm that is soon to be replaced by something new. In this article, I will explain what the new paradigm is and how it will impact every sector of society — including business, government, education, and basic research. The old economic paradigm was a service economy built on the digital communications revolution that began in the early 1970′s. It is winding down now as financial capital has decoupled from productive capital and the global speculative bubble has burst. The financial meltdown of 2008 had many causes, but its most important result is that our major societal institutions have stalled out and the funding models that drove the whole system no longer work properly. ECONOMY PROFESSOR | Wild "Fat Finger" Price Swings In London Stocks Questioned.
Two of Europe’s largest publically traded companies experienced wild market swings of nearly 10% in less than a matter of seconds, a move that was quickly dismissed as a “fat finger” mistake but is being questioned by a High Frequency Trading (HFT) expert as a potential planned trading strategy. Price swings in London stock exchange In London trading today, HSBC Holdings plc (NYSE:HSBC) (LON:HSBA), the large investment bank with its own proprietary trading division, rocketed 9.9% higher at approximately 11:20 a.m. in London before falling back in price minutes later, according to a report on Bloomberg.
This market activity comes two hours after the world’s largest distiller, Diageo plc (ADR) (NYSE:DEO) (LON:DGE), dropped 11% in a matter of seconds on the London exchange before rebounding five minutes later. Speed of correction cited as reason to label event as “fat finger” HFT algorithms known to engage in rapid buying and selling The latest iteration of U.S. Wider concerns. Welcome to Forbes.