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Ed Dolan's Econ Blog » Inflation is Quiet, So Why are People Still Feeling its Pain?
Author: Ed Dolan · · Share This Print 29 15 This week’s report from the Bureau of Labor Statistics shows no change in the seasonally adjusted U.S. consumer price index for April. Real average hourly earnings were also unchanged. On the face of it, those numbers should take inflation off the list of things people have to worry about, but they don’t. Instead, every time I post numbers that show inflation is low, I get comments like these:6. Finally, a comparison between what we spend on defense and what the rest of the world spends. The US expends about six times what China, Iran and North Korea combined spend on their military. (See second chart below.) This entry was posted in 2012 Election , Bizarre But Real , Corruption , Economy , Global Politics , Obama , Republicans and tagged Bush , Charts , Federal Budget , GOP , MIC , National Debt , Pentagon , Taxes , Unemployment .
The Economy By the Numbers | Fishink
Money/Feynman,_Rothbard,_and_the_Science_of_Economics - Brain Food
The following is a highly edited version of a comment thread found on the blog Gene Expression . The thread discusses the role of empricism verus deduction in the social sciences. The star commenter PhysicistDave actually studied under Feynman, which gives him some nice cachet.
Oftentimes you’ll read an article in the middle of a market day about how “the market is responding” to the jobs report, or the manufacturing index, or sentiment reports. That kind of makes sense – it is shorthand for the fact that the people betting on the market are, as a group, reacting and changing their bets based on new news. If the expectation was for 200,000 jobs to be added but only 120,000 jobs were added, you’d expect disappointment and a drop in the S&P index. Even so, this language is pretty confusing, since it’s certainly not true that everyone who invests in the market is doing this – most people with money in the market don’t do anything at all on a given day. Okay then, let’s interpret it as meaning something kind of reasonable like, “of those people who respond to this news by changing their bets, a majority of them are betting in one way which is moving the market.”
Who is the market? « mathbabe
Earlier this month, Generation Investment Management, a firm I co-founded along with David Blood, released a white paper on the importance of sustainable capitalism. The White Paper defines Sustainable Capitalism as a framework that seeks to maximize long-term economic value creation by reforming markets to address the real needs of all stakeholders while considering all costs. The challenges facing the planet today are unprecedented and extraordinary; climate change, water scarcity, poverty, growing inequality of income and wealth, demographic shifts, and a global economy in a state of constant dramatic volatility and flux, to name but a few. While governments and civil society will need to be part of the solution to these challenges, ultimately it will be companies and investors that will mobilize the capital needed to overcome them.
Al's Journal : Sustainable Capitalism
Hale “Bonddad” Stewart is a former bond broker with several regional firms. He has been involved with the financial markets since 1995. He is a graduate of the Thomas Jefferson School of Law’s LLM program with a dual concentration in international and domestic taxation.
Memo To Political Bloggers: Please Stop Writing About Economics; You Really Suck At It | The Big Picture
Photo: © Copyright 2006, The Nasdaq Stock Market, Inc.
Nanosecond Trading Could Make Markets Go Haywire | Wired Science | Wired.com
Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities.
The Neuroeconomics Revolution - Robert J. Shiller - Project Syndicate
The 1% are the very best destroyers of wealth the world has ever seen | George Monbiot | Comment is free | The Guardian
Our common treasury in the last 30 years has been captured by industrial psychopaths.
There are many reasons why gold is still our favorite investment – from inflation fears and sovereign debt concerns to deeper, systemic economic problems. But let’s be honest: It’s been rising for over 11 years now, and only the imprudent would fail to think about when the run might end.