Brazilian Bubble. Narratively: Local stories, artfully told. Bloomberg Anywhere Login. Ijapicap. Economist - GDP, Inflation - Analysis on Japanese economy by Mr. Takuji Okubo. Near zero growth in 2015 In our view, the Japanese economy is entering a period of low growth through the second half of 2014 to 2016.
We forecast that the real GDP growth will decelerate from 1.5% in 2013 to 1.0% in 2014, followed by a barely positive growth of 0.4% in 2015. Growth in Japan turning south from April 2014 Japan has enjoyed a period of robust growth, lasting more than a year, till early 2014. However, Q2 2014 would be the turning point for the economy. Policy makers seem out of touch with the reality. In early 2015, Prime Minister Abe will face a difficult choice of whether to cancel the scheduled consumption tax rate hike to 10% in October 2015. The Verge. The price of everything. “..Fed and ECB policies aim to reassure financial market participants rather than keeping them guessing.
In the “good old days”, before quantitative easing, forward guidance and zero real interest rates, investors, asset managers, traders and bankers were forced to make difficult but educated guesses about the opportunities and vulnerabilities in financial markets. The danger of making a bad guess was, and should remain, an important restraint on excesses and systemic risk. “Today’s market participants are babied with excessively explicit “forward guidance”, supported by historically low interest rates and yields (especially in real terms) and central bank purchases if markets weaken. Such a “safety net” makes investors and traders so complacent they panic at any hint of normalised yield curves and real interest rates, as occurred in bond markets when chairman Ben Bernanke dared mention “tapering” in May 2013 and today’s downturn in emerging markets.
To read more, Financial Market Outlook for 2013. Goldman Sachs CEO Lloyd Blankfein has just bought a second home, this one in the Hamptons, the fabled playground for New York’s bankers and hedge fund managers.
It was on the market for $33 million, and its sale in December contributed to a splurge of estate buying last year that saw record prices being set for country manors in the Hamptons. The luxury segment of the real estate market in the US had a very good year, and not just in New York. California mansions which would have sat idle two or three years ago were being snapped up in weeks, with multiple bidders pushing offers up well beyond the asking price. Nor were expensive properties subject to a buyers’ frenzy. Work.
S O L A R C Y C L E S. Insights and Research. Under uncertain economic conditions, the S&P 500 Index((IVV)) has staggered for much of the year, gaining just over 1% during this volatile four-month period.
It remains above support at the 1850 level and the 50-day moving average, but the market feels tired and is likely to test that this week. We might be in the .. read more The stock market had a good week, up all four trading days, despite the continued mixed picture from the economy and earnings. Last week’s economic reports continued the recent pattern of some seemingly strong reports mixed with some pretty obviously weak ones. Retail sales were better than expected but the year over year core growth .. read more Related to yesterday’s observations about corporate cash, the broken record of IBM revenue continues to demonstrate the unwillingness of American businesses to freely spend on capex.
Scott E.D. Skyrm. Blog > Detail. The new deal on Cyprus does not only have the right intentions, but averts the two major flaws of the previous deal: It fully protects insured deposits up to the €100,000 amount guaranteed by deposit insurance in all banks, andIt bails-in all bondholders and shareholders.
The deal has other remarkable elements as well: Ppola Comment: A central bank crisis. Vox has an excellent article by the LSE's De Grauwe about the austerity measures in the Eurozone periphery that were imposed by policymakers in response to a buyer's strike among sovereign bond investors.
As yields soared, particularly in Greece, there was a growing belief that the cause was high levels of public debt and structural inefficiencies, and that to bring yields down it was necessary to slash public borrowing and make structural reforms. How the Bitcoin protocol actually works. Many thousands of articles have been written purporting to explain Bitcoin, the online, peer-to-peer currency.
Most of those articles give a hand-wavy account of the underlying cryptographic protocol, omitting many details. Even those articles which delve deeper often gloss over crucial points. My aim in this post is to explain the major ideas behind the Bitcoin protocol in a clear, easily comprehensible way. We’ll start from first principles, build up to a broad theoretical understanding of how the protocol works, and then dig down into the nitty-gritty, examining the raw data in a Bitcoin transaction. Understanding the protocol in this detailed way is hard work. I’ll describe Bitcoin scripting and concepts such as smart contracts in future posts. The Diplomat Magazine.
China has made dramatic economic progress during the last five years, weathering the global financial crisis and becoming the world’s largest exporter and second largest economy, surpassing Japan.
By James A. Dorn for The Diplomat November 29, 2013 Facebook0. The Atlantic Cities. Noahpinion. SNB & CHF: A beleaguered central bank in the dangerous world of global macro and euro crisis » The Swiss National Bank and Swiss Franc Blog. Current Archive. For more information about investing in the Hussman Funds, please call us at1-800-HUSSMAN (1-800-487-7626)513-326-3551 outside the United States Site and site contents © copyright 2003 Hussman Funds.
Brief quotations including attribution and a direct link to this site (www.hussmanfunds.com) are authorized. All other rights reserved and actively enforced. Extensive or unattributed reproduction of text or research findings are violations of copyright law. Fact Set. Info FactSet Earnings Insight: April 11, 2014 FactSet Earnings Insight: April 4, 2014.
S&P 500 Index - S&P Dow Jones Indices. GMO. Teach/Me Data Analysis. Scaling of data may be useful and/or necessary under certain circumstances (e.g. when variables span different ranges). There are several different versions of scaling, the most important of which are listed below. Scaling procedures may be applied to the full data matrix, or to parts of the matrix only (e.g. columnwise). Range Scaling. Crestmont Research. Japan Investment as percent of GDP. Artemis Capital Management. CFA Institute Conference Proceedings Quarterly January 2014 | Vol. 31 | No. 1 The following is the abstract from the article “Volatility: The Market Price of Uncertainty” by Christopher Cole from Artemis Capital Management LLC. Today’s securities markets are pricing in yesterday’s crash, the known unknown, rather than tomorrow’s unknown unknown.
Economics. Bill Mitchell Blog. Options for Europe – Part 64. Weblog and Essays. The Alienation of Work April 15, 2014 The emerging economy is opening up new ways to reconnect workers to their work and the profits from their work. Hoisington. Edelweiss Journal - Issues. Vox Web Portal. Vox Research-based policy analysis and commentary from leading economists Create account | Login | Subscribe Topics Most Read more. TF Market Advisors. JamesTown Foundation. PLA Joint Operations Developments and Military Reform. Lowy Institute. Applying Common Sense to the Markets.
International ETFs. Investment case. Value Investing. Fed President - Taxes. This article was first published in the January, 1946, issue of a periodical named American Affairs. TAXES FOR REVENUE ARE OBSOLETE by Beardsley Ruml, Chairman of the Federal Reserve Bank of New York. Mr. My Investing Notebook. ZeroHedge. Marc to Market. Naked capitalism. Sober Look. Mish. Macro Business.
The Big Picture. PRAGMATIC CAPITALISM. The Abenomics train has charged out of the station. This article has been corrected. Markets are cheering the results of Bank of Japan governor Haruhiko Kuroda’s first policy meeting. Kuroda, installed by prime minister Shinzo Abe, has convinced the rest of the central bank it is time to launch an aggressive monetary easing program to pull Japan out of decades of recession and deflation.
Humble Student of the Markets. The Options and Volatility ETPs Landscape. Site Map. Investors Intelligence - technical analysis of stocks, ETFs, currencies and commodities. State of Working America. Pension Partners AdvisorBlog™ “Dow, S&P 500 close at new record highs” – Every Major Financial Publication, June 2, 2014 You wouldn’t know it after reading any major financial publication yesterday, but the average U.S. stock is down over -1% thus far in 2014. Salient. August 8, 2014. Sigmund Holmes — Investment Partners. Marginal REVOLUTION — Small Steps Towards A Much Better World. Where the truth comes home to roost.
Economic Policy Uncertainty Index. Cliff's Perspective. George Magnus – Economist and Author. Alphaville. A blog from the Financial Times. Chart of NYSE Composite vs % of NYSE Stocks Above 200-Day Moving Average » Stock Market Indicators. The Wall Street Examiner.
Alphaville » Long Room. Risk Roadmap: Hedge Funds and Investors' Evolving Approach to Risk (BNY Mellon, Managed Funds Association, HedgeMark International. LLC) - Managed Funds Association. » About shadow PBOC. John Authers takes the "Long View", while James Mackintosh the "Short View" on investment decisions. Latest gold news articles from Ross Norman of SharpsPixley.com. Insight into macroeconomics and the financial markets from the Financial Times. The Wrong Growth Strategy for Japan by Martin Feldstein. Beyond Brics. Silberzahn & Jones. Truman Factor in English « Truman Factor. Stock Market News & Financial Analysis - Seeking Alpha. Monitoring the Global Economy. Jesse's Café Américain. China Daily. Caixin Online – News and Analysis on China's Markets, Chinese Businesses and Economics.
Caixin Online. Consuming Our Way to Prosperity is Macro Folly. Michael Pettis. China Economic Review. The Sinocism China Newsletter 01.05.14. China. When the Growth Model Changes, Abandon the Correlations. Are Chinese companies sitting on the next debt crisis? Institute for New Economic Thinking (INET) The PBoC’s monetary supremacy over Brazil (but don’t blame the Chinese)
Gordonchang.com. News and views on emerging markets from the Financial Times. Publications.