Economy

19 Warnings About A Coming Global Financial Catastrophe [Guest Article]

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19 Warnings About A Coming Global Financial Catastrophe (via http://dailydopenews.com) Reported By Michael Snyder The American Dream Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency…   …

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Why Self-Interest In Markets Can Benefit Everyone

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What Penguins Know About Business: The Value of Sharing in Markets From Paul J. Zak at Claremont Graduate University: “There’s nothing new about being shameless, or ruthless and cynical, when it comes to making a buck. Plenty of people in business seem to think that fakery and exploitation is the name of the game. Which …

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Forget Peak Oil, Time To Worry About Peak Oil Labor

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Forget Peak Oil, Time To Worry About Peak Oil Labor (via Market Shadows) Courtesy of www.econmatters.com. By EconMatters In a recent working paper, researchers at the the IMF (International Monetary Fund) attempt to reconcile the Peak Oil debate that whether resource constraints will dictate the future of oil output and prices, or advance in technology …

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Guest Article: Is Myanmar The Next Emerging Asian Economy?

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Myanmar could boom if it sticks to reforms: IMF (via AFP) The International Monetary Fund said Monday that Myanmar could be Asia’s next boom economy if the country sticks to its new path of political and economic reforms. In its first-ever “Article IV” review of the economy, the IMF praised the initial moves to free …

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Sweden: The Supply-Side, Anti-Keyensian Approach To Economic Recovery

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Does Sweden Have The Right Model? By Holly A. Bell While the economies of the U.S. and most of Europe have continued to struggle under Keynesian style stimulus, Sweden has taken the opposite approach enacting supply side tax and spending cuts. The result? Over the last two years (2010 to 2011) Sweden’s real GDP growth …

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Is Enron’s Accounting Method About To Become The Standard For All Businesses?

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By Holly A. Bell Remember Enron? Apparently the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) don’t. While the Enron scandal had multiple layers of both illegal and unethical behavior, at the heart of it all was Jeff Skilling’s insistence on using mark-to-market accounting techniques. This was not standard accounting practice, …

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From Seeking Alpha: Why Gold Doesn’t Hedge Inflation

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On Gold As An Inflation Hedge “A recurring theme gold [(GLD)(IAU)] speculators use to justify their positions, is that gold, over time, works as an inflation hedge. This argument has severe problems. Over the very long term, gold can indeed act as an inflation hedge. But as with any other asset, it matters greatly at …

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From Seeking Alpha: US Employment in Real English

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“There has been a lot of controversy surrounding the US employment situation over the past few months. The January data was particularly contentious, in part because that’s when the BLS, or Bureau of Labor Statistics, made its annual revisions to try to square its numbers with changes in the population. The BLS uses two different …

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