Complexity is Not Sophistication
“Increasingly, people seem to misinterpret complexity as sophistication, which is baffling — the incomprehensible should cause suspicion rather than admiration. Possibly this trend results from a...
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REPORT: Shell Is Looking Into Using Grains Instead Of Cash To Pay Off A Debt...
LONDON, Oct 26 (Reuters) - Oil major Royal Dutch/Shell is seeking to work around international sanctions by repaying a $1.4 billion oil debt to Iran with a grain barter deal via U.S. agribusiness...
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Vietnamese Banks Got Caught Selling Clients' Gold To Finance Themselves
Several months ago, we reported about a troubling development in Vietnam, happy inflationary host of one of the world's most rapidly devaluing and best named currencies, that in direct refutation of...
View ArticleWeek in FX Europe – Netherlands and Germany Unsure About Greece
This week the Greek goverment was very optimistic about his proposed agreement extentions. Politicians from Germany and Netherlands on the other hand have been very vocal in their dissapointment with...
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The Latest Exports Data Is Troubling
Over the past several months we have been discussing that this is no longer your "father's economy." What we have meant by this is the economic environment today is vastly different than that which...
View ArticleEmergency Meeting in Athens to Tackle Big Funding Hole
It already seemed that Greece had a deal with the troika. However, after the IMF acknowledged that Greece will surely miss the debt to GDP target (as if it was a big surprise), a new funding gap of up...
View ArticleSinica Podcast: Party Congress Preview
You know you’ve hit the big time in China when you’re invited as a guest on Kaiser Kuo’s Sinica Podcast. This week, I joined Kaiser’s co-host Jeremy Goldkorn of danwei.com for a discussion about...
View ArticleSo this IS how Romney’s miracle Caymans IRA metastasized! And we also know...
Okay, all. Remember all the speculation last summer about how Romney managed to parlay an IRA in a Cayman Islands bank into an account worth between $20 million and $101 million? Much of the...
View ArticleBounce and momentum
Lifted from Robert Waldmann’s Stochastic thoughts: Brendan Nyhan autopsies the mittmentum narrative here. I comment. Thank you for this very good post. I had been puzzled by the "bad narrative about...
View ArticleOff-topic again: All dogs go to heaven
On Wednesday I posted here about Bella, my friend’s daughter’s three-year-old German shepherd/collie mix who suddenly started experiencing severe pain near the back of her spine last weekend and a day...
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Seasonal Affective Disorder Could Be Moving The Markets
Not Not Die Out Behavioral bias occurs in all sorts of odd ways, but basically can be traced back through evolutionary history to when humanity’s survival depended on deep co-operation and the...
View ArticleHere's A Massive Mistake That Analysts Make When Examining China
Chiwoong Lee at Goldman Sachs has a new report out (“China vs. 1970s Japan”, September 25, 2012) in which he predicts that China’s long-term growth rate will drop to 7.5-8.5%. I disagree very strongly...
View ArticleThe Perfect Marriage
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View ArticleSolar Energy in California
The Wall Street Journal: A Whole Different Kind of Innovation New business models may not be as sexy as new technology. But their impact could be just as great. Read more posts on Financial...
View ArticleCurrency Positioning and Technical Outlook: Fade Breakouts ?
The US Dollar Index reached its best level in more than six weeks on Friday. Yet it managed to only close a couple of ticks higher, as if warning short-term participants against ideas that a breakout...
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Report: Chinese Premier Wen Jibao's Family Denies It Took $2.7 Billion In Assets
BEIJING (AP) — Lawyers have denied a report that Chinese Premier Wen Jiabao's family has amassed $2.7 billion in "hidden riches," a Hong Kong newspaper said Sunday. The New York Times said in a...
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German Finance Minister Says No Way To A New Greek Debt Haircut
BERLIN (AP) — Germany's finance minister has dismissed the idea of governments and other public creditors taking a hit on their Greek debt holdings, arguing that it wouldn't be legally feasible....
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Dean Baker Wonders Why The Heck Candidates Aren't Talking About Social Security
Dean Baker ponders the lack of focus on Social Security via Alternet: It is remarkable that social security hasn't been a more issue in the presidential race. After all, Governor Romney has proposed...
View ArticleMark Thoma presses the issue of increasing income inequality
Mark Thoma presses the issue of increasing income inequality: Via an email from Lane Kenworthy, here's more research contradicting the claim made by Kevin Hassett and Aparna Mathur in the WSJ that...
View ArticleWater economics for beginners
From David Zetland (Aguanomics) comes this note… Marginal Revolution University [free, online] has released 14 lessons (2-7 min, each) on water economics as part of its development economics unit....
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