Who has the rights to the world’s oil? The major oil companies propose that most of the world’s oil belongs to them, and that the countries from which the oil is extracted deserve only a very small compensation for it. They also take ownership as soon as it is taken from the ground. The Problem [...]
Archive for the ‘Markets and Efficiency’ Category
Why is BP in Control of Oil in the Gulf?
Posted in Markets and Efficiency, tagged BP on June 14, 2010 | Leave a Comment »
CEPR Nails It on Executive Compensation
Posted in Markets and Efficiency, Uncategorized, tagged Milton Friedman on January 16, 2010 | Leave a Comment »
Executive compensation must not be questioned in the US. According to Milton Friedman whatever executives make they “earn.” There is no such thing as a free lunch. Individuals should not get perturbed by the fact that executives who strip assets from companies and move production to countries that have no labor standards or pollution standards [...]
How About Cap and Trade for Illegal Activities?
Posted in Markets and Efficiency on January 3, 2010 | 2 Comments »
Cap and Trade Madness There has been a lot of talk recently about “cap and trade.” This is a scheme whereby instead of having straight forward regulation that simply sets limits on pollution and punishes those that violate those regulations, Wall Street is extremely enthusiastic about setting up yet another casino where they will control [...]
The How Much you Can Extract for Oil Producing Countries Game
Posted in Capitalism, Globalization, Markets and Efficiency, tagged Oil on August 24, 2009 | 4 Comments »
Oil Details What is interesting is how little investigation there is into where the money that goes to oil goes. We decided to do this by starting from the retail price of oil, and then using high level percentages. The percentage that goes to countries that we have either invaded or (Iraq) or utterly control [...]
The Inefficiency of the Pharmaceutical Industry
Posted in Markets and Efficiency on August 24, 2009 | 4 Comments »
How efficient is the current pharmaceutical industry? The industry has 6 different drugs which are copies of each other for “erectile dysfunction” (a medical term for being either too overweight, out of shape or too old to maintain an erection) Some say it does not need to be analyzed and that the US pharmaceutical industry [...]
Changing Banking by Democratizing Banking
Posted in Banking, Economic Regulation, Markets and Efficiency, Mortgages, tagged Google on January 7, 2009 | Leave a Comment »
Jeff Jarvis is really on to something essentially he asks if we take this financial crisis to as a signal to change how we do things to be web focused. Simple Intermediaries For instance, banks are essentially intermediaries between people that want loans and people and have money. Actually, as we have seen the more [...]
Bias Towards Domestic Portfolios
Posted in Markets and Efficiency on February 1, 2008 | Leave a Comment »
Abstract The phrase global economy is often used, however for investing, people as well as investment professionals first think locally. This is the domestic bias of investment advice. Who we speak, our financial advisors to along with the media we consume help shape our investment decisions. That is the vast majority of investors do not [...]
How Stocks Promote Monopolies
Posted in Deliberately False Financial Information, Markets and Efficiency, Monopoly, Stock Market on January 11, 2008 | 1 Comment »
Are US capital markets fair? That is do they offer an equal, or roughly equal chance for individuals and companies to raise money? There is a generally accepted view that stock is a good thing. The two most common concepts that are commonly used to promote the idea of stock ownership is that: Stocks rise [...]
The Reasons Behind the Non-Market Approach to Initial Public Offerings
Posted in Economics, Markets and Efficiency on January 11, 2008 | Leave a Comment »
Abstract US financial companies speak very highly of “the market.” A free open area where goods and services are competed for in a transparent way that provides the most for everyone. It is curious that when financial companies choose to bring public companies they use a non-market approach with no transparency. This is a placeholder [...]
Efficient Market Hypothesis Breakd Down With Index Funds
Posted in Economics, Markets and Efficiency on January 11, 2008 | Leave a Comment »
Abstract Surprisingly a very large portion of Wall Street has no reason for being. That is their analysis and efforts do not lead to better returns for investors. This reference from Wall Street vs. America explains why. As with most things, its important not to confuse effort with output. There is certainly a lot of [...]
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