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Archive for the ‘Reference Articles’ Category

This is from a film on YouTube which is a classic. It demonstrates a shocking decline in house construction prior to and during the great depression. I think we are in for a similar decline in housing which will go far longer than most people project. http://www.youtube.com/watch?v=KlkOPAa4Mao

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Abstract The CEPR is one of our first sources for information. The CEPR is practicing actual economics, not merely economics for the wealthy and not merely mouthpieces of concentrated financial interests. Center for Economic Policy Research – One of the few truly independent economic sources for information. They were one of the only economic based [...]

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Abstract Supply side bias is essentially catering to an audience rather than reporting to an audience. Research at Harvard University regarding the different types of bias in financial reporting lead to the paper entitles The Market for News http://post.economics.harvard.edu/faculty/shleifer/papers/marketfornews_090904.pdf “..to meet this demand, media outlets do not only provide unadulterated information, but also tell stories [...]

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Abstract The idea promoted by the business press is that the SEC is on the constant lookout for securities fraud. The reality is that some insider trading is investigated, but some powerful insider traders are considered too connected to touch. In general the SEC is a fake regulatory body designed to promote confidence in the [...]

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Abstract The size of the effect of media coverage and recommendations on asset prices is critical for determining the importance of the study of the financial media. This discusses research into the relationship between media coverage and asset prices. http://faculty.chicagogsb.edu/luigi.zingales/research/PSpapers/media.pdf The paper starts with a specific example of the relationship: “On May 3 1998 on [...]

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Abstract Reverse the timeline back to 1999, the media was abuzz with news of the “new economy” and outrageous stock valuations. What really happened to productivity during this time, and why has it been so quickly forgotten? Furthermore was this actually a productive period for the economy vs. other periods? In 1999 the business community [...]

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The Shock Doctrine

Abstract There are specific fake arguments used to undermine generally accepted standards in society. This one in particular is called the shock doctrine and is the pre-eminent strategy employed by the powerful to break down civil standards. In Naomi Klein’s The Shock Doctrine: The Rise of Disaster Capitalism. It is an important concept, and one [...]

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Abstract As long as the population knows little about history its easy to propose things that have never happened before (i.e. invading another country to bring it democracy). Concentrated power does not want the lessons of the city state of Venice to be understood. “Venice endured as a republic while its neighbors did not, thus [...]

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The understanding of investing returns in the US is that anyone can attain the same returns as someone else. This fiction is what drives moderate income people to invest in the stock market. Research has shown that this is not accurate. Why The Yield Disparity is So Important Yield disparity is real and significant, but barely discussed. [...]

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Abstract The following is an abstract from the book The Story of Stupidity by James F. Wells and proposes a reason for the decline of the Roman Empire with many parallels to the US. Actually, Roman morality was undermined by a base financial system of cash and credit which was developing during this ear. Thus, [...]

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