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The Food Crises and Political Instability in North Africa and the Middle East
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New England Complex Systems Institute, August 10, 2011 , M. Lagi, K.Z. Bertrand, Y. Bar-Yam
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Why QE Won't Create Inflation Quite as Expected
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"The velocity of money buried in a hole is zero. The velocity of hoarded money is also zero. The velocity of credit that is never used (i.e. no money is actually borrowed and spent) is also zero. Money that is created but which has zero velocity cannot spark inflation."
of two minds, September 27, 2012 , Charles Hugh Smith
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What Happened to Virtue?
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In the midst of the Great Depression, Treasury Secretary Andrew Mellon famously advised President Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate” instead of propping each industry up with tax dollars. This liquidation doctrine would “purge the rottenness out of the system” and make certain that “people will work harder” and “live a more moral life.”
Ludwig von Mises Institute of Canada, September 26, 2012 , James E. Miller
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Stock Markets during the second World War
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"Then in May 1942, just before the United States’ military fortunes in the Pacific improved, in the midst of the gloom and the bargains and at the point of maximum bearishness, the U.S. stock market made a bottom for the ages."
Wealth, War & Wisdom, 2008 , Barton Biggs
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The "Mayfair Economy"
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Quote
CNBC, 14.09.2012 , Marc Faber
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Modelling Risks to the Financial System
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"Procyclicality is the key issue in the time dimension. It reflects the tendency to take on excessive risk during economic upswings - too much punch from the punchbowl, if you will - and to become overly risk averse during the downturns. Procyclicality makes the financial system and the economy more vulnerable to shocks, and increases the likelihood of financial distress."
Bank of Canada, 21 August 2012 , Remarks by Agathe Côté Deputy Governor of the Bank of Canada
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Memorable Bubble and Crashes: Chapter 1, The dotocom stars of the late 1990s
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With equity markets currently very quiet, and most investors having lost interest in stocks, it's the perfect time to vizualise some of the most spectacular bubbles and crashes of the past twenty years.
Investments Office, September 2012 , Ronald Weber
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Memorable Bubbles: Chapter 2
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The Nasdaq of the late 1990s and the Nikkei ex- and post-1980s
Investments Office, September 2012 , Ronald Weber
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Memorable Bubbles: Chapter 3
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Banks, financials and the commercial paper market around the crisis of 2008.
Investments Office, 2012 , Ronald Weber
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Memorable Bubbles: Chapter 4
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China, Saudi Arabia and Petrochina around their tipping points
Investments Office, September 2012 , Ronald Weber
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