Archives for: July 2011
07/31/11
Cato Institute: Downsizing the Federal Government, July 25, 2011
If it is true that a failure to increase the debt limit on August 2nd has the potential to bring about economic Armageddon, shouldn’t we be asking ourselves if it’s a good idea to allow… more »
Keywords: Sovereign Debt, Credit Rating more »
Peter Boone (LSE), Simon Johnson (MIT), Europe on the Brink, Peterson Institute, July 2011Attempts to resolve the problems in Europe are failing, and the crisis is spreading from Greece, Ireland, and Portugal to larger nations.Europe’s financia… more »
Good post by Tyler Cowen, interpreting the latest US gdp report:Marginal Revolution: What does the new gdp report imply for structural explanations of our current troubles? by Tyler Cowen, July 31, 2011Keywords: US Economy, US Recovery more »
Keywords: US Debt, US Debt Limit Fight more »
Source: paper linked to below (click on graph to go to original paper)Original paper:Kopf, Christian Robert, An Evaluation of the French Proposal for a Restructuring of Greek Debt (July 1, 2011). CEPS Policy Brief No. 247Abstract:"This Po… more »
Harvard's Gregory N. Mankiw, in his latest New York Times column, states that Ben Bernanke has not done such a bad job. Nevertheless, Mankiw thinks that announcing a target path for inflation could add more certainty to the US economy:NYT: Economic V… more »
The New York Times has an interesting graphical overview:click on graph to go to original NYT pageOriginal article in the NYT:NYT: Q. and A. on the Debt Ceiling, by Michael Cooper and Louise Story, July 27, 2011Keywords: Debt Ceiling,… more »
07/29/11
02:31:00 pm, by editor of MarketObservation.com 
, 5 words 
Categories: Economics United States, Economics Global
Keywords: Milton Friedman, Economic Freedom more »
Find following a today's receipt from a Zurich Nespresso shop. If you would pay the coffee in Euro you still have to consider Swiss franc 1.45 for the Euro. The current market exchange rate (Euro/Swiss franc) is 1.14.Keywords: Value Products, Exc… more »
08:55:22 am, by editor of MarketObservation.com , 47 words
Categories: Economics United States, Economics Global
The U.S. Treasury will give priority to making interest payments to holders of government bonds when due if lawmakers fail to reach an agreement to raise the debt ceiling, according to an administration official.
see July 28, 2011, Bloomberg Video… more »
08:40:14 am, by editor of MarketObservation.com , 281 words
Categories: Economics Europe, Economics Global
Forster, Katrin, Vasardani, Melina A. and Ca'Zorzi, Michele, Euro Area Cross-Border Financial Flows and the Global Financial Crisis (July 27, 2011). ECB Occasional Paper No. 126Abstract:"This paper analyses the impact of the global financial cris… more »
07/28/11
The multi-trillion dollar repo market is facing down growing anxiety over a possible U.S. default or downgrade. Matt Phillips explains how short-term lending to banks and hedge funds will be impacted.
Keywords: US Debt Dis… more »
BusinessWeek: Why the Debt Crisis Is Even Worse Than You Think, July 27, 2011Keywords: US Debt Crisis, US Sovereign Debt more »
July 26, Bloomberg Chart of the day:click on graph to go to original Bloomberg pageKeywords: US Default Swaps more »
07/27/11
10:25:01 am, by editor of MarketObservation.com , 6 words
Categories: Economics United States, Economics Global
11Keywords: Debt Ceiling, US Economy more »
NYT: Lessons From the Malaise, by David Leonhardt, July 26, 2011When I began covering the American economy 11 years ago, it was the envy of the world. The last 11 years have not been kind to it. First came the dot-com bust. Then there was the w… more »
07/26/11
Powered by TableauKeywords: Web 2.0, Valuation of Internet Companies more »
10:30:59 am, by editor of MarketObservation.com, 142 words
Categories: Economics United States, Economics Global
Project Syndicate: The Perverse Politics of Financial Crisis, by Luigi Zingales, July 25, 2011In trying to understand the pattern and timing of government interventions during a financial crisis, we should probably conclude that, to paraphrase the Fr… more »
10:19:05 am, by editor of MarketObservation.com, 14 words
Categories: Economics United States, Economics Global
NYT: In a Gold Lovefest, Shades of 1980, July 23, 2011
Keywords: Gold, Gold Price, Gold Standard more »
07/25/11
Controversial thoughts of Swiss asset manager Felix Zulauf:
July 11, 2011
Keywords: European Crisis, Greek Crisis more »
10:45:33 am, by editor of MarketObservation.com , 38 words
Categories: Economics United States, Economics Global
More on the discussion which will never end: what is the right approach to fight an economic crisis?
Washington Post: What the Keynesians learned from the crisis, by Ezra Klein, July 19, 2011
Keywords: Fighting a Financial Crisis, Economic Theory more »
07/24/11
Just trying out google + I wonder whether sceptisism could be premature...Keywords: Linkedin, google + more »
07/23/11
James Turk explains why the Swiss Franc, despite its traditions, is now as mismanaged as other major currencies and how gold is rising against the CHF too. This video was recorded on 29 April 2011 in Munich, Germany:Keywords: Central Banks, Centr… more »
The Street: Buffett's Unwavering Optimism in U.S. Economic Recovery, July 22, 2011Keywords: US Economy, US Recovery, Warren Buffett more »
07:39:43 am, by editor of MarketObservation.com, 96 words
Categories: Economics United States, Economics Global
Vernon Smith is a pioneer, discovering a whole new way to study economics and winning a Nobel Prize for doing so.
Smith sat down with Reason.tv's Nick Gillespie to discuss a variety of topics, including growing up in Kansas during the Great Depression… more »
07/22/11
Swiss exporters are having a problem with the strong Swiss franc. Certain members of industrial organizations and politicians are calling for interventions. Sooner or later, markets forces will bring correction. As quite many Swiss exporters are struggli… more »
Bloomberg: How to Contain the European Debt Crisis, by Francesco Giavazzi (Bocconi) and Anil K Kashyap (U of Chicago), July 19, 2011
Keywords: European Crisis, European Debt Crisis more »
July 21, 2011
Keywords: US Debt, US Debt Discussions, Debt Ceilings more »
08:36:58 am, by editor of MarketObservation.com , 190 words
Categories: Statistics, Performance Measurement, Corporate Governance
Robinson, David T. and Sensoy, Berk A., Do Private Equity Fund Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance (July 20, 2011). Charles A. Dice Center Working Paper No. 2011-14; Fisher College of Business Working Paper No. 20… more »
07/21/11
Keywords: US Economy, Bubble Economics, Micheal Burry more »
09:45:18 am, by editor of MarketObservation.com , 6 words
Categories: Entrepreneurship/Leadership/Innovation
Keywords: Creativity, Good Ideas, Innovation, Invention more »
09:38:04 am, by editor of MarketObservation.com , 133 words
Categories: Economics United States, Economics Global
CNBC: If US Loses Triple-A Rating, Almost Anything's Possible, July 19, 2011For those who think a deeply indebted United States has begun its long, slow fade as the world's dominant financial power, the loss of the country's gold-plated AAA credit… more »
click on graph to go to original pageBloomberg: Why Employers Are Slow to Fill Jobs: Business Class, July 15, 2011Keywords: US Unemployment, Hiring more »
07/20/11
05:22:33 pm, by editor of MarketObservation.com , 69 words
Categories: Various Market Info, Entrepreneurship/Leadership/Innovation
In times of constantly negative political news it is a kind of good to hear that lots of people are still seaking success as entrepreneurs!!!
Los Angeles Times: What recession? It's boom time again in Silicon Valley, July 17, 2011
Investors pile in… more »
Good article, pointing to moral hazard issues within the Euro Zone:
Voxeu: A credible commitment for the Eurozone, by Thomas F. Cooley (NYU) and Ramon Marimon (European University), July 20, 2011
Keywords: European Crisis, European Governance more »
08:42:07 am, by editor of MarketObservation.com , 8 words
Categories: Economics United States, Economics Europe
Keywords: US Economy, European Economy, Sovereign Debt Crisis more »
click on graph to go to original page
Bloomberg: Why Employers Are Slow to Fill Jobs: Business Class
, July 15, 2011
Keywords: US Unemployment, Hiring more »
07/19/11
Becker Posner Blog: Short and Long Term United States Fiscal Crises-Becker, July 17, 2011Becker about measures for the longer term:..."What matters for the wellbeing of future generations is the long-term growth rate of the economy. The growth of… more »
Project Syndicate: The Eurozone’s Last Stand, by Nouriel Roubini, July 18, 2011
Keywords: European Crisis, Nouriel Roubini more »
with Bill Gross, Gillian Tett, John Chambers and Zanny Minton Beddoes:
Charlie Rose: How are Global Markets Watching Debt Talks, July 15, 2011
Keywords: US Economy, US Sovereign Debt, US Debt Ceiling, US Debt Talk, Perception of US Debt Talk more »
click on graph to go to original NYT pageKeywords: United States, US Debt, US Sovereign Bonds more »
click on graph to go to original NYT pageKeywords: United States, US Debt, US Sovereign Bonds more »
02:06:56 pm, by editor of MarketObservation.com , 28 words
Categories: Global natural Resources Trends, Technologies
To continue to innovate in nuclear technology would probably be wise:
Keywords: Energy Innovation, Nuclear Energy, Bill Gates
Related:
MarketObservation: Bill Gates on energy: Innovating to zero!
June 12, 2011 more »
07:51:45 am, by editor of MarketObservation.com , 267 words
Categories: Corporate Governance, Market Characteristics, Regulation
Payne, Jennifer, Private Equity and its Regulation in Europe (July 1, 2011). Oxford Legal Studies Research Paper No. 40/2011. Available at SSRN: http://ssrn.com/abstract=1886186Abstract:"In the fifteen year period to 2008 the private equity indus… more »
07/18/11
07:08:31 am, by editor of MarketObservation.com , 128 words
Categories: Economics United States, Economics Global
Keywords: Credit Crisis, Financial Crisis, Job Growth after Credit Crisis more »
New study shows that larger pension funds realize economies of scale in only in their relatively minor investments in alternative asset classes like private equity and real estate:
Andonov, Aleksandar, Bauer, Rob and Cremers, Martijn, Can Large Pensio… more »
07/17/11
Keywords: Social Media, Internet, Internet Bubble more »
Here is, as an example, the development of industrial production: more »
February 2011
Keywords: Government, Government Growth, Market Economy more »
07/16/11
Megan McArdle about the dilemma between political strategies (ref. to the US debt ceiling discussion) and the needs of the people:
The Atlantic: Megan McArdle Blog, Debt Ceiling: What's the End Game For Republicans? July 14, 2011
Here is an excer… more »
Keywords: Niall Ferguson, Civilization: The West and the Rest, Global Economic Development more »
07/15/11
Keywords: Thomas Sowell, US Economy, US Political System more »
07:33:18 am, by editor of MarketObservation.com, 52 words
Categories: Global natural Resources Trends, Politics
Prices for corn are soaring, in part due to American exports to China, which have quadrupled as well as high demand in ethanol. The upcoming corn crop will be closely watched, Dow Jones Newswires's Leslie Josephs reports.July 13, 2011Keywords… more »
Bloomberg: Reinhart, Rogoff: Debt Endangers Growth, July 14, 2011They write:"At what point does indebtedness become a problem? In our study “Growth in a Time of Debt,” we found relatively little association between public liabilities and growth f… more »
The situation regarding further QE in the US remains unpredictable:
NYT: Bernanke Says Fed Would Consider New Stimulus, July 13, 2011
The Federal Reserve chairman, Ben S. Bernanke, gave a subdued account of the economy’s health Wednesday and said t… more »
07/14/11
Draghi brings it to the point: the "economic architects", trying to solve the crisis, need to be more predictable and clear.
Bloomberg: Draghi Says EU Policy Makers Need to Formulate Stance to Prevent Contagion, July 13, 2011
Europe’s debt crisis h… more »
07/13/11
06:29:16 am, by editor of MarketObservation.com , 269 words
Categories: Statistics, Performance Measurement, Corporate Governance, Market Characteristics
New paper on characteristics of European LBO's during the past years:
Harbula, Péter, Operating Performance, Valuation, Leverage, and Corporate Governance of Leveraged Buy-Out Transactions: A Continental European Perspective (July 1, 2011). Available… more »
07/12/11
July 6, 2011
Keywords: Nouriel Roubini, Global Economy more »
Mon 11 Jul 11 | 09:06 AM ET
Keywords: Euro Area, European Crisis more »
The Economist: Contagion in the euro zone; Selecting default, July 11, 2010FOR THE first time since the start of the Greek debt crisis more than a year ago, the finance ministers of the euro area are ready to consider a default by Greece. They did no… more »
07/11/11
09:09:33 pm, by editor of MarketObservation.com , 56 words
Categories: Entrepreneurship/Leadership/Innovation
I am just reading "The Innovation Secrets of Steve Jobs", by Carmine Gallo. In chapter 1 the author refers to a 2010 article of NYT's Thomas L. Friedman:
NYT: More (Steve) Jobs, Jobs, Jobs, Jobs, Jan. 23, 2010
What America needs are innovative entr… more »
Maybe existing rating agencies should even more closely monitor public financials .... and politicians! It is a kind of surprise that Italy is suddenly in the foucus of the European crisis news...
Paul Krugman
Keywords: European Crisis, Europea… more »
11:19:08 am, by editor of MarketObservation.com , 935 words
Categories: Info about Resource Companies, Global natural Resources Trends, Politics, Technologies
A post on Freakonomics blog and research done at the Stanford Program on Energy and Sustainable Development offer great input to the complex question:Freakonomics: What Happens Next as the World Turns Away From Nuclear Power? A Freakonomics Quorum, J… more »
Source: FT Germany (click of graph to go to original interactive FT graph)Keywords: Euro Crisis, Liquidity of Euro Countries more »
09:48:14 am, by editor of MarketObservation.com , 7 words
Categories: Economics United States, Economics Global
Keywords: Government Stimulus, Government Intervention, Unemployment, Productivity more »
WSJ: Argentine Episode Is Little Comfort for Greece, July 6, 2011
Argentina—As Greece's economy strains to cope with towering debt and an overvalued euro, some politicians and economists in Athens are debating the "Argentine solution."
That is a r… more »
07/10/11
07:03:40 pm, by editor of MarketObservation.com , 51 words
Categories: Global natural Resources Trends, Politics, Strategy, Technologies
Paper which was heavily discussed among environmental economists and which demonstrates that the consequences of government interventions can not always been foreseen in detail:
Christoph Böhringer, Knut Einar Rosendahl, Green Serves the Dirtiest, On… more »
09:16:23 am, by editor of MarketObservation.com , 98 words
Categories: Global natural Resources Trends, Politics, Technologies
The US Environmental Protection Agency on Thursday issued new standards for power plants in 28 states that would sharply cut emissions of chemicals that have polluted the environment. The Environmental Protection Agency said the cleaner air would prevent… more »
Rather pessimistic economic view of Tyler Cowen for Greece:
NYT: Choices for Greece, All of Them Daunting, July 9, 2011
Keywords: European Crisis, Greek Crisis more »
07/09/11
11:09:08 am, by editor of MarketObservation.com , 15 words
Categories: Global natural Resources Trends, Politics, Research, Technologies
Reuters: Factbox: What EU studies say on biofuels' indirect damage, July 8, 2011
Keywords: Biofuel, Carbon Dioxide more »
Kewords: Warren Buffett, US Economy, US Job Market more »
The U.S. Labor Department said the economy added just 18,000 jobs in June 2011. The market was expecting at least a six-figure gain.
Source: FT Alphaville more »
07/08/11
Laureate and Atlas Templeton Leadership Fellow, Mario Vargas Llosa, tells the story of his conversion from Marxism to free market capitalism after visiting Cuba and the Soviet Union.
July 6, 2011
Keywords: Social Systems, Socialism, Capital… more »
Project Syndicate: Technology and Inequality, by Kenneth Rogoff (Harvard), July 6, 2011
Until now, the relentless march of technology and globalization has played out hugely in favor of high-skilled labor, helping to fuel record-high levels of income… more »
07/07/11
US $2 trillion appears to be the "sweet spot" for spending cuts in order to negotiate a debt limit increase. Rather than cut wasteful and unconstitutional spending, Congress and the President are prepared to trim around the edges to strike a deal.… more »
The Economist re-started the old debate whether a strong manufacturing base is crucial for an economy or not. Ha-Joon Chang of Cambridge and Jagdish Bhagwati of Columbia lead the debate. Economist readers could vote yes or no and clearly came to the res… more »
Giulio Trigilia (University of Warwick) and Paolo Manasse (University of Bologna) say that contagion risks in the case of a default of Greek sovereign debt has decreased over time, as financial markets do not fully bundle EU sovereign risk together, but… more »
07/06/11
10:27:54 pm, by editor of MarketObservation.com , 41 words
Categories: Global natural Resources Trends, Technologies
BBC: Global warming lull down to China's coal growth, by Richard Black, July 5, 2011
The lull in global warming from 1998 to 2008 was mainly caused by a sharp rise in China's coal use, a study suggests. read more
Keywords: China, Energy Production,… more »
"The French roll over proposal to address Greece's debt sustainability problems is a welcome acknowledgement of the need to restructure but, says Jens Larsen, chief European economist at RBC Capital Markets, it will not be enough to solve the issue or re… more »
Following graph shows not unexpectedly that lower educated people are confronted with higher unemployment rates. However, the gap was narrowing during the last decade and is now increasing again. To analyse the reasons in depth one would need a sector br… more »
07/05/11
Zero Hedge: Barclays Releases Updated Report On Top 40 Greek Debt Holders, July 4, 2011Keywords: Greek Debt, Top Greek Debt Holders more »
07:04:11 am, by editor of MarketObservation.com , 108 words
Categories: Entrepreneurship/Leadership/Innovation
Find following an interesting article on the definition of entrepreneurship. The arguments presented in the article suggest that the entrepreneurship literature may have over- mphasized the origins and characteristics of entrepreneurial opportunities… more »
The WSJ Blog has a post which shows how government help and wages and salaries developed during the crisis. The author, Kathleen Madigan, states:"Fiscal conservatives, however, don’t want to recognize the importance of government help when it comes t… more »
07/04/11
James Hamilton gives a good overview of a recent conference of the Federal Reserve Bank of St. Louis on quantitative easing:
Econbrowser: The effectiveness of quantitative easing, by James Hamilton, July 2, 2011
Keywords: Monetary Policy, Quantitat… more »
06:13:19 am, by editor of MarketObservation.com , 109 words
Categories: Psychology, Sociology, Anthropology
Boston Globe: Trusting your instincts, by Gareth Cook, July 3, 2011Scientists have started to provide provocative answers by looking at the roots of morality. The influential psychologist Jonathan Haidt has surveyed the world’s cultures and suggested… more »
07/03/11
09:23:10 pm, by editor of MarketObservation.com , 106 words
Categories: Economics Europe, Economics Global
Project Syndicate: A Failed Global Recovery, by Stephen S. Roach, July 1, 2011The global economy is in the midst of its second growth scare in less than two years. Get used to it. In a post-crisis world, these are the footprints of a failed recover… more »
June 29, 2011Keywords: Jim Rogers, Sovereign Debt Crisis, Currencies more »
08:27:54 am, by editor of MarketObservation.com , 462 words
Categories: Global natural Resources Trends, Politics, Technologies
Spiegel Online International reports that the (premature and opportunistic) political decision to phase out nuclear energy causes deep divisions within the German business community. Some electricity companies are even talking about suing the German gove… more »
07/02/11
07:42:56 am, by editor of MarketObservation.com , 3 words
Categories: Entrepreneurship/Leadership/Innovation
Keywords: Invention, Innovation more »
07/01/11
09:32:02 pm, by editor of MarketObservation.com , 90 words
Categories: Economics United States, Economics Europe
Source: Tim Iacono
The Institute for Supply Management reported that activity in the manufacturing sector expanded for the 23rd straight month in June, the ISM Index rising from 53.5 in May to 55.3 last month, surpassing analysts’ estimates for a read… more »
This is an important study, as economies basically need innovators and entrepreneurs for long run prosperity. It is not a surprise that free market oriented, not too heavily regulated countries top the rankings:
INSEAD: The Global Innovation Index 201… more »
Hans-Werner Sinn points out in his latest article that it is time to face the fact that Europe’s peripheral countries have to shrink their nominal GDP to regain competitiveness:
Project Syndicate: Farewell to the Euro?, June 30, 2011
He is again he… more »
Interesting new paper by the St. Louis Fed, measuring the size of the shadow economy of a country. Not surprisingly, the marginal tax rate and inflation are major parameters of the model.Quantifying the Shadow Economy: Measurement with Theory, by Ped… more »
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