Investment News of Bloomberg (Videos) and Reuters
Bloomberg Television on Youtube
Reuters on Global Investing
Selected Investment Blogs
The Big Picture
Economix (New York Times)
Mish’s Global Economic Trend Analysis
The Capital Spectator
The Reformed Broker
25iq Thoughts on Investing and Investor's Psychology
Keywords: US Economy, Regulation, Fiscal Uncertainty
Study: At most a third of us show a consistent approach to financial risk; Empirically rich new study finds most people alter their risk-management approach depending on the type of financial decision, by Peter Dizikes, MIT News Office
Take a moment to consider some of the financial choices you’ve made in recent years. Do you have a consistent approach to your money, either by playing it safe or having a willingness to take risks? Or do you not have a set philosophy, and instead make your financial decisions independently of each other? read more on MIT News
Keywords: Risk Behavior, Financial Decision
Randy Komisar, Partner at Kleiner Perkins, explains that market forces and current opportunities play a big role in whether or not an entrepreneur succeeds.
Keywords: Skills of Entrepreneurs, Taking Advantage of Opportunities
Year end is the time for (not often very competent) stock market predictions.
It could be wise to challenge such predictions with more fundamental considerations of proven cracks in the field of value investing.
Such as Warren Buffett:
This "value investing checklist" is also quite useful.
Keywords: Value Investing, Fundamental Company Value
Opp, Christian C., Learning, Active Investors, and the Returns of Financially Distressed Firms (June 14, 2012). Available at SSRN: http://ssrn.com/abstract=2181441 or http://dx.doi.org/10.2139/ssrn.2181441
"I develop a dynamic asset pricing model to analyze expected returns of financially distressed firms in the presence of learning about firm fundamentals and endogenous information acquisition by active investors that acquire large stakes in distressed firms via private investments in public equity. The model reveals that learning and information acquisition critically affect risk exposures close to default and can rationalize low and even negative expected equity returns for firms with high default risk. Similar to Schumpeter's (1934) argument that recessions have a positive, cleansing effect on the economy, the model reveals that equity holders may benefit from the increased speed of learning about insolvent firms in downturns, which increases the value of their abandonment option in these times. Equity holders' option value is further enhanced by the ability to partially free-ride on active investors' acquisition of information on firm fundamentals. Both information channels are shown to affect equity betas, and may account for striking, momentum-type dynamics in risk premia." Source: SSRN
Keywords: Learning, Financial Distress
Keywords: Venture Capital, Entrepreneurship
Keywords: Media, Information Business
Cullen O. Roche of Orcam Financial Group, LLC describes very well the Fiat monetary system, focusing on the US system. A must read for non financial experts to get a better understanding of the system.
"This paper provides a broad understanding of the workings of a modern fiat monetary system that is applicable to countries that are autonomous issuers of currency in a floating exchange rate system. The paper is broken down into 6 sections which I would recommend reading individually for ease of digestion and understanding." SSRN
Keywords: Monetary System, Fiat Money
"This paper studies the relation between the going public decision and employment growth experienced by IPO firms. We find that a typical IPO firm in our sample hires twice more employees around its IPO than during its life as a private firm. The number of employees increases by 31% during the two-year period around the IPO. Evidence shows that the most likely channel through which IPO firms increase their employment levels is the relaxation of their financial constraints, allowing firms to access both equity and debt markets resulting in better funding of their growth opportunities and an increase of the firm’s human capital. We also examine the relation between employment growth and firm performance: IPO firms with greater employment growth exhibit better performance and lower delisting probability. Overall, these results highlight the importance of the IPO event and access to public capital markets for job creation by US firms." Source: SSRN
Keywords: Initial Public Offering, IPO, Employment
Keywords: US Economy, Immigration
..."The share of households projecting the economy will get better rose to 37 percent in November, the highest since March 2002, according to a survey accompanying the Bloomberg Consumer Comfort Index. That propelled the survey’s monthly consumer expectations gauge to 4 from minus 7. Jobless claims fell last week, while the index of leading economic indicators advanced in October, other reports showed"...read more
Keywords: US Economy, US Consumer Confidence, US Housing
Keywords: Investing, Speculation
"The re-balancing of China's economy will offer opportunities in various sectors and benefit small-and medium-sized enterprises. However, direct access to SMEs for international investors is often difficult. Private equity is well placed to benefit from this opportunity, and provides access to small companies (70% of deals were done were < usd 50mn in the last 5 years) not available through public equity markets." Source: SSRN
Keywords: Private Equity, China, Chinese Private Equity Market
Further China PE market information:
China Europe Mergers & Acquisitions:
A prominent transaction example:
Dr. Thomas Jordan points out in his speech that the long-term restructuring of public finances remains unsatisfactory in many countries and that it would be disastrous for the long-term future of the global economy if the time slot opened up by monetary policy would not be used by politics.
Keywords: Role of Central Banks, Monetary Policy
The evolution of the role of the Fed during various financial crises, a new St. Louis Fed working paper:
Carlson, Mark A. and Wheelock, David C., The Lender of Last Resort: Lessons from the Fed's First 100 Years (November 7, 2012). FRB of St. Louis Working Paper No. 2012-056A. Available at SSRN: http://ssrn.com/abstract=2173391
Keywords: Monetary Policy, Fed, ECB
"The US and Europe economic surprise indices have diverged dramatically recently. After the weakness in new orders during the summer, economists have lowered expectations for the US, but were since consistently surprised to the upside. In Europe the falling sovereign borrowing costs made some forecasters more sanguine about prospects for a recovery, which did not materialize. Instead the Eurozone saw consistent deterioration in the "core" economies." Source: Sober Look
Keywords: US Economy, European Economy, Economic Indices, Economic Surprise Index
Econ Analysis: Selected contributions to economics: articles, papers, podcasts, blogs (constantly updated)__________________________________________________________________________________________________
Recommended search terms (click on terms):
Analysts, Analyst Recommendation, Animal Spirits, Austerity, Bail out, Behavioral Finance, Bubble, Buyout, Carried Interest Taxation, Central Banks, CEO, Compensation, Contagion, Corporate Governance, Creative Destruction, Crisis, Currency War, Decoupling, Deflation, Depression, Economic Outlook, Economic Stimulus, Entrepreneur, Exchange Rates, Fiscal Policy, Forecast, Hedge Fund, Herding, Inflation, Information Cascades, LBO, Innovation Minsky Cycle, Monetary Policy, Moral Hazard, Mortgage, Nationalization, Protectionism, Recession, Regulation, Shareholder Activism, Sovereign Wealth Funds, Subprime, Taxes, Tobin Tax, Venture Capital, Walker Report, Yield Curve,
Finance and Real Estate:
Biofuel, Carbon, Cleantech, Climate Change, CO2, Energy, Food Crisis, Food Prices, Externalities, Gold, Kuznets Curve, Solar, Oil, ______________________________________________________________________________________________________
Natural Resources and Food:
Latest articles of selected institutions:
Imported information which does not show the source will be removed.
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