"Economics" Posts
2013 Predictions on Financial Markets (If The World Does Not End Tomorrow)
By LawrenceOthers Predictions There are some interesting predictions I have seen that are worth mentioning. First, the one for its entertainment value goes to Saxo Bank’s annual "Saxo Bank 10 Outrageous Predictions for 2013" Second, is John Mauldin’s "We’ve Had A Good Few Years, But It’s Now Time To Prepare For A Huge Drop In Earnings" […]
Bernanke Having Serious Health Issues?
By Lawrence
From his speech to the Economic Club of Indiana, Mr. Bernanke made some interesting statements. These statements, coming from someone with such prestigious background in education and credentials, look contradictory to what Mr. Bernanke is capable of. I am seriously worrying about his health, specifically, his mental health. Maybe my worry is not warranted as […]
Japan Election 2012 December 16th
By LawrenceNot sure what to expect from the election but the outcome from that can be major game changing event in how dollar yen will move in coming months. In turn, it will affect all other financial markets. From the chart of dollar yen, it is clear that it wants to go back up to 86 […]
48 out of 49 economists agreed on something …
By LawrenceBloomberg news, Fed Seen Pumping Up Assets to $4 Trillion in New Buying 48 out of 49 economists predict FOMC will … Whatever they predicted does not matter. What matters is that they mostly agreed with each other. Definitely the sign of "end of the world". ROFLMAO
Surreal Collective Intelligence Among California School Boards
By LawrenceAs reported by NPR, School District Owes $1 Billion On $100 Million Loan I am speechless when I finish reading that article. Who gave the authority to these people to put the future of these school boards on hook for eternity? I wonder will there be any official investigations into the matter, specifically, if the […]
Essence of Trading: Modern Financial Economics Is Just Alchemy In Disguise
By Lawrence
Economics Is Social Science Many people confuse economics as a science like physics or medical science. Economics is part of social science. It is not the kind of science that can produce precise projection or accurate forecast . In this sense, most of the theories you have come to hear about in economics have no […]
The Open Secret of UK BOE Going QE Infinity
Confirmed today, http://www.bankofengland.co.uk/publications/Documents/speeches/2013/speech631.pdf Ever since the moment we’ve learned that Bank of England is going to choose a new leader, it is confirmed in every trader’s mind that BOE is going all-in QE Infinity. That’s why I mentioned in One More Major Economy Jumping Onto QE Infinity Express yesterday that Japan is the last one […]