Category Archives: Economy

Capital Markets, Economy

Recession news from Japan and EU

Recession news from Japan and weak economic data from Europe have the been the main theme this week. Here are a few interesting articles and videos…

  • http://www.marketwatch.com/story/us-stocks-futures-fall-as-global-data-disappoints-consumer-prices-ahead-2014-11-20
  • http://www.marketwatch.com/story/profits-now-apocalypse-later-as-we-head-toward-the-chasing-season-2014-11-20
  • http://wolfstreet.com/2014/11/17/how-warren-buffett-is-dumping-stocks-out-the-backdoor/
  • http://finance.yahoo.com/news/short-seller-kass-on-market-highs–i-am-waiting-to-pull-the-trigger-135407900.html
Economy, Finance, Investments, MyOrbit Blogs, People, Risk Management

Wall Street Crash, October 1929

This post is probably the most valuable post on this website, for the amount of history, learning, wealth and losses it captures, and lessons that are as relevant today, as they were in the Wall Street Crash, October 1929. Please read and share. Thanks.

Claud Cockburn, writing for the “Times of London” from New York, described the irrational exuberance that gripped the nation just prior to the Wall Street Crash, October 1929 and the following Great Depression of the 1930s, the bread lines, the apple sellers, etc. As Europe wallowed in post-war malaise, America seemed to have discovered a new economy, the secret of uninterrupted growth and prosperity, the fount of transforming technology:

“The atmosphere of the great boom was savagely exciting, but there were times when a person with my European background felt alarmingly lonely. He would have liked to believe, as these people believed, in the eternal upswing of the big bull market or else to meet just one person with whom he might discuss some general doubts without being regarded as an imbecile or a person of deliberately evil intent – some kind of anarchist, perhaps.” Continue reading →

Economy, Jobs & Careers

UK Study: Graduates Boost Economic Growth

New NIESR research published today by the Department for Business Innovation and Skills highlights the importance of graduate skills to the UK economy.  Looking across developed economies, we found that – as both economic theory and common sense would predict – countries which increased their share of graduates in the workforce saw labour productivity grow faster.  For the UK, we estimate that roughly one-third of the increase in labour productivity between 1994 and 2005 can be attributed to the accumulation of graduate skills in the labour force.   In other words, a substantial share of the UK’s economic growth over this period was driven by the expansion of higher education and the resulting increase in the proportion of workers who have a graduate-level qualification.  Read full post by David Wilkinson here:
http://niesr.ac.uk/blog/graduates-boost-productivity

Economy, FAQ, Jobs & Careers, MyOrbit Blogs, People

How Do We Create More Jobs In America?

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRpbP0yoLCCFOPOhPY36JM4u8PxRBoUPeMZaBVQf0yrDYJnSn7gQgWhen it comes to creating jobs in these United States, there are no easy answers. We live in a Capitalist society, and as such, creating jobs really has nothing to do with anyone except those who own companies and just so happen to require a workforce. There will never be a government program that can create solid jobs for Americans, and any attempt to do so would be temporary. If we lived in North Korea, we could rely on the government to come up with momentary jobs for us that wouldn’t pay as well as an American would like, but because we don’t (and thank goodness we don’t) we have to think of other ways to do such a thing. The great thing about living in the present is that we’ve already faced problems like this in the past. When we look to history, we can learn from the mistakes of old instead of making the same mistakes. Continue reading →

Economy, People

Tony Blair urges Britain to stick with European Union

http://t0.gstatic.com/images?q=tbn:ANd9GcT1fbqwqzGtmS3lCs8dIRLJeVG0vj71dZH9PCF70_o2uYpg3yOknATony Blair, the former prime minister, warned regarding Britain’s future in the European Union, that the country will face a risk if it edged toward leaving its regional alliance while power shifts to emerging economies.  Speaking in London, Tony Blair argued about his country’s place in the bloc saying that the European Union was important because it helped Britain leverage its influence within a changed geopolitical landscape. Britons have not been enthusiastic about European integration but, lately, talks over Britain’s relationship with the European Union have geared up. Tony Blair was questioned by critics, telling his reliability at home had been dented by his interest in the Iraq attack, and because he had been active for euro membership, which has gone through a debt crisis.

Continue reading →