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Macroeconomics notes
I like it but...macroeconomics is in a great trouble just now, it's predicting capacity has shrinked to zero...problem
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His First 4 Sentences Are Interesting. The 5th Blew My Mind. And Made Me A Little Sick.

His First 4 Sentences Are Interesting. The 5th Blew My Mind. And Made Me A Little Sick. | Macroeconomics notes | Scoop.it
Be the smartest person at your next cocktail party by repeating this whole sickeningly fact-checked speech.
Miklos Szilagyi's insight:

It's an amazingly entertaining 7 minutes video about one of the most dull and unresolvable topic like the health care system in the US, with some outlook to that of other countries... it's... it's... good...:-)))

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Shale - The Last Oil And Gas Train: Interview With Arthur Berman

Shale - The Last Oil And Gas Train: Interview With Arthur Berman | Macroeconomics notes | Scoop.it
How much faith can we put in our ability to decipher all the numbers out there telling us the US is closing in on its cornering of the global oil market? There’s another side to the story of the relentless US shale boom, one that says that some of the numbers are misunderstood, while others are simply preposterous. The truth of the matter is that the industry has to make such a big deal out of shale because it’s all that’s left. There are some good things happening behind the fairy tale numbers, though—it’s just a matter of deciphering them from a sober perspective.
Miklos Szilagyi's insight:

Well, it's a very interesting overview about how the natural and shale-gas balance is working now and in the future, its economics and the myths about the whole thing... as it is normally, the experts' views are quite different what we can read in the newspapers from the responsibles... as it is normally, these are difficult matters, you can not easily screen out the truth...

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What would Keynes do? How he’d address today’s American economy

What would Keynes do? How he’d address today’s American economy | Macroeconomics notes | Scoop.it
To fix this struggling economy, here's why he'd want investments in infrastructure, education and healthcare
Miklos Szilagyi's insight:

Well, Keynes, Hansen digged out... times when economists are just seemed to be completely lost the North...

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Nero's Guests : P. Sainath

Nero's Guests : P. Sainath
Miklos Szilagyi's insight:

Tacite describes in his history a big-big gathering of Nero's time in his premises... everybody were invited, "tout Rome" was invited and was there... Mr. Sainath is using this metaphor to characterise what is happening in the agriculture "business" world wide today... why are so much suicide among the indian (in India) agricultures? Why they are not able to survive, to live relatively well off with their work? For whom their work is useful? Why 4 big 3rd world country representants have written in an article in teh American high quality press, saying that "your subsidies are killing our paysans?" What is happening here?

 

Well, the story goes on about Nero... Nero has had the problem of lighting... to make light in the darkness for so many people... he solved this problem... why not using slaves as living torches? He decided to do that and the lighting problem was sold... Mr. Sainath is not interested why Nero has done that, he is interested in his guests, the senators, the poets, the nobles, the intellectuals who were all there and eaten the Lucullus-type dinner... in the linght of the linving torches... well, Mr, Sainath is not really interested in the ancient time, he is interested who are the guests now who are sitting at the tables... And Mr Sainath is not saving even the Finnish camaraman either... he asks even him uneasy questions... great man... 

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Undercover Economist: The laws of Rockonomics

Undercover Economist: The laws of Rockonomics | Macroeconomics notes | Scoop.it
Three lessons on money and market forces derived from the music business Economics and rock ’n’ roll don’t necessarily go hand in hand, but there’s something in the air this summer: my attention ha...
Miklos Szilagyi's insight:

What Kid Rock might teach to Mr Krueger...:-)))

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Nathan Tankus: Krugman von Hayek

Nathan Tankus: Krugman von Hayek | Macroeconomics notes | Scoop.it
Mainstream economic discussions employ a false dichotomy. At one “extreme” you have Austrian economists who believe the current Federal Reserve policy is (or should be) causing inflation, malinvest...
Miklos Szilagyi's insight:

Well, good luck for understanding it but anyhow it was very interesting to read...:-)))

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MAULDIN: Economists Are Totally Clueless About The Economy

MAULDIN: Economists Are Totally Clueless About The Economy | Macroeconomics notes | Scoop.it
John Mauldin argues economists fail at forecasting and understanding the economy.
Miklos Szilagyi's insight:

I always did know that...:-))) still, it's an interesting and very long article...:-)))

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Guest Post: It's A Bit Early To Declare A Winner In The Economic Debate | Zero Hedge

Guest Post: It's A Bit Early To Declare A Winner In The Economic Debate | Zero Hedge | Macroeconomics notes | Scoop.it
We are a long way from really resolving the argument between the Keynesian and Austrian economic theories, despite some so-called experts proclaiming Krugman's victory this week.
Miklos Szilagyi's insight:

Tha argument isn't really over... 

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The Secret World Of Gold | Zero Hedge

In a wide-ranging look at the history and present of the barbarous relic, CBC's Ann-Marie MacDonald has gathered many perspectives (pro and con) on gold.
Miklos Szilagyi's insight:

Interesting pieces... the yellow metal has marginal industrial importance, has a massive jewellery/apparel-type of importance and inherently nothing else... however, it is used as a tresury tool by governments and by individuals... but as such it's (very) volatile (and not interest bearing), e.g. in September, 2011 an ounce was USD 1900 and on 19th April it was a little bit over 1400...minus 26%... what is behind this obscure, magical asset?

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U.S. Workers Saving Too Little to Retire

U.S. Workers Saving Too Little to Retire | Macroeconomics notes | Scoop.it
Workers and employers in the U.S. are bracing for a retirement crisis, even as the stock market sits near highs and the economy shows signs of improvement.
Miklos Szilagyi's insight:

More and more problems with the more and more aging population... stay and die young... to become older is risky...

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The Oddacity Of Hype - Geithner's "Behind The Scenes" Book Coming In 2014 | Zero Hedge

The long-awaited tell-all is coming soon to an ebook near you soon - well in 2014.
Miklos Szilagyi's insight:

Might be interesting... or not... only an n+1eme version of the famous beginning of the biggest mondern times financial crisis...

 

I would just mention that there are interesting comments to the post (e.g. a quantitative tale...)

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Every "Record" Dow Jones Point Costs $200 Million In Federal Debt | Zero Hedge

Every "Record" Dow Jones Point Costs $200 Million In Federal Debt | Zero Hedge | Macroeconomics notes | Scoop.it
The past week brought us history: on Tuesday, GETCO and Citadel's HFT algos were used by the Primary Dealers and the Fed to send the Dow Jones to all time highs, subsequently pushing it to new all time highs every single day of the week, and higher...
Miklos Szilagyi's insight:

Hmmm...

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Moral case for sustainability more effective than economic?

Moral case for sustainability more effective than economic? | Macroeconomics notes | Scoop.it
A recent Dutch study suggests that engaging the public in the moral rather than economic case for sustainability might be more effective
Miklos Szilagyi's insight:

Interesting conclusion: "...people thought that it is better to be green than it was to be greedy", i.e. the green-motivation has won over the economic one... one more evidence that we are not that economic-minded "animal" ecomomists like to suppose...

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China Doesn't Back Russia's Invasion Of Crimea — And That's A Big Problem For Putin

China Doesn't Back Russia's Invasion Of Crimea — And That's A Big Problem For Putin | Macroeconomics notes | Scoop.it
Stop Putler: 10 Million People Against Russian Fascism
Miklos Szilagyi's insight:

Interesting notes on the marge of the (very) contemporary history...

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Is economics leaving Wonderland? | The Enlightened Economist

Is economics leaving Wonderland? | The Enlightened Economist | Macroeconomics notes | Scoop.it
Miklos Szilagyi's insight:

We are in the darkest middle of the wood... and slowly the economists are starting to realize that we are in the darkest middle of the wood... that's a progress...:-)))

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How Technology Is Destroying Jobs | MIT Technology Review

How Technology Is Destroying Jobs | MIT Technology Review | Macroeconomics notes | Scoop.it
Automation is reducing the need for people in many jobs. Are we facing a future of stagnant income and worsening inequality?
Miklos Szilagyi's insight:

Now, another analysis about this... yes, definitely there will be less people needed... and yes, more and more people in the coming generations will find almost or completely impossible to find paying jobs... on the other side, the people who will work will study more, will know more in average than now and their job, their performance will be much more critical to the world to go around.... more and more sophistication (automation means this as well) will need more and more never heard type of thoroughness in the future workplace... 100 years ago a human error was simply reparable because the effect it had was small... as people will have more and more responsibility with enormous effects what they can induce the human error will be more and more catastrophic...  so, there are two sides: less people will be needed for the work to be done but those needed will be needed badly...

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Human Nature and the Moral Economy | The Primate Diaries, Scientific American Blog Network

Human Nature and the Moral Economy | The Primate Diaries, Scientific American Blog Network | Macroeconomics notes | Scoop.it
Economics is inextricably tied to moral behavior, though few economists will say that. It's time someone did.



In every financial transaction--whether you're selling a car, paying employees, ...
Miklos Szilagyi's insight:

Well, anthropologists and economics... moral and economics... they are seemingly oxymorons... still, one of the most intereting posts I've read recently about the history and possibilities leading out fom the crossroads we are at... gifts economy and other interesting concepts which can once (when...?) help us to go towards a more liveable world...

 

Yeahhh... and the links leading out from the article, the comments and the discussions below the article are very rich in very interesting ideas... take your time if you have some...:-)))

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Antonio Fatas and Ilian Mihov on the Global Economy: China getting close to hit the Great Wall

Antonio Fatas and Ilian Mihov on the Global Economy: China getting close to hit the Great Wall | Macroeconomics notes | Scoop.it
Miklos Szilagyi's insight:

Interesting thoughts about the two phases of development (in terms of GDP) and their dependency on the "quality of institution"... whatever this latter should mean...

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Trickle-Down Economics? It Just Doesn't Work...

Trickle-Down Economics?  It Just Doesn't Work... | Macroeconomics notes | Scoop.it
Miklos Szilagyi's insight:

Well, evidenced-based analysis about the very very weak correlation of trickle-down economy's measures and the claimed benefits for all in America... data over 40 years...

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Sedlacek közgazdasága az Átriumban… egy fergeteges színházi est…

Sedlacek közgazdasága az Átriumban… egy fergeteges színházi est… | Macroeconomics notes | Scoop.it
Tegnap este egy egyszeri, nagyon érdekes, maradandó élményt jelentő színházi esten voltam a Tudáskurátoros barátaim (Tamás, Krisztina) invitálására a most Átrium, korábban Május 1 moziban a most is, régebben is Mártírok útján (a mártírokkal az...
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The Economic Argument Is Over — And Paul Krugman Won

Miklos Szilagyi's insight:

One of the biggest macroeconomics debate today, whether  governmental monetary stimulation  (QE = quantitative easing or in broader terms printing money) or rather austerity, cost cutting and by these decrease of debt are justfiable by valid facts... One of the onerously quoted research paper in the favor of the redressing, of the austerity measures has seemingly some important errors in its calculation which degrades its relevance... an important argument (an absolut threshhold 90% sovereign debt (against GDP) is sure signal of a starting point of a deadly negative spiral the economy can get into...) has been weakened... Paul Krugman columnist and Nobel laureat and some other economist says on stark voices that yes, the state shold help the economy with this tool... one of the argument against his case weakened...  Did he Krugman in? I for one don't know... I am not convinced by the fact of these findings... I just think without really to be able to prove it by hard research data that it is not a hood thing to cure the debt crisis by further debts...

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Iceland vs Greece: Pick The Winner | Zero Hedge

Iceland vs Greece: Pick The Winner | Zero Hedge | Macroeconomics notes | Scoop.it
We showed this chart over the weekend, but it bears repeating simply because in this case, one chart does indeed speak a thousand words. Presenting: unemployment in Iceland and Greece - pick the "just say no to the status quo" winner out.
Miklos Szilagyi's insight:

Accomodation race...

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Dan Ariely » Blog Archive Wealth Inequality in Motion. «

Dan Ariely » Blog Archive Wealth Inequality in Motion. « | Macroeconomics notes | Scoop.it
Miklos Szilagyi's insight:

Wow, it's mind-blowing... actually not so much the facts... heard it here and there... but somehow the presenteation is brilliant and shocking... my very amateur (historian) remark: the trend (and the intention of the rulers) was always so skewed but now somehow the technology, the sophistication and the globalisation (neither of them is "wrong" in itself) has helped the rich to be even more richer than anytime in history...

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Top Ten Economic Predictions for the Next Decade

Top Ten Economic Predictions for the Next Decade | Macroeconomics notes | Scoop.it
U.S. economy forecast over the next ten years. Find out what the experts predict for the U.S. debt, GDP, and unemployment, as well as the dollar, oil and gas prices, and the housing market. Learn what this means to you.
Miklos Szilagyi's insight:

An opinion... there are interesting points...

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If You're An Austrian Woman, Move To Italy | Zero Hedge

If You're An Austrian Woman, Move To Italy | Zero Hedge | Macroeconomics notes | Scoop.it
We know that core and periphery are struggling under the same monetary policy sun as divergences grow wider. We also know that even in the core, the Franco-German divide continues to gape.
Miklos Szilagyi's insight:

Very interesting comparison... how about one factor of the gender inequality in th EMU...

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