America does not run on cash. It runs on credit. In theory, America’s line of credit is unlimited. But in practice… it can get complicated, fast. The US is the first and largest economy ever to function on credit. Americans have 3.75 credit cards per person. They do some 60 million credit card transactions every…
by Unlearning Economics This appeared originally at The Institute for Dynamic Economic Analysis Blog. Agents in neoclassical economics typically maximize some function, such as utility (‘satisfaction’) in consumption, or profits in production. Taken at face value, this is a transparently unrealistic depiction of how the world works, since it’s pretty difficult for people or firms to…
Much like two weeks ago, last week was quiet with no new funds. Assets in actively managed ETFs declined by $559 million or 3.14% to $17.217 billion. The biggest story continues to be the outflows from First Trust and the Short Term Bond category; these are both the same story. First Trust had outflows of…
We noticed a very interesting development late last week when there was a very late after-hours press release announcing what would generally be considered a normal transaction of shares in a thinly traded micro-cap mining company called Atico Mining. This tiny company is producing gold and copper from an underground mine in Colombia at a…
Wall Street has seen some key records this year. While investors cheered the surge in benchmarks with S&P 500 (SPX) hitting 53 record highs so far, 2014 also became a record year for initial public offerings (IPOs). The U.S. IPO market was the biggest in 2014 since 2000 in terms of both value and number….
Wall Street has seen some key records this year. While investors cheered the surge in benchmarks with S&P 500 (SPX) hitting 53 record highs so far, 2014 also became a record year for initial public offerings (IPOs). The U.S. IPO market was the biggest in 2014 since 2000 in terms of both value and number….
2014 was a bumper year for VC/PE transactions, easily topping the numbers seen in the last 3-4 years. The year witnessed 559 recorded transactions, which was a jump of almost 30% over the previous year. Amount invested jumped even more, up almost 60% to cross $13B, shows data by research firm India Business Reports (www.indiabusinessreports.com)….
Happy New Year and welcome to edition 237 of Insider Weekends. Insider buying declined last week with insiders buying $18.4 million of stock compared to $83.07 million in the week prior. Selling also declined sharply with insiders selling $258.37 million of stock last week compared to $628.05 million in the week prior. Sell/Buy Ratio: The insider Sell/Buy ratio is calculated…
by Washington’s Blog, Washington’s Blog About.com notes: One of the more enduring myths in Western society is that wars are somehow good for the economy. It is vital for policy-makers, economists and the public to have access to a definitive analysis to determine once and for all whether war is good or bad for the economy. That analysis…
The numbers are in and the most expensive city to live in these days is Hamilton, Bermuda. After that, the second is Geneva. But Switzerland by and large is the country where you have the highest cost of living in the world. In fact, 5 Swiss cities are in the top ten most expensive…
