Click to read:Gays Will Get Hate Crimes Protections Oct 23, 2009
How wonderful and lovely of creations Equilibrium for lost mankind. umaydomayda. (CBS News)
Impact of the Global Financial Crisis and Its Implications for the East Asian Economy, Keynote Speech by Mr. Takatoshi Kato, Deputy Managing Director, International Monetary Fund, At the Korea International Financial Association, First International Conference Oct 22, 2009
With the return of the exchange rate nearer to its medium-term equilibrium level, net exports are likely to contribute much less to growth. Asia remains very dependent on demand from U.S. consumers. (IMF News)
Rent-seekers' nirvana Oct 21, 2009
The Efficient Market Hypothesis (EMH) postulates such excess returns to be impossible, since capital would rush to the nexuses where they existed, and drive returns down to an equilibrium level. One need not be a believer in the EMH to agree with its conclusions in this respect; Warren Buffett, the greatest investor in America, has achieved returns only barely above 20% annually in his 50-year investment career. (Asia Times Online)
Groups urge U.S. to extend home tax credit Oct 20, 2009
"Achieving equilibrium between supply and demand for housing is critical to stabilizing housing prices, and therefore household wealth," said the group. Extending the tax credit would help boost demand enough to absorb housing inventory, the groups said in the letter. (USA Today -- Money)
Make Smarter Marketing Bets in 2010 Oct 14, 2009
Those who have managed to achieve some sort of new equilibrium in 2009 might be able to make further adjustments, while companies that haven't will continue to grow weaker some not surviving at all. That spells opportunity to those that remain. (BusinessWeek)
Quest for strong home after disaster Oct 13, 2009
It is always harder to sustain the notion of equilibrium and peacefulness rather than breaking them asunder with corrupt thoughts and ill-willed political maneuvers. But just like a broken pot can be glued back with the right substance, a home is built and maintained when we make the best of what is available, even after a terrible shock. (Sydney Morning Herald -- Opinion)
R Krishnan: World in a coffee cup Oct 13, 2009
In 1994, bean prices had hit the roof due to frost ravaging the crop in Brazil and that triggered off a reckless expansion of cultivation which upset the global supply-demand equilibrium to an extent that bean prices crashed from 1998 to 2004. Bean prices have stabilised to an extent where, as International Coffee Organisation executive director Nestor Osorio quipped while inaugurating the Third India International Coffee Festival (IICF-2009), coffee-consumption has been recession-proof during... (India Times)
Industrial vacancies at 19-year high Oct 13, 2009
By the second quarter of 2010 I would not be surprised at all to start seeing some equilibrium or moving toward equilibrium in the supply-demand equation, Mr. Bercu says. He points to an increase in leasing activity in the third quarter, a good-sized pipeline of deals for the fourth quarter and data from the Institute for Supply Managements gauge of U.S. manufacturing that showed slight expansion nationally in August and September. (Crain's Chicago Business)
Nobel Economics Prize is more merit of past contributions Oct 13, 2009
John Hicks from British Oxford University and Kenneth Arrow from Harvard University shared the 1972 Nobel Economics Prize for their pioneering contributions to general economic equilibrium theory and welfare theory. STOCKHOLM, Oct. 12 (Xinhua) -- Elinor Ostrom and Oliver E. Williamson, both from the United States, won the 2009 Nobel Prize for economics for their analysis of economic governance, the Royal Swedish Academy of Sciences announced Monday. (Xinhuanet, China)
Oil prices nearly flat as dollar strengthens Oct 10, 2009
For the moment, oil markets have reached an equilibrium that has both producers and consumers happy, said Jim Ritterbusch of Ritterbusch and Associates. Producers say they need at least $70 per barrel to continue exploring for more oil. (Muscatine Journal, IO)
Four Billion Reasons Why Asia Will Triumph Oct 9, 2009
For most of my career, I have practiced what I would call disequilibrium macro -- focusing on the destabilizing tensions that arise when economies have moved far from the tranquility of equilibrium. As such, I have tended to frame macro-analytic arguments and market calls from the standpoint of what should happen to relieve those tensions. (Slate)
'Coffee prices to stay reasonable' Oct 8, 2009
Consumption and production are in an equilibrium. There are reasons to believe that prices would be maintained at reasonable levels though growers desire that there should be high prices on the back of high fertiliser prices and a depreciating dollar. (India Times)
A reformed Islam could save Afghanistan Oct 8, 2009
If there is any chance for the indigenous emergence of peace and stability in Afghanistan through an Islamic renaissance, the global and regional powers surrounding it should act on a principle of "negative equilibrium" in which no country can interfere in Afghanistan's affairs. The Afghan people should also consider that a plurality of different ethnic groups with competing economic and political interests can maintain peaceful relationships only when the country becomes a federation organized... (Christian Science Monitor)
Thousands of Romanian workers protest low wages Oct 7, 2009
The equilibrium established by the market will be healthier than any government official setting wages. Additional benefits resulting from a decrease in immigration would include lower expenditures for social services, schools, jails, prisons, courts and hospitals. (Fresno Bee -- Local)
New home construction down 9% in August Oct 6, 2009
This is good news on two fronts: Our metro areas account for 70 percent of market activity, and this figure continues to trend towards greater market equilibrium. In Birmingham, permits issued dropped more than 36 percent over the previous month to 125 and housing starts fell more than 6 percent to 153. (Birmingham Business Journal, AL)
Vegas Casinos Fold on Expansion Plans... Oct 5, 2009
"The industry is seeking a new equilibrium," says Gary Loveman, the chief executive of closely held Inc. "The last period was one where people were drunk on the use of capital and used it to solve every problem. Clearly that can't continue.". In the place of new buildings, the casinos and the Las Vegas Convention and Visitors Authority say they are working to create more special events. (The Drudge Report)
Joseph Stiglitz wants worlds poorest nations to solve the economic crisis (via) Oct 3, 2009
In his vision of "ecology as politics", Andr Gorz argued that advertising inflates our desires and robs us of any ability to live in equilibrium with nature ... This was an equilibrium of continual, controlled movement, in which joy was just one, short-lived component. (Harper's Magazine)
A Short Introduction to Oil Prices and Oil Inventories Oct 2, 2009
This is certainly true, however to my way of thinking the ability of the OPEC Directorate to meet at short notice, and agree on a cut in the oil production, carries more weight than the sudden appearance of market circumstances that could upset either the psychological or the economic equilibrium of the most influential OPEC producers. A Conclusion. (Energy Pulse, CO)
Surprise — among the advocates of improved, expanded heath care was former President Richard Nixon Sep 30, 2009
It has been, slowly but surely, degrading the free-market system for decades; and that is the fundamental problem with health care today ( the market place can not find equilibrium when distorted by government intervention ) -- What do I have to do. write a letter or something. (Lodi News Sentinel, CA)
* Obama wants G20 to rethink global economy Sep 22, 2009
Calls for a new equilibrium are growing. We need to have rebalancing of growth and increase in consumption in the emerging markets to have enough growth in the short term, IMF chief Dominique Strauss-Kahn told the Financial Times. (Taipei Times, Taiwan -- World Business)
* Economists need to study bubbles, reinvent models Sep 22, 2009
For example, the Dynamic Stochastic General Equilibrium Model of the Euro Area, developed by Frank Smets of the European Central Bank and Raf Wouters of the National Bank of Belgium, is very good at giving a precise list of external shocks that are presumed to drive the economy, but nowhere are bubbles modeled. The economy is assumed to do nothing more than respond in a completely rational way to these external shocks. (Taipei Times, Taiwan -- World Business)
No Country for Young Men as Real `Change' Begins Sep 21, 2009
Finding a point of equilibrium between free markets and something kinder has long been a challenge for Japan. The global crisis has intensified the tension. (Bloomberg -- Columnists)
Romance writer who irks Singapore's leadership Sep 20, 2009
She talked of politics and science and mah-jong and her adventures with men, of her atheism and her ruminations on death, which she said would bring perfect happiness through equilibrium and oblivion. She talked of her childhood in Malaysia in a superstitious Hokkien Chinese family - the source of the ghost stories she has turned into literature - and her anglicisation by nuns in a Catholic school who taught her to love the English language as well as the strawberries and daffodils she had never... (Sydney Morning Herald -- World)
We need to ask how it came so unstuck Sep 19, 2009
It's usually in ''equilibrium'' (balance) and, should some external event push it into disequilibrium, this sets off a process that returns it to equilibrium quickly and easily ... All this means academic economists tend to focus their attention on what happens when everything is going right - when markets are in equilibrium - and give little thought to the circumstances in which things could go wrong. (Sydney Morning Herald -- Business)
A study of Sino-African ties Sep 19, 2009
It is a portrait of mutual dependency that has still to find an equilibrium. The rationale for Chinas big bet on Africa is not at all hard to understand. (The Star Online, Malaysia -- Business)
The W is getting lazier Sep 16, 2009
Based on the stock market prices of early 1995, when the economy was in approximately in equilibrium, one could have expected the Dow Jones Industrial Average to have risen from its 4,000 at that point to around 7,800 - in line with nominal GDP. At that point, the market would have been equivalently valued, in terms of the economy, to its level in early 1995. However, early 1995 already was four years into the long 1990s' boom, and the market was almost 50% above what had seemed an unsustainable... (Asia Times Online)
Saturdays protest: Fed up with deficits or Democrats? Sep 15, 2009
America is out of kilter, The enemies of America have destroyed the equilibrium. MAAT (order) must be restored before we can achieve balance. (Atlanta Journal-Constitution -- Opinion)
Glamour substitutes for substance Sep 15, 2009
Reaching an equilibrium price is never an easy task. And when it comes to price, the Myer boss, Bernie Brookes, is playing as coy as young Jennifer. (Sydney Morning Herald -- Business)
Why capitalism fails Sep 13, 2009
Far from trending toward some magical state of equilibrium, capitalism would inevitably do the opposite ... Indeed, if there s anything to be drawn from Minsky s collected work, it s that perfection, like stability and equilibrium, are mirages. (Boston Globe)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Lao People's Democratic Republic Sep 12, 2009
They noted the staff s assessment that the real effective exchange rate is broadly in line with its medium-term equilibrium. Directors emphasized the need to reduce the fiscal deficit, to curtail quasi-fiscal operations, and to bring all fiscal operations on budget. (IMF News)
A positive role for Sino-Western synergy Sep 11, 2009
"Zhang Qian's Diplomacy is also in action through the SCO. In June 2009, at the SCO Yekaterinburg summit, China announced plans to provide a US$10 billion loan to SCO member states to help their struggling economies amid the global financial crisis. Xinjiang's stability and development, and beyond, the success of "Zhang Qian's Diplomacy" are in the highest interest of the international community. The massive Chinese investment in the gigantic Aynak copper mine project near Kabul signals that... (Asia Times Online)
* Sports Briefs Sep 5, 2009
Construction on the stadium will begin when the current contraction in the banking industry ends and the global financial markets re-establish their equilibrium, Liverpool managing director Christian Purslow said. SOCCER Argentina attend Mass. (Taipei Times, Taiwan -- World Business)
A Labor Day sigh over summer books Sep 5, 2009
Books are creatures of commerce, and the market will eventually find equilibrium when it comes to literary output. If the traditional book trade tips toward less production, authors and their audiences might actually find a few silver linings. (Christian Science Monitor)
No new Liverpool stadium until recession is done Sep 4, 2009
"Construction on the stadium will begin when the current contraction in the banking industry ends and the global financial markets re-establish their equilibrium," Liverpool's new managing director Christian Purslow said. Purslow hopes the stadium on the adjacent Stanley Park will be ready in time for 2018 to stage World Cup matches should England's bid to stage the showcase event prove successful. (SportsIllustrated.CNN -- Soccer)
Seeking Warning Signs for Catastrophic Tipping Points Sep 4, 2009
Tip-offs for tipping points appear when the feedback loops that normally keep complex systems at equilibrium become stressed. Too many trees are cut down, too many cattle are turned out to graze, too many investors sell low. (Newsmax)
Conservatism's Exaggerated Death Sep 4, 2009
He credits Disraeli for recognizing that modern conservatism must serve "the interests, needs, and rights of the entire population." And he observes that for Burke "the task of statesmen was to maintain equilibrium between 'the two principles of conservation and correction.'" Yet Tanenhaus does not maintain equilibrium in his analysis of these principles, attending sympathetically to conservatism's correcting function while neglecting its conserving imperative. The religious faith, moral... (CBS News -- Opinion)
Bursting At The Seams: Health Or Wealth? Sep 4, 2009
The sage did not only lose the confidence and beauty of society but had painfully lost inner equilibrium. Should our world be allowed to be so fraught with such deep disappointment. (Ghana Web, Ghana)
What Wall Street and nature have in common Sep 3, 2009
Warning signs One of the common warning signs of an impending tipping point is when a system takes longer to recover to equilibrium after it is disturbed. Most systems exist in temporarily stable states of equilibrium ... If the system is perturbed by some force and pushed in a new direction, it usually moves back toward equilibrium quickly. (MSNBC -- Environment)
U.S.' past, China's future? Sep 3, 2009
Smith provides the foundation for capitalism and explains that individuals acting in their self-interests unintentionally generate social benefits through "invisible" market forces that promote market equilibrium and community happiness. The creative tension that existed between Jefferson and Hamilton, who sided with each of Smith's visions, could have easily disintegrated into violent factionalism were it not for the stabilizing hand of the first US president Washington. (Xinhuanet, China)
Ghana Begins To Move On Toxic Loans Sep 2, 2009
Even as the Governor begins to pack out of the High Street, he maintains a taciturn presence actuated more by his bankers training and his years of patient tutelage at the International Monetary Fund, and the need to maintain equilibrium in the sector, despite leaping inequities, toxic balances and padded accounts by Ghanaian banks, which he very well knows, unlike Sanusi. But then again, he may be guarding his generous pension package which is guaranteed. (Ghana Web, Ghana)
Singapore's resilient and sound says IMF while offering improvements Sep 1, 2009
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Analysts see flattish ringgit movement Sep 1, 2009
But another IMF report said the ringgit appeared to be weaker than its equilibrium level in real effective terms. . (The Star Online, Malaysia -- Business)
Chicago PMI Unchanged in August, No Contraction Sep 1, 2009
The barometer "reached equilibrium as the number of businesses contracting equaled the number of businesses expanding," ISM-Chicago said in a news release. Sub-50 readings show contraction, while readings above 50 signal contraction. (SmartMoney)
NDC And NPP: Can't You Get Along Aug 29, 2009
However, I dont expect to see any full-fledged impact of my writings, supposedly on the Ghanaian political or social equilibrium. But, I hope one day history would prove me right. (Ghana Web, Ghana)
Press Release: Statement by an IMF Mission to Costa Rica Aug 26, 2009
In addition, the mission s analysis suggests that the current level of the real effective exchange rate is broadly in equilibrium. Performance under the Stand-By Arrangement has been commendable. (IMF News)
Iceland's Krona Is Undervalued by Market, Central Bank's Gudmundsson Says Aug 26, 2009
The exchange rate of the krona is currently well below reasonable estimates of the medium-term equilibrium rate, said Gudmundsson, 55, who took over on Aug. 20. The significant trade surplus that weve seen in past months hasnt been enough to counter the effects of other outflows and the pressures from foreign holders of krona-denominated assets. (Bloomberg -- Europe)
Health care reform needed Aug 25, 2009
When equilibrium of cost and demand is reached, it is understood that there are some who cannot afford, or choose not to afford, the offered product or service, but profits are maximized for the entity offering the service. This principle works GREAT in consumer goods and services - it is understood in our free market economy that some people can afford MUCH more than others. (Logan Herald Journal, UT)
NPP Reforms-Reflecting, Rebuilding and Recapturing Power in 2012. Aug 23, 2009
Stephen Krasners model of punctuated equilibrium of institutional change deserves our attention ... Punctuated equilibrium can also occur when piecemeal changes results from specific political battles or ongoing strategic maneuvering within institutional constraints. (Ghana Web, Ghana)
US existing-home sales blaze record in July Aug 22, 2009
"The bottoming process in the housing market is underway, as home sales jump higher, but we believe it will be some time before the market returns to equilibrium," they said in a client note. The NAR said that 4. (Yahoo! Asia News)
A rough equilibrium threatened Aug 22, 2009
It is increasingly clear, however, that Democratic health reforms would disrupt this rough equilibrium. Take abortion. (Orangeburg Times and Democrat, SC)
US existing home sales jump 7.2% in July Aug 22, 2009
com - US existing home sales jump 7. US existing home sales jump 7. (Channelnewsasia.com)
LETTER: Less 'coverage,' more real insurance needed Aug 21, 2009
TODAY'S HEADLINES SPECIAL SECTION ONLINE POLL. Is the mid-August start of school too early. (Mattoon Journal-Gazette, IL)
Across Knox County: Beef cattle association to hold Sept. 2 meeting Aug 18, 2009
We may also be coming into equilibrium with the aphid even/odd year cycle, which may have been mostly a product of how new the aphid was. Those cycles rarely persist very long in any agricultural pest system. (Vincennes Sun Commercial, IN)
Looking for new wine in a new bottle Aug 15, 2009
The financial system has regained some measure of equilibrium after the sub-prime mortgage mess kicked it in the assets and triggered a global financial crisis. Still, much of that was due to the massive infusion of public dollars into the system rather than any real change in management style or economic conditions. (Daytona Beach News Journal -- Local)
Let's Have Consumer-Driven Healthcare Aug 15, 2009
I m just saying that this idea that s floating around among free market advocates that all you have to do is turn over the provision of health insurance to the market while getting government out of the way and then market competition and the profit motive will just automatically drive the industry to an equilibrium point where efficiencies are maximized and costs are minimized and the bulk of society s needs are being met the way it would if we were dealing with the provision of any other... (The American Conservative)
PAPER: Fresh alert on global stock markets... Aug 14, 2009
" When the finest minds in the business disagree so starkly, the rest of us can only shake our heads in confusion. http://www.telegraph.co.uk/finance/markets/6018076/RBS-uber-bear-issues-fresh-alert-on-global-stock-markets.html More on Comments: 57 Zak said: If Bob is so smart how come he didn't try and convince Sir Fred not to buy ABN, at the market peak and ultimately bring to its knees the whole of the UK financial markets. ----- I think you will find he did, and it was publicised. RS on... (The Drudge Report)
Leap in foreclosures helps spur 3.8% rise in home sales Aug 13, 2009
"We're seeing inventory come down and the market come back into equilibrium.". Median sale prices in 155 metro areas. (USA Today -- Money)
Letters to the Editor: On economics Aug 13, 2009
SIR When I was a student we studied business cycles, but the topic disappeared with the rise of mathematical equilibrium theorising. The idea that capitalism is an equilibrium system is common among Keynesian and neoclassical economists; they only differ as to whether the equilibrium is at full employment or under employment ... The grand synthesis being taught makes the equilibrium stochastic and dynamic, but that is all. (The Economist)
The bill will fall duefor crisis failures Aug 13, 2009
The Keynesian model rejects Say's law (crudely put, the principle that supply constitutes demand) and the Walras price mechanism (on market equilibrium) as a way out of the depression. It assumes unlimited supply of oil, food and everything else, and calls instead for outright deployment of fiscal policy to re-establish aggregate demand at its boom level. (Asia Times Online)
ATLs intown condo market improved Aug 11, 2009
"The thawing out has begun, prompted largely by aggressive price discounts," Haddow & Co. said, "but condominium demand must rebound more strongly for the market to regain equilibrium.". Reader Comments. (Atlanta Business Chronicle, GA)
* IMF more optimistic on S Korea Aug 11, 2009
that the won is undervalued relative to its medium-term equilibrium level, and expected this trend to be reversed as capital inflows regain momentum, the report said. The group added that the weak won redirected domestic demand from imports to domestic production, adding that the current global crisis has highlighted the urgency of rebalancing Koreas growth toward the nontradable sector. (Taipei Times, Taiwan -- Sports)
Clunkers for cash Aug 8, 2009
Continued capacity: Whether it is the useless industrial companies of France or the banks in the United Kingdom, disallowing the diminution of capacity that is an essential pre-condition to the return of sensible margins only helps to perpetuate the unstable equilibrium that existed in the first place. That in turn disallows the more important technological and structural reforms that are required in many of these economies. (Asia Times Online)
Affordable housing in Valley gets boost Aug 7, 2009
Residential home price forecast sis, historical accuracy, Equilibrium Home Price, market metrics ... Residential home price forecast sis, historical accuracy, Equilibrium Home Price, market metrics ... Economists often use the ratio between home price and rental rates to help determine whether a market is at equilibrium. (Fresno Bee)
Did John McCain blink on Cash for Clunkers? Aug 5, 2009
" Buiter, writing for the Financial Times, has long established himself as the most caustic voice in the econoblogosphere, but even by his own standards, his denunciation of Summers as the "arch-typical quick and dirty partial equilibrium man, full of clever isolated micro-insights, but incapable of grasping the whole. His macroeconomics stalled at the Keynesian cross" was brutal. I half expected to see Summers sending his second to present Buiter with a white glove. Choose your macroeconomic... (Salon)
Sterling the recovery currency Aug 4, 2009
Mr Maher says sterling is undervalued using both a fundamental economic equilibrium approach and purchasing power parity analysis. Furthermore, speculators still remain positioned for further sterling weakness against the dollar. (FT.com -- Markets)
