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Sunday, October 21

21st Oct - Weekender: Views, Off-Topics, Finnish

Last post of the week, with my market views, followed by some interesting off-topic articles and some in Finnish.

Previously on MoreLiver’s:

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Earlier Views:

EURUSD Long-term view: trading range, moving toward the top. The first move up (2009) was pretty straightforward. The second move (2010-2011) was much more complex. In the past weeks the upmove has paused.

EURUSD medium-term: explained in the chart. A break below the 1.28-level would change the longer-term picture.

SPX bull trend channel since June is barely holding, and the market is currently in a similar trading range as in last July. I would like to point out that the other indices Nasdaq100 and Russell 2000 are not nearly as healthy-looking, and looking at the past market turning points, SPX is usually the last one to "get it". Thus, I would not be surprised at all to see a major correction (-10% or something), and it would be perfect punishment for people who have again trusted the "Fed Put". But currently, the market is still in a range, and before a convincing breakout, the bottom of the range must be bought. So long it is - but don't get scared of marginal new lows, like we saw a week ago.
EURUSD hourly: good buying opportunities ahead.

SPX hourly: the market is very near the range's bottom.


How The West Was Lost The Daily Capitalist
 “The West rose, suggests the Australian historian E.L. Jones in his book The European Miracle, because Europe, unlike the empires of the Ming, the Mughals or the Ottomans, was never a unified state. Power remained dispersed and diffused.

The billionaires next doorThe Great Debate / Reuters
This is an excerpt from Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else, published this week by Penguin Press.

The Red Queen Effect Farnam Street
Running faster just to stay in same place (finance, arms races, evolution)

The Longform Guide to the CIASlate
The article that became Ben Affleck’s Argo and more great spy stories.

Noam Chomsky, "The Most Dangerous Moment," 50 Years Latertomdispatch

(audio) The Cuban Missile Crisis: regional perspectives 50 years onLSE
October 2012 marks the 50th anniversary of the Cuban missile crisis. This panel will re-evaluate the impact of the crisis on relations both within the Americas and between the superpowers. Antoni Kapcia is professor in Latin American history, University of Nottingham. Hal Klepak is professor of history and warfare studies at the Royal Military College of Canada. Carlos Alzugaray Treto is professor at the Center for Hemispheric and United States Studies, University of Havana. From 1961-96 he was a foreign service officer, being posted at Cuban diplomatic and consular missions.

Welcome to the Future NauseousRibbon Farm
Why the future feels frozen in time, as framed by Marshall McLuhan (“We look at the present through a rear-view mirror. We march backwards into the future.”) and William Gibson (“The future is already here; it is just unevenly distributed.”)

All of a sudden, Somali pirates are losing the fight for the seaQZ

Google’s Data Centers: An Inside LookThe Big Picture, Google blog, Extreme Tech

You think your password is secure? Read thisThe Telegraph

Robots at War: Scholars Debate the Ethical IssuesThe Chronicle

FiveBooks Interviews: Jessica Pressman on Electronic LiteratureThe Browser
The literature and reading scholar tells us about the profound effect that the rise of electronic literature has had on authors, the publishing industry and the nature of the book.

Xbox MusicThe Big Picture
Streaming won. That’s right. While you were lauding the sonic quality of CDs, bitching about Spotify payments and repeating endlessly that no one wanted to rent music, technologists, not married to the past, enmeshed in a sphere of creative destruction, necessary in order to win, saw what the people wanted before they knew it and delivered it. The number one music service today is YouTube.

It’s not the crime, it’s the cover-up: reactivity in the developing brain and the emergence of schizophreniawiring the brain

The ultimate guide to memoryNew Scientist
We are all collections of memories. They dictate how we think, act and make decisions, and even define our identity.

(podcast) Hallucination: Through the Doors of PerceptionBBC
Hallucinations aren't what they used to be. Time was when reporting a divine vision would bring fame or fortune, and have a queue of people wanting to touch your robe, receive a blessing, or recommend you for sainthood. The Enlightenment changed all that…

What Is War Good for? Ask a Chimpanzee.Slate
What apes and monkeys can teach us about the roots of human aggression.

The Secrets of SleepNational Geographic
From birth, we spend a third of our lives asleep. After decades of research, we’re still not sure why.

A tool to quantify consciousness?nature
Assessing consciousness may seem like the ultimate exercise in subjectivity, but some researchers are moving closer to what they call an objective measure.

Who gets aggressive at the late-night bar and why?BPS

What can Whac-a-Mole teach you about the ability to focus?bakadesuyo

Genome Hunters Go After Martian DNAtechnology review
J. Craig Venter may have just started a race to discover alien life on the Red Planet.

The Neanderthal in My Family TreeSlate
New genetic evidence shows our ancestors interbred with now-extinct species.

Still good news: global temperatures remain stable, at least for nowFabius Maximus
Today we look at good news (rarely seen here), the stabilization of global temperatures. The long rise during the past two centuries, which produced many forecasts of imminent doom, has leveled off since the late 1990s — as shown by all the major temperature datasets.  It’s not something the mainstream wants us to know, as it spoils the narrative set by alarmists.  This pause might not last, but it is unexpected — and should spark some reflection on our handling of this — and other shockwave threats.

The sad history of climate policy, according to David BrooksWonkblog / WP

James Bond: Booze, bonks and bodiesThe Economist

No, It’s Not You – Modern Radio BlowsThe Reformed Broker

Business Cards Do High-Tech WorkWSJ

My 6,128 Favorite BooksWSJ
Joe Queenan on how a harmless juvenile pastime turned into a lifelong personality disorder.

The Beauty of the Airline Baggage TagSlate
That random sticky strip you rip off your suitcase when you get home? It’s actually a masterpiece of design and engineering.

The Most Mind-Blowing Space Spirals: PhotosDiscovery

Guys and Sex Dolls – Scenes from the Guangzhou SexpoDanwei

40 Things To Say Before You DieForbes

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Pankkiunioni ja valehtelijoiden klubiOlli Pusa / Pankkiunioni

Herranen aika, antakaa meille David Cameron!Henri Myllyniemi / US Puheenvuoro

Ykkösaamu Jakso 42/52YLE
Liikanen Ylelle: Talouskriisi ehkä vasta puolivälissäTE
Vieraana on Suomen Pankin pääjohtaja Erkki Liikanen.

Korkman: Suomen ero eurosta ei ole ratkaisuTE

Pääkirjoitus: Euroalue tekee irtiottoa EU:staHS

Lakien mukaanKalle Isokallio / IL Blogit

Tuplajytky voi järisyttää politiikkaaPentikäinen / HS
Kolumni: Perussuomalaisten voitto ja vihreiden häviö olisi arvoliberalismin tappio. Puheenjohtaja Timo Soinin tähtäimessä ovat jo vuoden 2015 eduskuntavaalit.

Vennamo ihmettelee perussuomalaisten EU-linjaaHS

Kolumni: Taistelu, jonka poliitikot voittavat ainaFinanssialan Keskusliitto

Miten Suomesta tuli asuntovelkaisen luvattu maa?TalSa
Suomessa asuntovelallisen korkolasku on selvästi eurooppalaisia veljiään huokeampi. Suomalaiset maksavat noin puolitoista prosenttiyksikköä matalampaa korkoa asuntolainastaan kuin eurokansalainen keskimäärin. Kuinka tilanteeseen on päädytty?

Eurokriisi uhkaa kääntää kehitystä taaksepäin - Väkivallan riski kasvaaTarja Cronberg / SK Blogit

Holhouksen alaiset -Seitsemän näkymää ylisääntelyn SuomeenEVA

Seminaari euroalueen finanssipolitiikasta (16.9.) ETLA
(osa presentaatioista ladattavissa)

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