Google Analytics

Saturday, March 16

16th Mar - Weekender: Economics & Markets

Last week’s Econ & Markets here.

Previously on MoreLiver’s:
Weekender: The World (Cyprus, IMF’s EU-assessment)
Weekender: Weekly Support (last week, next week)
Weekender: Best of the Week (from the ending week)

Follow ‘MoreLiver’ on Twitter or Facebook

The IMF on the Austerity TrapKrugman / NYT

The Unlikely Friends of Austeritymainly macro

Believing in "miracles"? Self-defeating austerity and self-financing stimulusNot the Treasury View

What is Modern Monetary Theory, or “MMT”?naked capitalism

Does the U.S. risk a fiscal tipping point?Econbrowser

Theories of financial
Broadly speaking, there are three types of economic crisis: banking crises and panics, credit frictions and market freezes, and currency crises. This column argues that features from these types of crises have been at work and interacted with each other to shape the events of the last few years

Crude SachsismEconomist’s View

The Importance of Printing Your Own CurrencyTim Duy’s Fed Watch

Weekend Lecture: Keynes and the Crisis of CapitalismGlobal Macro Monitor

Dylan Grice Explains How "Crackpot" Central Bankers Are Destroying SocietyZH

Networks in financeThe Physics of Finance

Visualizing Bob Farrell's 10 Investing RulesStreet Talk Live

7 dirty words of tradingtrader habits

Nasdaq 100 Rebalancing – When The Losers Become WinnersIvanhoff

Chart Of The Day: Corporate ProfitsThe Short Side of The Long

Investing/Trading Rules, Aphorisms & Books (Spring 2013)The Big Picture

Inflation Coming? Buy Bonds Says SocGen's Albert EdwardsZH

The almighty dollarFree exchange / The Economist
The dollar has been looking relatively strong of late:

Howard Marks: "It Isn't Just A Windfall, It's A Warning Sign"ZH

Jaw-Dropping Crimes of the Big BanksThe Big Picture

Conditional Risk Premia in Currency Markets and Other Asset ClassesSSRN
Is downside risk the critical driver of investor asset valuation? In the January 2013 version of their paper entitled “Conditional Risk Premia in Currency Markets and Other Asset Classes”, Martin Lettau, Matteo Maggiori and Michael Weber explore the ability of a simple downside risk capital asset pricing model (DR-CAPM) to explain and predict asset returns.

What We're Reading ~ Hedge Fund Links 3/15/13market folly

Weekend Reading for Financial AdvisersCFA Institute
Behavioral Finance, Twitter, and Memory

The Forces Reshaping Europe and the World and Opportunities for InvestorsCFA Institute
The veteran investor Felix W. Zulauf, president of Zulauf Asset Management AG, discusses the future of the eurozone and China’s effects on the world economy.

2013 Country Stock Market Returns: Local Currency vs. Dollar AdjustedBespoke

President Nixon: The Man Who Sold the World Fiat MoneyCFA Institute

Commodity prices in the (very) long runFree exchange / The Economist

Where banks really make money on IPOsFelix Salmon / Reuters

Chasing the next hot marketSober Look

What London's bankers really think about the bonus capThe Guardian

A Different Version of the "Dumb" Swiss Banker StoryBruce Krasting / ZH

Who's Got All The Cash (For Now)?ZH

The Truth About Market TimingThe Big Picture

Curriculum VitaeThe Epicurean Dealmaker

Financial Innovation: Helpful or Harmful to Markets?CFA Institute

Business Cycles and MarketsCalculated Risk
But why are investors so focused on the business cycle? Obviously earnings decline in a recession, and stock prices fall too. The following graph shows the year-over-year (YoY) change in the S&P 500 (using average monthly prices) since 1970. Notice that the market usually declines YoY in a recession.