Last post of the week, with my market views, followed by some interesting off-topic articles and some in Finnish.
Previously on
MoreLiver’s:
VIEWS
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. |
OFF-TOPIC
SOCIETY
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 door – The
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 article
that became Ben Affleck’s Argo and more great spy stories.
Noam Chomsky,
"The Most Dangerous Moment," 50 Years Later – tomdispatch
(audio) The Cuban Missile Crisis: regional
perspectives 50 years on – LSE
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
Nauseous – Ribbon
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 sea – QZ
TECH
Google’s Data
Centers: An Inside Look – The
Big Picture, Google
blog, Extreme
Tech
You think your
password is secure? Read this – The
Telegraph
Robots at War: Scholars Debate the Ethical
Issues – The
Chronicle
FiveBooks Interviews:
Jessica Pressman on Electronic Literature – The
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 Music – The 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.
HUMAN
It’s not the crime, it’s the cover-up:
reactivity in the developing brain and the emergence of schizophrenia – wiring
the brain
The ultimate guide to
memory – New 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
Perception – BBC
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 Sleep – National
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
SCIENCE
J. Craig
Venter may have just started a race to discover alien life on the Red Planet.
The Neanderthal in My Family Tree – Slate
New genetic
evidence shows our ancestors interbred with now-extinct species.
Still good news: global temperatures remain
stable, at least for now – Fabius
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 Brooks – Wonkblog
/ WP
OTHER
James Bond: Booze, bonks and bodies – The
Economist
No, It’s Not You – Modern Radio Blows – The
Reformed Broker
Business Cards Do
High-Tech Work – WSJ
My 6,128 Favorite
Books – WSJ
Joe Queenan on how a harmless juvenile pastime turned
into a lifelong personality disorder.
The Beauty of the
Airline Baggage Tag – Slate
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: Photos – Discovery
40 Things To Say Before You Die – Forbes
IN FINNISH
Pankkiunioni ja valehtelijoiden klubi – Olli
Pusa / Pankkiunioni
Herranen aika, antakaa meille David Cameron! – Henri
Myllyniemi / US Puheenvuoro
Ykkösaamu Jakso 42/52
– YLE
Liikanen Ylelle: Talouskriisi ehkä vasta
puolivälissä – TE
Vieraana on Suomen Pankin pääjohtaja Erkki Liikanen.
Korkman: Suomen ero eurosta ei ole ratkaisu – TE
Pääkirjoitus: Euroalue tekee irtiottoa EU:sta – HS
Lakien mukaan – Kalle
Isokallio / IL Blogit
Tuplajytky voi järisyttää politiikkaa – Pentikäinen
/ HS
Kolumni: Perussuomalaisten
voitto ja vihreiden häviö olisi arvoliberalismin tappio. Puheenjohtaja Timo
Soinin tähtäimessä ovat jo vuoden 2015 eduskuntavaalit.
Vennamo ihmettelee
perussuomalaisten EU-linjaa – HS
Kolumni: Taistelu, jonka poliitikot voittavat
aina – Finanssialan
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 kasvaa – Tarja
Cronberg / SK Blogit
Holhouksen alaiset -Seitsemän näkymää
ylisääntelyn Suomeen – EVA
Seminaari euroalueen finanssipolitiikasta (16.9.)
– ETLA
(osa
presentaatioista ladattavissa)