by Roger Backhouse and Mauro Boianovsky
Appeared Originally on VoxEU,org 19 May 2015
The notion of secular stagnation - a state of negligible or zero economic growth - is back in the headlines. Questions naturally arise about its intellectual antecedents. This article discusses how the concept rose and fell with the economic fortunes of advanced industrialised nations. Political trends and trends in economic theory played a part in its trajectory, with the notion closely connected to the idea that the level of government debt should be allowed to rise.
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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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Econintersect: Why is the negotiation of the Trans Pacific Partnership (TPP) trade agreement important? According to Prof Joseph Stiglitz, a Nobel Prize winning economist from Columbia University, it is not just how corporations can make more money, but can also have effects right down to life and death situations for individuals. He discusses many of the types of factors that will be important in the TPP negotiations.
Video is shown after the Read more >> jump.
Infographic Of The Day: Can Smartwatches Become The Future Of Wearable Technology?
Following the release of the Apple Watch, 2015 looks more than ever to be the year that smartwatches reach a mainstream audience. Watches traditionally have been worn for fashion as well as practicality and the latest generation from tech manufacturers are looking to try to bridge that gap for the first time.
FOREX NEWS by DailyForex
Investors, speculating that interest rates in the United States are likely to rise higher this year, helped to push the U.S. Dollar to a multi-year peak versus the Japanese Yen.
The totally anonymous “numbered Swiss bank account” much beloved by authors of crime fiction as the ultimate repository for hiding one’s ill-gotten gains may itself, have its days numbered.
Australia released its business capital expenditure (CAPEX) report Thursday and it wasn’t promising.
The US Dollar eased back versus the Japanese Yen and the Euro after a short bout of investor profit taking which came in the wake of improved US data. That economic data had gone a long way to help restore some waning confidence in the greenback.
It is fairly certain that Shakespeare’s Romeo was not thinking of Britain’s wished for changes in her relationship with the European Union, but the fact remains that the UK is saying very little about what it wants to change before a planned “in/out” referendum to be held before the end of 2017.
by Andre Spicer, The Conversation
'If you ain't cheating, you ain't trying' were the words of one trader working in the foreign exchange market. They belie an attitude that was widespread among traders in this market between 2009 and 2013. Cheating was simply a normal part of a trader's day job. In fact, not cheating would be to shirk your duties.
Investing.com Technical Analysis (as of Thu, 28 May 2015 05:00pm EST)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and currency pairs, based on market activity at the close of the 28 May 2015 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
28May2015 Market Close: Markets Close Down, But Higher Than Morning Lows, A Greek Default Worries In
Total Fed Balance Sheet:
Fed's Balance Sheet week ending balance sheet was $4,425 trillion..