Steve Keen: Crash Course in Non-Equilibrium Economics Lecture 5A
Econintersect: Lecture 5 completes Prof. Keen's lecture series on non-equilibrium economics with continuation of the discussion of the application of Financial Instability Hypothesis by Hyman Minsky to the work of Richard Goodwin from fixed cycles to a functionally dynamic model. The preceding lecture (4B) showed how the dynamic Minsky model (based on the connection of Minsky and Goodwin) shows periods of notable stability which is the followed by chaos (collapse). Thus we have a model which can produce financial crisis preceded by a 'Great Moderation'. In this lecture the model is expanded to include endogenous money, that is money which is created through economic interactions within an economy rather than autonomously (exogenously) by an external authority (such as a central bank).
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Econintersect: We have collected a variety of headlines for you to scan today, following the Read more >> jump.
Infographic Of The Day: Dust Cloud Around The Moon
Researchers studying data from the LADEE (Lunar Atmosphere and Dust Environment Explorer) spacecraft have discovered that the airless moon is surrounded by a thin, asymmetrical dust cloud caused by the high-speed impacts of dust particles from comets.
FOREX NEWS by DailyForex
This should be a more dramatic week for the Forex markets, due mainly to the Greek referendum on the proposed bailout deal that is taking place today. As the result becomes known it could rock the Euro and spill over into turbulence in other financial markets.
Today’s referendum in Greece could have repercussions across the globe. Or it might prove to be a tempest in a tea pot.
Appropriately enough, the etymology of the word “Chaos” stems from the Greek word “khaos” – meaning a vast void or chasm, originally.
Good news may be in store at the pump before the July 4th weekend as oil prices dropped on Friday amid reports that an oversupply of the crude remains on U.S. oil rigs.
A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.
by Alan Harvey, Institute for Dynamic Economic Analysis
The debate over Greece has an eerie resemblance to the debate over climate change. One side prefers apocalypse to changing its opinion, even in the face of evidence. In fact, as the evidence mounts, the denialists become only the more rigid.
by Asif Suria
Insider buying almost tripled last week with insiders buying $140.28 million of stock compared to $57.81 million in the week prior. Selling on the other hand declined with insiders selling $355.34 million of stock last week compared to $870.92 million in the week prior.
A majority of the insider purchases this week were related to David Einhorn participating into a secondary offering by home builder Green Brick Partners (GRBK) to the tune of nearly $85 million. Mr. Einhorn, Greenlight Capital and various other related entities now hold 24.13 million shares of Green Brick Partners. Insider selling was muted, as expected, on account of the start of earnings season.
02Jul2015 Market Close: Markets Close In The Red, Bond Prices Up, WTI Oil Down, Have A Happy Weekend
Total Fed Balance Sheet:
Fed's Balance Sheet week ending balance sheet was $4,440 trillion..