by Peter Coyne, Daily Reckoning
'I'd like to buy gold' says one reader, 'and my friend told me to 'dollar-cost average.' What does that mean?'
Here's our short answer...
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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Fixing the Economists Article of the Week
by Philip Pilkington
Lars Syll ran a rather amusing quote from a handbook on mathematical statistics in which the author - a mathematical statistician - lays out all the cop-out arguments used by those who apply these methods in a dubious manner in the social sciences.
Read more >>
Infographic Of The Day: Benefits Of Outsourcing For Your Business
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by Ron Paul, Daily Reckoning
Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose 'solutions' to our economic woes. Not surprisingly, most of those commenting not only failed to give the right answers, they failed to ask the right questions.
Michael Hudson's New Book: Wall Street Parasites Have Devoured Their Hosts - Your Retirement Plan an
Zhi: A Critique of Modern Money Theory and the Disequilibrium Dynamics of Banking and Government Fin
Investing.com Technical Analysis (as of Thu, 03 September 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 03 September 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.
03Sep2015 Market Close: Averages Slide Ahead Of The August Employment Report That Could Put Skids On
03Sep2015 Market Update: U.S. Averages Slipping, Oil Falling Again, U.S. Dollar Showing Strength, Ma
03Sep2015 Pre-Market Commentary: Futures Up Fractionally, Oil Showing Weakness, Jobless Claims Up, U
Written by Steven Hansen
The ISM non-manufacturing (aka ISM Services) index continues its growth cycle, but declined from 60.3 to 59.0 (above 50 signals expansion). Important internals likewise declined but remain in expansion. Market PMI Services Index was released this morning, also is in expansion, but improved.