Economists: An Anthropological View

January 11th, 2015
in macroeconomics

Fixing the Economists Article of the Week

by Philip Pilkington

Life Among The Econ‘ is a satirical paper written by the economist Axel Leijonhufvud and published in 1973. In the paper Leijonhufvud refers directly the great work of cultural anthropology The Savage Mind by the French Structuralist anthropologist Claude Levi-Strauss. Before moving on to the paper it is probably best to understand something about Levi-Strauss’ work as I think that the content of the paper would otherwise be lost on many economics-oriented readers.

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The Economic Impact of Lower Oil Prices on Leading Exporting Countries

January 10th, 2015
in commodities, macroeconomics

by Elliott Morss, Morss Global Finance


We think of oil exporting countries as financially sound with significant international reserves. And this is certainly valid for most of the Middle East sheikhdoms. But there are other exporters where the oil price drop will have a major impact. Below, the economic impact of lower oil prices on the leading exporters is examined.

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Betting on India

January 10th, 2015
in aa syndication, weekly economic summary

Written by

I have spent the majority of my life outside the USA. My view of the world is very different than most all people both in and outside the USA. One thing I have learned - that the perceptions or conclusions of a non-native writing on a country are almost certainly wrong. 

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On the Verge of Disaster - Or a Miracle

January 9th, 2015
in aa syndication

by Worth Wray, Thoughts from the Frontline

Twenty years after the first divergence-induced currency crisis of the 1990s, commodity prices are tumbling, the US dollar is rallying, and externally fragile emerging markets are reliving the horrors of their not-so-distant past. Except, this time, major economies like the United States, the United Kingdom, the Eurozone, Japan, and the People’s Republic of China may not be able to side-step the ensuing contagion.

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Wholesale Sales and Inventory Data Was Absolutely Terrible in November 2014

January 9th, 2015
in aa syndication

Written by

The headlines say wholesale sales declined and inventories grew. This data series is very noisy, and continues on a roller coaster of good and bad data. Because of this noise, the best way to look at this series may be the unadjusted data three month rolling averages which decelerated for the fourth month in a row. The data for wholesale trade was terrible this month but it could have been caused by a changing seasonal demand.

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