Written by John Lounsbury
Thomas Piketty's Capital in the Twenty-First Century has rightly focused attention on economic inequality, but his explanation of why it occurs is not compelling. I explain the simple 'network' effect behind inequality in phenomena from earthquakes to income and then outline work by myself, Matheus Grasselli and Gael Giraud that argues that rising inequality is a sign of impending economic breakdown. This is the 11th lecture in this series on orientation to economics. Previous lectures are listed after this video, below.
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.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
BECOME A GEI MEMBER - IT's FREE!
Every day most of this column ("What We Read Today") is available only to GEI members.
To become a GEI Member simply subscribe to our FREE daily newsletter.
by Philip Pilkington
Recently I thought it might be interesting to give the other side in the modelling debate a chance. Frankly, I have not found the debates online to be particularly stimulating or interesting, so I thought I'd go to what is supposed to be a prime source.
Read more >>
Infographic Of The Day: Detox Smoothie Recipes To Cleanse Your Body Naturally
Detoxing has become a very popular trend lately, and for good reason.
This widget provided by DailyForex.com Forex News & Brokers
by Ellen Brown, Web of Debt
Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead.
Written by Investing.com Staff, Investing.com
Investing.com Technical Analysis (as of Thu, 05 May 2016 05:00pm EST)
Below, technical overviews and analysis for key stock indices, commodities and currency pairs, based on market activity at the close of the 05 May 2016 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.
05May2016 Market Close: Wall Street Closes Flat, Crude Prices Slip, US Dollar Showing Strength, Disa
05May2016 Pre-Market Commentary: Crude Prices Rise, Stock Futures Higher, Weekly Jobless Claims High
30 April 2016 Initial Unemployment Claims Rolling Average Worsened. 61 Consecutive Weeks Of Initial Claims Below 300,000
Weekly Initial Unemployment Claims
The market expectations for weekly initial unemployment claims (from Bloomberg) were 256,000 to 271,000 (consensus 262,000), and the Department of Labor reported 274,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 256,000 (reported last week as 256,000) to 258,000. The rolling averages generally have been equal to or under 300,000 since August 2014.