The black box economy – The Boston Globe It would be ideal if the financial markets became a bit less opaque and intelligible before that happens. That would be the job of regulators, but Das isn’t sure that regulators have the intellectual horsepower to figure out what they need to do. “If you’re bright and [...]

A change in general sentiment about debt marks the start of deflation

The influence of perception:As important as what goes on, is what people think that is going on… Using Google Trends to Predict a Recession Mish’s Global Economic Trend Analysis: Changing Social Attitudes About Debt Here is a sampling of the headlines. * U.S. consumers pull back on spending, worry more about debt as economy weakens [...]

The coming money panic

Dangerously Close to a Money Panic The money panic brewing today is driven largely by this third kind of asset — derivatives of questionable value that were artificially created by Wall Street brokers, officially sanctioned by Washington regulators, and falsely rated by Wall Street rating agencies.

An hour with Warren Buffett, Melinda and Bill Gates

“This is great video. It reminds that Capitalism is just a tool which could be use for good as well. It is us humans who make the decision.” From a youTube comment

Conversation with a hedge fund trader…and how computers run the economy

Plus some interesting insights on black box trading… n+1 n+1: And so the computers themselves are making these trades? HFM: You build the models and the computer does the trading. You actually do all the analysis. But it’s too many stocks for a human brain to handle, so it’s really just guys with a lot [...]

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Invading personal space to boost persuasion

Recently I saw a joking comment on this photo, regarding the ex-president way to convince people through their physical overpowering, without touching them. I sense that the original poster concentrated on the funny side of it, failing to see that this is real and can actually be systematically used in situations where persuasion is needed. [...]

Stop doing it yourself

The truism of the web: people talking about you is far more effective than talking about yourself.Seth Godin

The economics of marriage

Excerpts from Tim Harford’s new book, The Logic of Life. – By Tim Harford – Slate Magazine Charles and Luoh show that young black women facing a shortage of men try to increase their attractiveness as marriage prospects. The more men are in prison, the more likely women are to get themselves a job, and [...]

The new worker

May you be fortunate enough to work in something you love. Seth’s Blog: Workaholics The passionate worker doesn’t show up because she’s afraid of getting in trouble, she shows up because it’s a hobby that pays.