On Professor Ian Ayrers website you find a comprehensive collection of assorted prediction tools – wondering about: the probability of divorce, how long you’ll live or the value of Bordeaux wine of certain types? Go to Ian Ayres site here. HT: Tyler Cowen @Marginal Revolution.
This study: The Art of Choosing - by Sheena S. Iyengar can explain differentiated behaviour and political ideologies; why Americans prefer desentralized decisions and more market allocation, rather than centralized government regulations. In contrast – If you look to ancient philosophy in China family relations and respect for elders (authorities) is a sacred virtue. Political discussions are not common in the public sphere – the elected politicians are just wiser than others. End of discussion (sign. The Communist Party). Freakonomics wrote this on the Iyengar’s report:
“What kid doesn’t hate it when Mom makes them put on a sweater? Apparently, Anglo-American children hate it so much that they perform worse on any task they believe was chosen for them by their mothers. That’s according to research by Sheena S. Iyengar, a professor at the Columbia Business School and author of The Art of Choosing. As explained in a recent TED talk, Iyengar found that a culture’s views on choice affect task performance, decision-making, and happiness. While Asian-American children perform best in mom-chosen tasks, Anglo-American children perform best when they choose their own tasks.”
“While price action reacts well to fundamental factors over longer-term time frames, technical analysis appears to have the upper hand on shorter time scales. During smaller time frames, information from news flow has only a fleeting impact and therefore, prices tend to respect established support and resistance levels on the charts.
In this hourly chart of the EUR/USD (below), see how the price reacts to the swing highs and swing lows, as well as shorter-term support and resistance levels, which allows the trader to profit from selling resistance and buying support.”
New to trading? Read the rest of this brief essay by Kathy Lien here: Fundamental or Technical Analysis: Which should I use?
If you want to know more about technical analysis – getting an account and analysing charts independently while reading is probably the best way of learning. Investopedia has this useful tutorial:
Thanks to Chinas hunger for commodities like oil, iron ore and coal and trustworthy anglo-saxon legislation: Australia outperformed most markets.
“During the so-called “lost decade” of the 2000s, when U.S. stocks lost ground, Australian equities earned real returns of 5.5% a year, third behind South Africa and Norway among the 19 major markets tracked.”
Australia posted 7.5% after-inflation returns per year during that time, with a standard deviation of 18.2%, according to a study from Credit Suisse. Those returns are the highest and the volatility the second lowest of the 19 major markets the researchers studied.”
To be continued? If you support the analysts that expect a sluggish growth in China you should probably be careful when considering investing in these commodity-driven markets. Read the full story on MarketWatch: The world’s best stock market.
Barron’s: Fed’s Baby Step Kicks Off Market Rout.
BBC: Best airports of the world.
Bloomberg: Bailout Receivers Need Miss Manners: David Pauly.
BusinessWeek: Oil to Hold $75 as Rising Pattern Unbroken: Technical Analysis.
Forbes: The Companies Hiering The Most Right Now.
Reuters: Special Report: Shorting Wall Street on the campaign trail.
The Financial Times: Can Kansas save the American economy?
The Guardian: Labour took taxpayers for a ride.
The Wall Street Journal: Science Stimulus Funds Called Wasteful.
An Asset To Job Creation: Bank Of America is the largest bank in the U.S by market value and is currenty the company with largest amout of listings in the job market according to Forbes.com.
“For hormone-addled teenagers, finding a date can often seem to be a matter of life and death. As it turns out, that may not be so far from the truth. In a paper in the August issue of Demography, a team of researchers led by Nicholas Christakis of Harvard University reports that men who reach sexual maturity in an environment with few available women are at risk of dying sooner than their luckier confrères. The team points out that this finding may have important implications for public health in countries such as India and China, where sex ratios are skewed against women.”
Read the rest of the post on The Economist website: A Healthy Relationship.
Simly love the Freakonomics concept and now the movie is out soon! Click here or on the image to view the trailer.
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