Seth Godin, marketing guru and author, talks about the end of the industrial age, the «forever recession», and how you can join the race to the top, instead of settling for the bottom.
Tag Archives: Industrial Revolution
Secular Market Swings
25 JanIn the analysis below, Ron Griess of The Chart Store looks at all the longer secular markets; back to 1927 (love these charts!). The graph includes the cyclical markets found within those broader cycles. The Big Picture has more here.
For those interested in the long-term economic cycles; follow the annual meeting of the World Economic Forum in Davos, where authorities will discuss the scope and depth of this claim:
«For only the third time since the Industrial Revolution, the world may be entering a long-term growth cycle that will lift all economies simultaneously, driving bond yields and commodity prices higher.»
Story from Blomberg here.
click for a closer view
Individualist Countries Enjoyed Higher Long-Run Growth Than Collectivist Nations
21 Sep
The Protestant Ethic and the Spirit of Capitalism - Cover via Amazon
“Individualist culture attaches social status rewards to personal achievements and thus provides not only monetary incentives for innovation but also social status rewards.
The idea that culture is a central ingredient of economic development goes back to at least Max Weber who, in his classical work “The Protestant Ethic and the Spirit of Capitalism” (Weber 1905), argued that the protestant ethic of Calvinism was a very powerful force behind the development of capitalism in its early phases.
VoxEU.org provides new research in their latest article
“Does culture affect long-run growth?“ – and expose that
“both a theoretical model and empirical evidence showing that countries with a more individualist culture have more innovation, a higher level of total factor productivity and higher long-run growth than countries with a more collectivist culture.”
Figure 1. Individualism vs GDP per worker
Figure 2. Individualism vs patents per million
WSJ Markets
- Fed's Varied Voices Leave Market GuessingBernanke said the Fed could start reducing bond buying "in the next few meetings" but warned against premature action, amid conflicting messages that roiled markets.
- Gap Is Starting to Look OverdressedAhead of the Tape: Profits never go out of fashion. Sadly, the same can't be said for the wares on display at Gap and its competitors.
- Ghana Looks to Join Bond BandwagonGhana hopes to become the latest African country to ride the wave of cheap borrowing with the sale of a new bond aimed at international markets for only the second time in its history.
- Copper Rises on Supply ConcernsCopper prices settled near six-week highs but pulled back from earlier peaks, as worries about the future of the Fed's monetary stimulus tempered suggestions of tighter supplies.
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