Big Banks Accused of Manipulating Key Interest Rates

Is Scott Brown overtaking Elizabeth Warren?

FB:Purity that allows you to have your Facebook page your way has had their pages blocked with no reason why? http://see.sc/Dvc8n4

My Personal Overview Of The Economic Outlook

My Personal Overview Of The Economic Outlook:

My Personal Overview Of The Economic Outlook - Part One

As more of the global down turn in peoples expectations take their toll on the economic forecasts that are being prof ligated on a daily basis, peoples hope is turning to doubt. The reasons seem simple on the surface but dig deeper and a more ingrained purpose is high lighted.

Firstly we are told that by recapitalization of our banks we can provide an even keel for our global economies but when have you heard anyone let alone a banker say l will provide money to bailout another person, company or country and not want anything back in return. Is that " NEVER " l hear you say well greed will not enable any bank to help to bail out another too many hidden agendas too much l am alright Jack and dam the rest, not on the surface of course but deeply ingrained within our way of living our everyday lives.

We hear the saying " A Leopard Cannot Change Their Spots " well it was and is the ideal saying for all the bankers whether big or small and this leopard is not willing to change even to save itself and its spots one day will engulf the whole world.

My words of comfort are few - listen not to the bankers or too the governments rhetoric as they tell us they care about our futures, as they do not know how to care about themselves, witness the UK fuel crisis of rising bills over profits for themselves and their cronies.

The only person who cares is the one who says here take this l do not need it and when asked if they want payment say l have enough and you had less than me. You will find these people are very few and they are well hidden as they want no reward.

Ian Draper [Editor]

All the posts are provided by me and any comments l provide are my own view of the markets and are not the views of the article writer and or news provider.

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Christmas 2011 – Merry Christmas, Christmas Wishes – Times of India

Christmas 2011 – Merry Christmas, Christmas Wishes – Times of India:

'via Blog this'

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Ramey on Stimulus and Multipliers

Ramey on Stimulus and Multipliers:

Valerie Ramey of the University of California, San Diego talks with EconTalk host Russ Roberts about the effect of government spending on output and employment. Ramey's own work exploits the exogenous nature of wartime spending. She finds a multiplier between .8 and 1.2. (A multiplier of 1 means that GDP goes up by the amount of spending--there is neither stimulus nor crowding out.) She also discusses a survey looking at a wide range of estimates by others and finds that the estimates range from .5 to 2.0.

Along the way, she discusses the effects of taxes as well. The conversation concludes with a discussion of the imprecision of multiplier estimates and the contributions of recent Nobel Laureates Thomas Sargent and Christopher Sims.

This is our opinion and feelings about the the posts added to this blog by ourselves and writers who have asked to write on our blog network and does not necessarily represent our agreement or disagreement with the writers concerned.Please tweet @AceFinanceNews to your tweets and follow us on twitter at http://twitter.com/AceFinanceNews and thank you. Ian

Too Much Information

Too Much Information:

Norbert Wiener

There was a time when the phrase "too much information" referred to a friend's unusual propensity to reveal a superabundance of intimate detail regarding recent amorous encounters. However, at the beginning of the second decade of the third millennium the cliché has been restored to its primary meaning. But the mere act of expressing the fact that there is too much information now puts us all in something of a fix. In order to make the point that there is too much information we only add to the information. It is surely time to return the words 'knowledge' and 'wisdom' to a central place in our culture. And time is what both of those words require.

The father of modern cybernetics, Norbert Wiener, whose work on the study of feedback helped popularise the idea of the information loop, and hence that most fashionable of notions of being 'in the loop', believed, in the way that only a scientist truly can, in the improvement of the species. This story, as told in James Harkin's compelling book Cyburbia, needs to be read. We would adjust and adapt in response to a continuing stream of information Wiener suggested, improve our direction, evade capture or destruction, move ever onwards with an improved sense of momentum and purpose.

However, in our age of global information witness, when we are all looking at, commenting upon and sharing the same information, the space for the radical, the surprise that refashions a conception of where we are going, unsettles our conviction as to why we are going there and challenges our assumptions as to what we will find if ever we are to arrive at our destination, is shrinking. Perhaps it is now only to be found offline.

According to the OED 'cybernetics' comes from the Greek word kubernetes meaning 'steersman,' 'helmsman' or 'pilot'. The internet, in its current form, encourages us to pilot ourselves in the same direction, towards one another, in a carnival of communality. In the glorious rush of digital feedback, the automatic input and output, who is keeping a look out to check that we are not steering ourselves into an abyss? '

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