I’ve just been reading this Forbes article called “The Rise of Developeronomics”. The author argues that because increasingly software is the core value proposition that differentiates companies from each other, that software developers are more and more becoming the wealth creators in society. The author recommends investing in software developers as a way of leveraging [...]
Equity markets constantly surprise me. It’s looking increasingly likely that the Eurozone will disintegrate – leading to potential bank failures, stagnant economic growth and increased unemployment – and the equity markets here in Europe are pretty much shrugging it off today. The FTSE100 is up over half-a-percent at pixel time.
The Luddites were a 19th century anti-industrialisation movement (and militia), who believed that their jobs were at risk because of the industrialisation of manufacturing. They proceeded to try and destroy mechanical looms in a vain attempt to turn back the rising tide of industrialisation. These days anyone seen as a “Luddite” is perceived to be [...]
I just finished reading the Kindle book Race Against The Machine, a book I thoroughly recommend. This was the driver of the NPR article I blogged about recently. The book is mostly oriented towards the US, although the issues they discuss seem to be prevalent across all major economies. The authors make the case that [...]
The New York Times has a great interactive graphic on How the Giants of Finance Shrunk, then Grew, Under the Financial Crisis. It’s really interesting seeing how, if the Market Capitalization of each firm is represented as an area, the each firm shrinks massively during the financial crisis, and now how the firms are rebounding.
Here is a video showing how badly Detroit has been affected by the collapsing housing market. Towards the end of the video you can see some amazing mansions in the worst-hit areas of Detroit that you can supposedly buy at a massive discount.
Hmmm…. first I read this transcript from a speech by Dmitry Orlov entitled “Social Collapse – Best Practices”, and then I saw on Boing Boing the post How are you coping with Collapse-Anxiety? The first post describes what might happen if the US collapses in the same way economically as the USSR did in the [...]
A while ago, I created a Mathematica plot comparing the Great Depression, the Tech Crash and the Oil Crisis with the current financial crisis. This analysis was inspired by a chart I saw last year comparing these recessions with our current situation. Anyway, I thought it was worth bringing the chart up-to-date. [Edit] The original [...]
I just popped down to the Lehman building here at Canary Wharf to see what was going on. There were a few people standing outside, and news crews filming – but overall it seemed pretty quiet.
Some interesting papers have come out on the “Credit Crunch”. Leveraged Losses: Lessons from the Mortgage Market MeltdownThis paper provides a good overview of the financial market turmoil occurring since August 2007, and discusses how the crisis might impact other areas of the economy. A Black Swan in the Money Market This paper examines the [...]