United States Federal Reserve Chairman Ben Bernanke recently pledged to ”hold its benchmark interest rate near zero for at least through mid 2013″.
The statement was made to try and calm global markets as to Fed intentions, thus stabilizing investment markets.
Will this pledge work? (more…)
Economic freedom is an important ingredient in an individual’s business success and quality of life.
The Charles Koch Foundation offers a short, interesting video comparing economic freedom and quality of life in different countries. (more…)
Countries continue to finance their activities through deficit spending, resulting in substantial accumulated debt.
This devalues the worth of a country.
As with individuals, high debt results in poor credit ratings as the risk of default increases. This can have a significantly negative effect on a country and its residents. (more…)
A very good article in The Wall Street Journal, How to Profit From Inflation.
It provides advice on how to survive the looming inflation. For that alone, it is worth a read.
But the article also reinforces some of the topics we have discussed in this blog. (more…)
I am not always a fan of The Economist.
But they recently published an interesting article on Breaking Up the Euro Area.
It is well worth the read. (more…)
The BBC has produced an extremely interesting video on the evolution of global prosperity over the last 200 years.
Prosperity being measured by both increases in life expectancy and personal wealth.
As a capitalist, I see it as a testament as to how technological progress can greatly improve one’s quality of life.
But I expect the more socialist readers will also find tidbits to support their worldview. (more…)
An interesting point from The Conglomerate on the potential for increased activity in mergers and acquisitions (M&A).
It might give some hope to law, finance, and accounting students reading this post.
A few very brief comments from my side: (more…)
Apologies to anyone expecting a post about my favourite beverage, the Caipirinha.
Yes, that would be a good post. But it would require limes, not lemons.
Rather, this follows on from How to Become a Billionaire. In that post, I mentioned how “squeezing the lemon” could reduce costs, thereby improving profitability.
Now I want to provide a simple example of the relationship between cost, revenue, and profitability. (more…)
The New York Times has a depressing tale for students considering a legal career in the United States.
While prospects seem bleak now, just a couple of years ago the profession had great potential. Why the shift? (more…)
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