Archivio per 10 marzo 2015

10
Mar
15

New Orders Look Recessionary

See on Scoop.itGold and What Moves it.

New Orders are in recessionary territory.

The financial news is astonishingly rosy: record trade surpluses in China, positive surprises in Europe, the best run of new jobs added to the U.S. economy since the go-go 1990s, and the gift that keeps on giving to consumers everywhere, low oil prices.

So if everything is so fantastic, why are new orders cratering? New orders are a snapshot of future demand, as opposed to current retail sales or orders that have been delivered.

Like most other economic data, the series is noisy, meaning there are plenty of spikes up and down. To cut through the clutter, we look for trends and patterns, i.e. what did the series do prior to past recessions?

Hal’s insight:

Click through for the full article.

See on charleshughsmith.blogspot.com

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10
Mar
15

Putin signs law on ratification of $100 billion BRICS New Development Bank deal

See on Scoop.itGold and What Moves it.

Russian President Vladimir Putin has signed a law ratifying the deal establishing the BRICS New Development Bank (NDB), according to a document published on Monday on Russia’s official website for legal information.

The BRICS New Development Bank (NDB) was set up to challenge two major Western-led giants – the World Bank and the International Monetary Fund. NDB’s key role will be to serve as a pool of currency for infrastructure projects within a group of five countries with major emerging national economies – Russia, Brazil, India, China and South Africa.

See on rt.com

10
Mar
15

oftwominds-Charles Hugh Smith: Why Is Per Capita Energy Consumption at Recession Levels After Six Years of Recovery?

See on Scoop.itGold and What Moves it.

Per capita energy consumption remains at recession levels.

One way to verify rosy official data–GDP growth, low unemployment, etc.–is to compare it with data that is less easily gamed: for example, energy consumption.Those seeking a realistic snapshot of the Chinese economy routinely turn to energy consumption and rail traffic data for this reason: at least until recently, these data sets were more reflective of real economic activity than the glowing official numbers.

So let’s try the same analysis on the U.S. economy. Courtesy of Market Daily Briefing, here are four charts of per capita (per person) energy consumption.By using per capita data, we eliminate population growth as a variable.
If total energy consumption remains steady as population rises, the per capita energy consumption will drop.

Hal’s insight:

Click through for the full post.

See on charleshughsmith.blogspot.com

10
Mar
15

The rise and fall of cognitive skills

See on Scoop.itBounded Rationality and Beyond

Neuroscientists find that different parts of the brain work best at different ages.

Scientists have long known that our ability to think quickly and recall information, also known as fluid intelligence, peaks around age 20 and then begins a slow decline. However, more recent findings, including a new study from neuroscientists at MIT and Massachusetts General Hospital (MGH), suggest that the real picture is much more complex.

The study, which appears in the journal Psychological Science, finds that different components of fluid intelligence peak at different ages, some as late as age 40.

“At any given age, you’re getting better at some things, you’re getting worse at some other things, and you’re at a plateau at some other things. There’s probably not one age at which you’re peak on most things, much less all of them,” says Joshua Hartshorne, a postdoc in MIT’s Department of Brain and Cognitive Sciences and one of the paper’s authors.

“It paints a different picture of the way we change over the lifespan than psychology and neuroscience have traditionally painted,” adds Laura Germine, a postdoc in psychiatric and neurodevelopmental genetics at MGH and the paper’s other author.

See on newsoffice.mit.edu




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