“It is one of the fundamental rights and duties of a free man to decide what and whose needs appear to him most important.” ~ F.A. Hayek
"When buying & selling are controlled by legislation, the first things to be bought & sold are legislators." ~ F.A. Hayek
Research:
Widely prescribed diabetes drug Metformin may grow neurons, also may prevent lung, colon, liver, prostate cancers ~ Science Daily
World-Class Performers believe they are accountable for results, not an outside force ~ farnamstreet
Errors in odds and errors in value are the most common barriers to good decision-making ~ farnamstreet
SEC Filings predict corporate fraud, says study ~ SSRN
Bessemer Venture recommends reading Health Care Law for start up ideas
Tools Used by data-mining contestants ~ Kaggle – some tutorials
World:
Winner revealed for Wolfson economics prize ~ best Euro Break up idea ~ FT Alphaville – widely deemed as unappealing because it would cause turmoil, as if there were another choice
Denmark Goes Cuts Deposit Rate To Negative 0.2% ~ ZeroHedge
Merkel Makes New Enemies, This Time at Home – Yahoo! Finance –
- Merkel talks a tough game, but caves every time to foreign politicians. The natives are peeved
Asset correlation chart ~ Attain
Incomes are rising in developing economies faster than at any previous point in history.~ McKinsey – It’ll take time for inflation to filter through the supply chain, but like the 70s, it will.
Taiwanese vessel enters Japanese waters near Senkaku Islands ~ Japan Times ~ China also lays claim
China:
China’s 80,000 Real Estate Developers Face Crunch, Loan Sharks Involved ~ WSJ
- Trust Companies and Asset management companies are demanding Chinese Real Estate developers post collateral worth as much as 3x’s the loan $FXI
Massive Chinese-Built Ghost Town In The Middle Of Angola ~ businessinsider
China Slowdown Cuts Luxury Spending, Hong Kong Retailing ~ Bloomberg
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