This short film made with Seedance 2.0 is absolutely insane.The realism looks like a real movie — no one can…
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MR. STIGLITZ HASN’T BEEN TIPPED OFF
An English translation by Bernard Bouvet of my post: M. Stiglitz n’est pas au courant.
What caused it? Is it the one year 7% decline in Greece’s GDP in 2011, 16% altogether since the crisis began in 2007? Or perhaps the defections among members of the Greek parliament during Sunday’s vote, followed by exclusions from their respective parties, and to top it all, opinion polls in favour of the Left and the Radical Left? The Greek government giving thus the impression that it doesn’t represent the will of its citizens “anymore”, and so, rendering Sunday’s vote on austerity plan…
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IT IS TIME TO RESTRUCTURE CAPITALISM
An English translation which can be read here of my post “Refonder le capitalisme”: Le moment est venu by Frankly.
It Is Time to Restructure Capitalism
Is there anything more depressing than the spectacle of the short-term remedies that are being applied at present with a view to saving the capitalist system, in the absence of determination to do what would actually be necessary to achieve that objective?
Look at what is happening in Greece, where the Troika (the European Union, the European Central Bank and the International Monetary Fund) is endeavouring to…
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CENTRAL EUROPEAN UNIVERSITY – “HOW DOES ONE BECOME THE ANTHROPOLOGIST OF THE FINANCIAL CRISIS?” – November 7, 2011 – 5:30pm
I’ll be holding a seminar on the following topics :
“How does one become the anthropologist of the financial crisis? Fieldwork, participant observation, the closed world of bankers and what makes the anthropologist’s toolbox so special”
More information here.
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Gale Warning on Market Risk Management
On Friday, in a single forward-market trading session, gold lost 5.8% of its value, and silver lost 17.8%. Considering the present state of the financial markets and the overall condition of the economy, which for the past few weeks has been entering the second phase of the ‘W’ double dip which began in 2007, this might seem surprising, precious metals constituting the very prototype of the safe-haven investment.
In reality the fact that precious metals – particularly gold – have been rising steadily since February should be interpreted in hindsight as a sign that the financial markets were in relatively good shape in…
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MASTERS OF THE UNIVERSE: About “The network of global corporate control”, by S. Vitali, J. B. Glattfelder, S. Battiston
A passionate discussion has started on my French blog about the article The network of global corporate control, by S. Vitali, J. B. Glattfelder, S. Battiston.
I’m hoping that a parallel discussion in English starts here.
Here an excerpt of the paper to whet your appetite:
… nearly 4/10 of the control over the economic value of transnational corporations in the world is held, via a complicated web of ownership relations, by a group of 147 transnational corporations in the core, which has almost full control over itself. The top holders within the core can thus be…
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TAVAKOLI vs. JORION. The Subprime Crisis: an orchestrated or spontaneous Ponzi Process?
A translation by Bénédicte of my post of September 3rd: TAVAKOLI vs. JORION. LA CRISE DES SUBPRIMES : PYRAMIDE ORCHESTRÉE OU SPONTANÉE ?
You will find in my “La crise du capitalisme américain” (The Crisis of American Capitalism) (La Découverte 2007; Le Croquant 2009), written between November 2004 and October 2005, a chapter describing the dynamics of the crisis which was then underway. This chapter is entitled: “The price of shares and houses: financial bubbles” (pages 195 to 220) and it contains a section entitled: “The financial bubble as a ‘naturally occurring Ponzi process’”. The phrase was…
0comment(s): TAVAKOLI vs. JORION. The Subprime Crisis: an orchestrated or spontaneous Ponzi Process?
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SPAIN: A WEAK LINK, OR A VICTIM OF DEBT TRANSFER AND OUTRAGEOUS CONDUCT ON THE MARKETS?, by Sébastien Bano
Guest post
A few days ago, I was contacted by a friend of mine, in New Zealand, who was concerned about the bad news affecting the economy and, particularly, Spain, where I currently work. In answering the two questions he asked me, I have tried to describe what seems to be the main problem of this country (and many others, but Spain is indeed a glaring example), and in doing so, hope to provide an alternative insight to counter the facile accounts of idle Mediterranean workers and “Club Med resorts lifestyle”, frequently advanced as the logic for Spain’s demise. As…
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FRANCE Culture, NEWS BROADCAST, Saturday August 13, 2011, 9.45 pm
We will discuss the stock markets’ tumble.
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ZDF, HEUTE JOURNAL, Thursday August 11, 2011, 7 pm
Here’s only a short extract of the interview for German television channel ZDF
The full video will be broadcast next week.
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