Michael Grogan @firstclassanalyticsmg-blog1 - Tumblr Blog

Pound at seven-year high against euro

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India budget to boost investment

Having used both the PRO version of YCharts and the somewhat more elusive Bloomberg Terminal, I initially questioned whether the Bloomberg Terminal will continue to maintain its competitive advantage given the vastly growing array of financial data available to the public. From my experience of YCharts, the company provides a great deal of information on virtually all stocks and economic indicators out there, in addition to providing excellent graphing and Excel integration. So, is this the eventual replacement for the Bloomberg Terminal? Currently, a Bloomberg Terminal user will pay approximately $20,000 per year for subscription to the service. Compare this with a yearly fee of $3,600 at the time of writing for the Professional YCharts package, and the cost savings are clear. Looking back ten years, the Bloomberg Terminal was the undenominated champion of the financial industry. No web service had come close to providing the breadth and depth of analysis offered by the Bloomberg Terminal, and the high price tag was merely viewed as the cost of ensuring use of a premium product that the vast majority of investors do not have access to. However, given the advent of premium financial data providers by means of the internet, does this mean the Bloomberg Terminal's days are numbered? While YCharts will continue to grow in popularity; I do not see it overtaking the Bloomberg Terminal, and there are several reasons why...

#finance #bloomberg #YCharts #data #analytics #bigdata

conscienceofeconomics

So, if I’ve got it right, while North America is reluctant to support the economic “incompetence” of Native people, it is more than willing to throw money at the incompetence of corporations.

Thomas King, The Inconvenient Indian (2012).

So this isn’t exactly about economics, and I guess economics isn’t exactly about economics either. It’s supposed to be about people and about helping people access the best the world can offer them. It’s supposed to be about progress and growth, not for the sake of progress and growth, but for the individuals and communities and nations that make up the world. The argument that King refers to here is not one specific to the Aboriginals in North America, though they are its main target. The argument is this: these people need to figure out how to look out for themselves; they need to figure out how to survive and grow and prosper; we can’t throw money at them and teach them every little detail about how to do this.

Okay. But the other side of the argument is a little ironic given the above. We also want these people to be like us and follow in our footsteps to development. Native peoples faced assimilation and execution, but that’s old history, isn’t it? Now they need to learn to stand on their own feet.

So a lot of what I’ve just written is sarcastic and satirical, because for those of you who don’t know me, I happen to be native and I feel incredibly passionately about Aboriginal issues. Being sarcastic about this kind of thing leaves a bad taste in my mouth. What I’m trying to say is that economics fails all the time because of the policy making and people behind it. Fair isn’t often considered when making economic decisions, and that sucks. Of course.

Where economics and economists fall short, people need to fill in. People with consciences and dreams and hearts. People are not parts of an engine. They are not disposable and they are not to be aggregated at every turn. People need to be understood as they want to be understood, not how others want to see them. People need to think and feel, not one or the other.

We need to learn from the past, but that doesn’t mean learn and repeat. We need to learn what we did wrong and how to fix it, and not put all the bad stuff that happened in a report or file and store it away forever.

(via conscienceofeconomics)

In an effort to bring the budget deficits of EU member countries down to a sustainable level, the European Commission has recently been placing significant pressure on France to reduce its deficit to a level of 4 percent by the end of 2015. Ultimately, the goal is for France to reach a budget deficit of 2.8 percent by the end of 2017, which would bring the country below the generally accepted EU restriction of 3 percent of overall Gross Domestic Product.

#france #eurozone #economics #gdp growth

When conducting time series analysis, it is important to first test if the time series in question follows a seasonal spread, i.e. has a different variance across seasons. To do this, we use what is...

#excel #programming #rstats

clevelandseoguy

Why You Need a Search Engine Optimization Company

For most people, the services of a search engine optimization company offer the best chance of actually boosting their company’s visibility. You can’t just pick one out of a hat or off the first page of results either, because you have to make sure that the guys you hire can actually do what they promise to do.

conscienceofeconomics

firstclassanalyticsmg-blog1

"Here is a one-item test to see whether you are guilty of cloudy thinking about gas prices: Do you believe that they are something a president can control? Many Americans believe that the answer is yes, but any respectable economist will tell you that the answer is no. […] Changes in U.S....

economicreading-blog

Perhaps it is merely a coincidence, but the U.S., with the most activist central bank and after more than five years of quantitative easing and a zero interest rate policy, has the best looking economy in the developed world. Europe, where Germanic austerity and central-bank timidity prevails, looks the worst. Japan is somewhere in the middle, both in terms of its economic recovery and QE.

earthstory

Oil FAQs Ever wondered how oil and whiskey are related? Curious as to whether we’re running out of oil? Are the oil majors hiding the fact that they can’t find any more oil? And where do you store your countries emergency oil in case of an apocalypse? All the answers and more are below:

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Michael Grogan