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Hidden collective factors in speculative trading : a study in analytical economics

This volume explores the changes in speculative trading in the United States to provide an understanding of the present economic crisis. Readers will find a unified mathematical theory of speculation and new chapters that discuss neoliberalism.

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  • "This volume explores the changes in speculative trading in the United States to provide an understanding of the present economic crisis. Readers will find a unified mathematical theory of speculation and new chapters that discuss neoliberalism."@en
  • "Besides analyzing stock markets, the book considers a wide range of speculative markets for various items such as real estate, commodities , postage-stamps, antiquarian books. In particular, it highlights the following regularities:(i) During a speculative episode, the price of expensive items increases more than the price of less expensive items. This is referred to as price multiplier effect.(ii) Price peaks for stocks and most commodities on average follow a well-defined pattern that we call the sharp peak - flat through pattern; in contrast real estate price peaks follow a flat peak pattern.(iii) The stocks whose prices experience the strongest increase during a bull market, better resist during the subsequent bear market, an effect referred to as the resilience pattern. Such regularities pave the way for a mathematical theory of speculation. Being mainly empirical, the book is easy to read and does not require technical prerequisites in finance, economics or mathematics."
  • ""What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis shows that there was a "phase transition" in the United States around 1975 which brought the following changes: - The stagnation of real wages over the past 30 years and a parallel rise in indebtment levels. - The abrupt fall in unionization rates and in the number of strikes. - The development of tax havens which deprived states of tax revenue. - The globalization of financial transactions which hinders long-term investment."--Publisher's website."@en

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  • "Ressources Internet"
  • "Electronic books"@en
  • "Electronic books"
  • "Online-Publikation"

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  • "Hidden collective factors in speculative trading : a study in analytical economics"@en
  • "Hidden collective factors in speculative trading : a study in analytical economics"
  • "Hidden Collective Factors in Speculative Trading a Study in Analytical Economics"
  • "Hidden Collective Factors in Speculative Trading a Study in Analytical Economics"@en
  • "Hidden collective factors in speculative trading a study in analytical economics"@en
  • "Hidden collective factors in speculative trading a study in analytical economics"
  • "Hidden collective factors in speculative trading : A study in analytical economics"
  • "Hidden Collective Factors in Speculative Trading"@en
  • "Hidden collective factors in speculative trading"@en
  • "Hidden Collective Factors in Speculative Trading A Study in Analytical Economics"
  • "Hidden Collective Factors in Speculative Trading : A Study in Analytical Economics"

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