datanerdie

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The simple packing math that means you never, ever need to check a bag

Quick: think of a short list of the most frequent-traveling people that you know. Whether that list is full of frequent flying points-chasers who are well-acquainted with in-flight mimosas or budget backpackers who spend most of their time in coach, I’m willing to bet they have one thing in common: …

Painkillers

The Information Age is over; welcome to the Experience Age

Twenty-five years after the introduction of the World Wide Web, the Information Age is coming to an end. Thanks to mobile screens and Internet everywhere, we’re now entering what I call the “Experience Age.”<p>When was the last time you updated your Facebook status? Maybe you no longer do? It’s been …

How to Start a Business On (Almost) No Money

<i>This piece originally appeared on Entrepreneur.</i><p>You’re excited to start a business. Maybe you have an idea, or you’re just fascinated with the idea of …

It's possible we see $85 oil by Christmas

Where does that leave us? With so many energy investors unsure of where the markets are heading, Oilprice.com decided to get in touch with <b>Mike Rothman</b> at Cornerstone Analytics - a macro energy research firm that has produces some of the most accurate data out there. Oil prices may be gyrating up …

Seven Zen Stories That Could Open Your Mind

For centuries, Zen masters have used stories and koans, or paradoxical riddles, to help students realize their true nature. These stories are often …

Meditation

This Mental Trick of Olympic Athletes Can Radically Increase Your Productivity

Top athletes use this simple but powerful technique to perform at their best. So can you.<p>This summer in Rio de Janeiro, we're likely to see awe-inspiring displays of physical prowess. What we're unlikely to see is the mental work that goes into those jaw-dropping accomplishments.<p>Everyone knows that …

Looser purse-strings: Canada’s budget 2016-03-22 | Espresso

Mar 22nd 2016<p>Continue reading today's edition<p>Download the app here. Five stories, five days a week, straight to your iPhone or Android smartphone.

Canada

A massive threat to China's banks is building, and it looks a lot like a Ponzi scheme

Wealth-management products have exploded in popularity over the past few years.<p>We've heard about these products blowing up investors' faces in China before, but the way Fitch makes it sound now, the situation has become even more dire.<p>In fact, it sounds like a Ponzi scheme, as banks issue new WMPs …

The head of the Bank of England explains everything that's wrong with negative interest rates

Which means investors buying this government debt are willing to pay the government for the privilege even if that government is fiscally in worse shape than Greece! But "investors" is a funny word these days of central-bank craziness: the entity that buys every Japanese government bond that isn't …

Why Is Wall Street So Worried About China?

The word China is often thrown around to explain why markets are in turmoil. China doing well was a threat to the world economy. China doing poorly is now a threat to the world economy.’<p>Which one is true?<p>First, a bit of background. Over the past twenty years, China’s economy has grown more than</b> …

Stock Markets

Negative Interest Rates Won't Save Us

The hot topic on Capitol Hill is negative interest rates.<p>With central banks in Europe and Asia increasingly turning to the once unthinkable monetary …

China's in a 'desperate juggling act' to save its currency

Thursday morning, the People's Bank of China injected 340 billion yuan ($51.9 billion) into commercial banks via reverse repurchase agreements, after having already injected 440 billion yuan on Tuesday. As 190 million yuan of prior reverse repurchase agreements — a type of short-term loan — have …

Real Estate

The Tech That Will Change Your Life in 2016

Gadgets, breakthroughs and ideas we think will define the state of the art in the year ahead<p>Entering 2016, the future never felt more within reach.<p>Science fiction will become science fact this year when you take virtual-reality vacations and your dishwasher reorders its own soap. Are you ready for …

Virtual Reality

The oil glut is causing Saudi Arabia to cut spending

But the desert kingdom reportedly is working on a strategy to rework its economy in part through spending reforms and privatizing state-owned industries in an effort to weather what it sees as a temporary drop in oil's value.<p>Crude exports from Saudi Arabia rose from an average of 7.111 million …

Contagion from the energy market is coming

As Brent crude hits 11-year lows, it's worth thinking about why it is so low and what the likely outcomes will be. Warren Mosler has a view I think works regarding the Saudis as swing producer, targeting quantity instead of price and I want to run this concept by you to understand where this is …

Why is China's stock market falling and how might it affect the global economy?

Concerns about inflation, shares and interest rates are raised after ‘Black Monday’ chaos sees billions wiped off markets around the globe<p>What has happened in China?<p>China’s stock market has fallen sharply over recent weeks despite measures by officials in Beijing aimed at calming investors’ jitters …

Stock Markets

Everybody talking about the stock market is really just talking about one thing

On Monday, the Dow lost 588 points, capping the blue-chip index's first-ever string of back-to-back-to-back days of 300-point declines.<p>Shortly after the market open on Monday, stocks were in a panic, with the Dow falling more than 1,000 points while the Nasdaq fell 7%.<p>The benchmark S&P 500 index …

What the Stock Market Turmoil Means for Interest Rates

The ongoing slide in the stock market hasn't just scared investors, it has made life more complicated for Fed chair Janet Yellen.<p>If you spent Monday …

The global economy’s bizarre problem: Too much money

If you’ve seen <i>The Wolf of Wall Street</i>, you know having too much money can be a problem. And too much money is part of the predicament that the world economy finds itself in right now.<p>In the aftermath of the Great Recession, the world’s most important central banks embarked on a program of pumping …

Economics

REPORT: Now Germany is getting ready for Greece to default too

The Financial Times reported on Monday evening that Greece is already making its own plans for a default scenario.<p>Things are looking more and more grim for Athens: Negotiations for the country's latest bailout tranche are still going, but they're not looking good. Senior eurozone figures are …

A Bloomberg analyst just traveled across China and came back with a serious warning for the global economy

According to a report from Bloomberg's Timothy Coulter, Bloomberg Intelligence analyst Kenneth Hoffman just spent a week traveling across China and he came back with a really gloomy outlook for the world's second largest economy.<p>Hoffman, a metals analyst with Bloomberg, said things in China are "a …

Torrent of Cash Exits Eurozone

Money is going to dollar, currencies of smaller countries<p>A major shift in the flow of money around the globe is driving down the euro at a rapid clip, boosting the U.S. dollar and leaving smaller countries to struggle with the consequence of an extraordinary flood.<p>A wave of cash is leaving the …

Economics

Feeling green

IN THE world of economics, one policymaker towers above all others. The head of America’s central bank, Janet Yellen, presides over a $17 trillion …

The surging dollar is a signal that a colossal financial event is just around the corner

When markets expect that US interest rates will be hiked, it typically strengthens the dollar. That's because people rush to change other currencies into dollars — they can make more money in dollar-denominated investments. The higher demand for the US currency drives its value up.<p>In the past, …

Markets

Yellen Confronts Economists’ Ignorance

Productivity is probably the most important measure of economic health that policy makers know the least about.<p>Its pace will help determine how soon …

The Saudi project, part two

STAGE one of Saudi Arabia’s plan—or perhaps hope—to restructure the oil market is taking longer than expected. By refusing to rein in production …

Get Ready for $10 Oil

At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 …

Greece Seeks Concessions in Loan Extension Request

Pressure mounted on Greece as U.S. and European officials called on Prime Minister Alexis Tsipras’s government to reach a deal with international …

RBA’s Edwards Says Rate Cuts Help Pressure Currency Lower

Reserve Bank of Australia board member John Edwards said pressure on the currency from interest-rate reductions is a “good thing,” while warning any …

Traders Burned on Swiss Franc Carry Shun Free Money

When it comes to Swiss-franc carry trades, it’s a case of once bitten, twice shy.<p>Switzerland’s negative interest rates mean investors are effectively …

Economics