The Iowa Electronic Markets are operated by faculty at the University of Iowa Henry B. Tippie College of Business as part of our research and teaching mission. These markets are small-scale, real-money futures markets where contract payoffs depend on economic and political events such as elections.
Crisis may make 1929 look a 'walk in the park' Last Updated: 11:21pm GMT 29/12/2007 As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. As the credit paralysis stretches through its fifth month, a chorus of economists has begun to warn that the world's central banks are fighting the wrong war, and perhaps risk a policy error of epochal proportions. "Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression. "It cannot deal with the underlying fear that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue," she adds.
Art Market Trends 2007 (From Artprice) Artprice publishes its exclusive art market report that more than 6,300 international media and institutions rely on each year. Based on the 5,4 million auction recorded by 2,900 auction houses, "Art Market Trends 2007" is a 44-pages report of macroeconomics and microeconomics analyses updated to match the auction events and the artworks prices evolutions. This report published by ArtMarketInsight, Artprice's press agency, in collaboration with Artprice's econometrics department also includes genuine rankings such as the TOP 500 artists by turnover, the 100 highest auctions of the year. Contents * Edito * The speculative bubble on the art market reached its peak in 2007 * Suicidal competition * The United States consolidates it market leader position * London, an ideal terrain for speculation * China moves up to the number 3 position in the global art market * Drouot: last bastion of the French art market? * Is the worst yet to come? The Art Market Confidence Index - a useful tool * The TOP 10 artists Download pdf in French and English
