Author: JavaExchange

The world of economics has been dominated by white men from the creation of the field. Perhaps it is time to open the door to the other half of the world. Fortune contributor Avivah Wittenberg-Cox has written an article about five women in the economics field to pay attention to (one already has a Nobel Prize for her work.)

Few economists become household names. Last century, it was John Maynard Keynes or Milton Friedman. Today, Thomas Piketty has become the economists’ poster-boy. Yet listen to the buzz, and it is five female economists who deserve our attention. They are revolutionising their field by questioning the meaning of everything from ‘value’ and ‘debt’ to ‘growth’ and ‘GDP.’ Esther Duflo, Stephanie Kelton, Mariana Mazzucato, Carlota Perez and Kate Raworth are united in one thing: their amazement at the way economics has been defined and debated to date. Their incredulity is palpable.

https://www.forbes.com/sites/avivahwittenbergcox/2020/05/31/5-economists-redefining-everything–oh-yes-and-theyre-women/?fbclid=IwAR1kuLKS2pEwGoKYz3ivWdOfOv3fQ8KhB01DE2AzSwIgxYAEpgoLnIrEI5Y#353545c9714a

A brief summary of the exchange today

The major market indices closed flat for the day. One reason for the slow pace for the minimum movement, an uptick of reported corona virus cases. This could be a moment to wait before buying into the market. If you are looking for a sign to get back into the market the rise in outbreaks of COVID-19 could offer a purchasing opportunity.  

The FAA has complete certification of the Boeing 737 MAX. This still bring to question what issues need to be address in regard to the relationship between Boeing and the FAA.

This is to a few of the economic theory zealots from Stephanie Kelton. The author argues we need to rethink the national debt. Interesting view on the national debt. Should we focus on balancing the budget or consider debt from the Federal Government as a different case and should be viewed in a different light? More on this topic in the future.

https://www.bbc.co.uk/reel/video/p08jbbry/why-we-need-to-debunk-the-deficit-myth-

Should this IPO be on your radar?

With food-at-home in high demand due to the coronavirus pandemic, Albertsons Cos. has filed paperwork to go public. Albertsons (ACI)  began trading on the New York Stock Exchange on Friday under the ticker symbol “ACI.” Late Thursday, the company priced its IPO at $16 a share, lower than the $18-to-$20 price range it was seeking.

https://finance.yahoo.com/m/d2ef83de-04dc-397b-9043-e76b90055509/albertsons-is-giving-the.html

In the early days and weeks of the COVID-19 pandemic, Americans acted on equal parts fear and necessity converting their homes into offices, gyms, and schools.

Those who were healthy found themselves restless and in search of a distraction. People painted rooms different colors and baked banana bread, and some saw an opportune time to get a puppy. 

https://finance.yahoo.com/news/puppy-scams-coronavirus-illegal-tender-podcast-162252189.html

The Dow was down for the week.

Leisure, travel, banking and consumer spending-oriented stocks got trampled in the stock market today as Wall Street focused on Texas’ decision to halt the reopening of its economy. In midafternoon trade, the Dow Jones Industrial Average sank nearly 600 points, or 2.3%, and traded near a session low of 25,054. The Dow Jones also looked poised for a test of institutional buying support at its 50-day moving average.

https://finance.yahoo.com/m/b8b333d2-f0f6-3e2e-8ea1-805664cacb9b/dow-falls-1-102-points-in-3.html

GNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself. Read More

Vitamin chain GNC files for bankruptcy, may close 1,200 stores and sell itself — Financial Post

U.S. business analytics firm Dun & Bradstreet said on Wednesday it plans to raise up to $1.38 billion in its initial public offering (IPO). Read More

Dun & Bradstreet looks to raise up to $1.38 bln in U.S. IPO — Financial Post

NEW YORK — Since hitting intraday lows on Read More

Runaway Nasdaq: A reason for caution is in the charts — Financial Post

Gold prices rose on Wednesday as Read More

Gold hovers near 7-1/2 year high on stimulus boost — Financial Post