US companies reported disappointing profit numbers. Apple, American Express, Microsoft, Caterpillar and IBM all disappointed in some form or another – leading the US stock market to sell off this week. Greece was lent money by the European Union and paid back some of its loans to its creditors. It also passed reforms through its…

john nash

Who is John Nash?

ohn Forbes Nash, Jr. (June 13, 1928 – May 23, 2015) was an American mathematician whose works in game theory, differential geometry, and partial differential equations have provided insight into the factors that govern chance and events inside complex systems in daily life. John Nash, widely regarded as one of the greatest mathematicians of the…



– all from his bland and innocuous semi-detached house in Hounslow, West London, profited £27 million. Mr. Sarao also contributed to the 2010 flash crash in which the S&P 500, the NASDAQ 100, and the Russell 2000 collapsed and rebounded with extraordinary velocity, and the Dow Jones Industrial Average experienced the biggest intraday point decline in its entire history, plunging…

Iron Ore Price Crash

Iron Ore Price Crash Extended

Iron Ore Price Crash Eliminates Billions In Market Value The plummeting iron ore price has wiped $74 billion from the value of Australia’s key iron ore mining stocks since January 2014, and analysts expect share prices to continue their decline as the price for the commodity slides. Together, the big mining giants such as BHP Billiton,…

© 2014 Intelligent Economist. All rights reserved.