Examining the manner in which financial news is reported in the popular media, The Hot Spring’s collaborative innovation initiative proposes to create a system whereby live-update, rss-technology, and financial and editorial expertise, come together to produce a reliable up-to-the-minute resource for evaluating broad economic trends and engagements, without limiting analysis to single-parameter references like GDP or individual stock indices.
It is often thought that in order to organize ideas or to put some kind of order to any analysis, one needs uniformity, a limited number of generic categories and a single system of uncomplicated parameters by which to categorize each subject under review. But the truth is, this uniformity is not and will not be the rule of any part of lived reality.
To emerge from the fog of flawed, incomplete and opportunistically limited economic and financial analysis, means we need to come to grips with the fact that all resources, all functions or ‘services’, be they natural or the product of human ingenuity, figure somehow in economic values at all levels. There may be no clear way to quantify their contribution or mercantilize them, but they are there, and nothing can be fully understood in economic terms without seeing this. [Complete Text]
