Installing: China’s RMB4 trillion stimulus (v2.0)… Error: not...
First, the government fine-tune policy. Then, the government says growth is a top priority, and will bring future investment projects forward. Now, local governments are all making stuff up. The...
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EUROPE: Destruction, Courtesy Of Short Term Thinking
I guess we have to get used to living in a “what have you done for me lately world”, huh? With high frequency trading, the 140 character Twitter world and attention spans about as long as a gnat’s,...
View ArticleWhy Global Growth Is Grinding Lower
Over the last few weeks, both NDD and I have taken a pretty exhaustive look at the world's economies. It started with my look at the Beige Book (see here for conclusion with links to various...
View ArticleHealth Care Thoughts: Evidence-based medicine not easy
by Tom aka Rusty Rustbelt Health Care Thoughts: Breast Cancer Battle Evidence-based medicine may not be as easy as it first sounds. An opinion piece in the British Medical Journal...
View ArticleThe Economic Impact Of A Slight Increase In House Prices
If I’m correct about house prices bottoming earlier this year – and the CoreLogic report released this morning is another indicator that prices might be increasing a little - a key question is: What...
View ArticleRedenomination Genie Remains Out of the Bottle
The US dollar is trading with a firmer bias today, but largely remains confined to recent ranges. Sentiment remains cautious. Participants seem to lack a near-term focus, but the failure of the...
View ArticleHuge Gaps Between Metals, Miners ETFs
In recent years interest in exposure to natural resources has surged, thanks perhaps in part to the ease of access afforded by the exchange-traded structure. While commodities have always been popular...
View ArticleGreat Graphic: Borrowing from the ECB
Here is a Great Graphic from Sober Look. It shows the peripheral countries borrowings from the ECB. It is clear from the chart why the focus is on Spain. Its bank borrowings from the ECB continue...
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Silver Market Sees ‘Anomalies’ and ‘Devious Efforts’ - CFTC’s Chilton
Today's AM fix was USD 1,607.00, EUR 1,298.90, and GBP 1,030.33 per ounce.Yesterday’s AM fix was USD 1,613.00, EUR 1,300.39 and GBP 1,032.39 per ounce. Silver is trading at $27.88/oz, €22.67/oz and...
View ArticleEuro Optimism Fizzles Amid ECB Chatter, Pound Rallies On BoE Policy
The Euro continued to weaken on Wednesday amid reports that the European Central Bank will hold off on bond purchases until later this year, and the single currency may weaken further over the...
View ArticleUltimate Guide To “Third Generation” Commodity ETPs
The introduction of commodity ETPs has opened up a previously difficult to reach corners of the market to investors of all walks. No need to open up a costly (and complex) futures trading account, as...
View ArticleIsn’t it ironic…
…that if the Bundesbank did not protest the Securities Market Program so vociferously, their man would now be at the helm of the ECB? Bundesbank president Axel Weber was fully expected to take charge...
View ArticleBrad DeLong and THINGS WRONG WITH HASSETT, HUBBARD, MANKIW, AND TAYLOR, "THE...
Brad DeLong offers a long post on economists on the Romney team. THINGS WRONG WITH HASSETT, HUBBARD, MANKIW, AND TAYLOR, "THE ROMNEY PROGRAM FOR ECONOMIC RECOVERY, GROWTH, AND JOBS" Notes on HHMT:...
View ArticleJapan Update
There are three developments in Japan to note: political compromise over the retail sales tax hike, outcome of BOJ meeting and economic developments. Despite some press reports playing up the...
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Three Ways To Invest In Nouriel Roubini's 'Perfect Storm'
Dr. Doom has diagnosed the global economy once again, except this time the symptoms are pointing to something far worse than many pessimists could have expected. Nouriel Roubini, perhaps best known...
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Luxembourg Prime Minister: Europe Is 'Small And Becoming Weaker'
At first, Jean-Claude Juncker was just jabbering about Greece. No, he couldn’t categorically exclude its exit from the Eurozone, he said, but it wouldn’t happen “before the end of autumn.” With these...
View ArticleExiting Losers to Maintain Objectivity
Trading Wisdom 03: Exiting Losers to Maintain Objectivity “The more you lose in a trade, the less objective you become. Exiting a losing trade quickly clears your head and restores your objectivity....
View ArticleThe Einstein of Money
Roger Lowenstein has a nice review in the WSJ of Joe Carlen’s latest book, The Einstein of Money, about the life and times of the great value investor, Benjamin Graham. Mr. Graham’s youngest son...
View ArticleAnother example of why central planning is a bad idea…
August 8, 2012 Oxford, England I’ve noticed something strange over the past few weeks, maybe you have too. It seems that every ‘contrarian’ website out there has joined together to collectively bash...
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Japan Is Quietly Circling A Financial Black Hole
While all eyes are on the absurdist tragicomedy playing out in Europe, Japan is quietly circling a financial black hole as its export economy is destroyed by its strong currency and the global...
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