Good stuff here from Mark Dow on understanding the Yen carry trade. Precisely what you should be doing with your Saturday. “This is the question I always fantasize an insightful [ … ]
Hatzius: Jobs Growth Should Slow as 2013 Progresses
Goldman’s Chief Economist offers some thoughts on today’s big job’s report (via CNBC): “I think you need to be cautious interpreting any individual number, but if you look at the [ … ]
There’s Even Bigger Problems in the Reinhart & Rogoff Thinking….
Much of the discussion surrounding the Reinhart and Rogoff debacle has been focused on the spreadsheet error and the obvious cherry picking within the data. That’s led many to conclude [ … ]
Low Inflation – It’s a Global Phenomenon
Despite persistent worries about “money printing” and the Fed’s actions, inflation has remained benign in the USA. But you might be surprised to notice that this isn’t merely a US phenomenon. It’s actually a global trend.
April Caps Off Continuing Weak Rail Trends
April rail trends finished with a whimper as intermodal rail traffic came in at 1.6% on a year over year basis. This continues a series of weakening data points as [ … ]
EuroCoin Index: European Economies are Stabilizing
Just a data update here on the EuroCoin index: In the month of April €-coin remained basically unchanged at the marginally negative level registered in March, working out at -0.10%. [ … ]
AAII: Retail Investors Slowly Climbing Back into Stocks
The latest AAII asset allocation survey showed that individual investors increased their equity holdings by 2.2%, increased fixed income exposure by 2% and reduced cash by 4.3%. That’s a meaningful [ … ]
The Rise of the Marxists
I’ve spent a fair amount of time over the years discussing the conservative myths about government debt, the bond bubble myth, the coming insolvency of the USA, the inevitable US hyperinflation, [ … ]
NYSE Margin Debt Approaches All-Time High
Disaggregation of credit is the understanding that there are good forms of credit and bad forms of credit. A good form of credit is something like a standard business loan [ … ]