Where will the productivity growth come from?

In the Australian federal budget delivered earlier this week, forward estimates of revenue and spending were based on Treasury projections of economic growth rates in excess of 4 percent coming out of the current recession. This projection has attracted attention because the projected growth rates are higher than those experienced in Australia during recent . . . → Read More: Where will the productivity growth come from?

Physical Gold Is On The Move

On 16 December 2008 in Oil Majors Should Just Buy Real Gold I wrote, “The entire eligible COMEX stockpile represents an immaterial 0.36% of the current assets of the five oil majors.  The oil majors could drain the COMEX with a rounding error.  It would be 14% of what Exxon Mobil was spending per quarter buying back . . . → Read More: Physical Gold Is On The Move