For the first time in 10 months the Tenth Federal Reserve District is reporting factory production that is now net positive. The Tenth Federal Reserve District encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and western Missouri.
The Kansas City Fed released its manufacturing report on Thursday and claimed that “manufacturing activity showed . . . → Read More: Kansas City Fed: Regional Factory Production Now Net Positive
There is a fascinating article in The Economist about how the world of derivatives has shaped up through the crisis.
I often encounter misconceptions about hedging. The one line that summarises the issue is this: The job of a hedging strategy is to combat extraneous economic exposure. Let me focus on currency exposure as . . . → Read More: Hedging using derivatives
On 25 June 2009 I was invited to the Cafe Libertalia to speak at a book club where I was given the latitude to choose the book for discussion. I picked What Has Government Done To Our Money And The Case For A 100% Gold Dollar by Murray Rothbard. This book is an easy . . . → Read More: What Has Government Done To Our Money?