Feeling Good About a Falling US GDP

The Bureau of Economic Analysis at bea.gov has put out their latest report of Gross Domestic Product, and it was, as you would expect from the steady drumbeat of gloomy economic news, down.

The reason is exactly what you would think: “The decrease in real GDP in the second quarter primarily reflected negative contributions . . . → Read More: Feeling Good About a Falling US GDP

Thank the Fed For Your Lack of Purchasing Power

In case you were wondering, there is no way to stop spending a debt-based currency once you start, which handily explains why Doug Noland, in his Credit Bubble Bulletin, asks “what about an exit strategy? Well, I see a ‘No Exit’ sign. These distortions have been going on for too many years and become . . . → Read More: Thank the Fed For Your Lack of Purchasing Power

Currency Futures Liquidity Ahead of the Forward Market?

At NSE, currency futures did $1.8 billion yesterday. With this, India is starting to look like the first country where the turnover of the currency futures market is big when compared with the currency forward market.

Turnover is, of course, not liquidity. Liquidity is about the transactions cost faced when transacting. Liquidity comparisons between . . . → Read More: Currency Futures Liquidity Ahead of the Forward Market?