Some Young Tech Companies Are Thriving

Small business is often referred to as the job-growth engine of the US. Particularly at times when the country is rebounding from recession, persistent innovators emerge as the next business cycle leaders.

An area’s laid-off workers frequently are just the catalyst for innovation, says Paul Jerde, executive director of the Deming Center for Entrepreneurship . . . → Read More: Some Young Tech Companies Are Thriving

The Mysterious and Elusive “Extra Money”

I always get a kick out of people – like the author of this week’s “Buttonwood’ column in The Economist magazine – who say that tax revenues to government are suffering because they spent all the inflated tax revenues they got all these years, and now the revenues are gone, gone, gone but all . . . → Read More: The Mysterious and Elusive “Extra Money”

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?

Leading Indicators Now Up for 5 Straight Months

The Conference Board’s index of U.S. leading economic indicators rose for the fifth straight month in August. The streak represents the longest string of LEI gains in five years. The data further bolsters our view that growth likely began in June and will continue to strengthen through the end of the year. . . . → Read More: Leading Indicators Now Up for 5 Straight Months

Speaking Silver’s Language

Everybody knows that I can always be counted on to go ballistic about silver being such a Screaming Freaking Bargain (SFB) because of (according to the most recent Official Mogambo Count (OMC)) more than a dozen very good reasons, which is a lot of reasons, and that at $17-and-change per ounce, silver is loudly . . . → Read More: Speaking Silver’s Language

United States Sacrifices Poland And The Czech Republic

One technique for valuing fiat currencies is treating them as the common stock of issuing nation.  Almost all empires end for financial and economic reasons.  Gold’s two week moving average is over FRN$1,000.  The United States is proving to be no exception.

On 17 September 2009 the United States formally announced the intent to . . . → Read More: United States Sacrifices Poland And The Czech Republic

Interesting Readings for September 22, 2009

Writings about Lehman, in the broad Indian discourse, are a reminder of the low quality of the Indian economics discourse. Meghnad Desai looks back at a year after Lehman, in Financial Express. For a person who was in my father’s class at M.A., he is remarkably free of socialist cobwebs of the mind. . . . → Read More: Interesting Readings for September 22, 2009

You Will

In 1993, before the World Wide Web and before the commercial Internet, AT&T ran a set of television advertisements. They are visible on Youtube. At first blush, a lot of it sounded wide eyed and futuristic. But to people who were in the field then, everything in the ad was reasonable and incremental; merely . . . → Read More: You Will