Is a Great Big New Tax Such a Bad Idea?

‘Where have you been? Have you been hiding from me?’ I saw it was Jim speaking when I looked up from reading the paper. I hadn’t exactly been avoiding him, but then I hadn’t really missed not seeing him for a few months.

Jim asked me if I could give him a lift home. . . . → Read More: Is a Great Big New Tax Such a Bad Idea?

Interesting Features of the Budget Speech

Financial stability, regulatory coordination, financial reforms

So far, in India, regulatory coordination was based on the HLCC. This has not been a particularly good experience. The HLCC was not statutory and there was no defined mechanism through which decisions would be obtained. Many inter-regulatory difficulties simply languished. One peculiar aspect of the HLCC was . . . → Read More: Interesting Features of the Budget Speech

Aircraft Sales Have Durable Goods Flying High

Improvement in the factory sector looked material last month. The overall level of durable goods orders jumped 3.0% and that followed an upwardly revised 1.9% December increase. Transportation spiked 15.6% in January after a 1.5% rise the month before. For the latest month, non-defense aircraft lifted-off to a monthly 126.0% increase; defense . . . → Read More: Aircraft Sales Have Durable Goods Flying High

Is Goldman Sachs Thinking Of Buying Silver

Operating a website requires monitoring to make sure there are no problems but doing so can uncover very interesting nuggets of information. For example, on 24 February 2010 at 11:15 EST in the evening someone at Goldman Sachs Company in the main NYC office found RunToGold through Google by searching for the phrase ‘buying . . . → Read More: Is Goldman Sachs Thinking Of Buying Silver

Micro Foundations of Inclusive Growth – From Economic Survey

Even if you don’t usually read the Economic Survey, this year, the chapter titled Micro foundations of inclusive growth is well worth reading.

Growth vs Levels – Eurozone Edition

It is a well known dictum in the context of economic analysis that you have to distinguish between stocks and flows and how focus on one instead of the other lead to misguided analysis. It is the same with growth and levels with the former defined as the growth from one period to . . . → Read More: Growth vs Levels – Eurozone Edition

Pension Systems- A Growing Fiscal Bomb

From today’s edition of Economist (link):

Home Prices Continue Seasonal Improvement

Seasonal factors play an important part in the monitoring housing prices, pushing up prices during the high traffic months of the spring and summer and pulling them down in the cold of the fall and winter.

The Case-Shiller data on home prices was released on Tuesday. When seasonally adjusted, the data points to an . . . → Read More: Home Prices Continue Seasonal Improvement

Stock Market Rallies: Nothing Lasts Forever

People hear my clear, clarion call for them to buy gold, silver and oil as their protection from the monetary and fiscal stupidities which abound – abound! – all around us, and they have questions, such as the one that is burned into my brain from an altercation this morning outside of the hardware . . . → Read More: Stock Market Rallies: Nothing Lasts Forever

Money Supply Flood to Drown US Economy

I can tell you the exact date (Saturday, February 13, 2010) that I saw that TheDailyBell.com had a “guest Editorial” by Dr. Ron Paul, who I admire because he is the only Senator in Congress whose economic philosophy is the Austrian school of economics, which, in fractured German, is “ein Austrian economischer”, which I . . . → Read More: Money Supply Flood to Drown US Economy