No Recession in the Global Economy, but Divergence Aplenty

Yours truly is actually a macroeconomist, indeed with a knack for financial markets, but still; a macroeconomist nonetheless. However, you would not have gotten that impression from the writings here end last week where I worried a lot about the worry of financial markets. I still do, worry that is, mostly because we . . . → Read More: No Recession in the Global Economy, but Divergence Aplenty

How to Identify a Gold Bubble

There is no bubble in gold. Watch the first past of this news story on gold buying in China. When you see similar crowds in Western countries desperate to hand over paper banknotes for gold then you’ll know we are in a bubble.

h/t to Sharelynx

Economic Events on May 19, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 27.1% last week, since the second financial stimulus program for home sales came to a close at the end of April.  That decrease sent the index to its lowest level since 1997, and is . . . → Read More: Economic Events on May 19, 2010