In Gold We Trust

In Gold We Trust is a special report by Ronald-Peter Stöferle of Erste Group Bank. It is very comprehensive and well worth a read because it covers across its 65 pages all key factors influencing gold prices, leading to their conclusion that:

“The risk/return profile of gold investments remains excellent. … Our next 12-month . . . → Read More: In Gold We Trust

Economic Events on June 30, 2010

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 5.9% in the Purchase Index and a week to week increase of 12.6% in the Refinance Index as the housing market continues to show weakness since the second financial stimulus program for home sales . . . → Read More: Economic Events on June 30, 2010

U.S. Housing Market Still Sinking Like A Gold Nugget

Trace: Welcome back to the RunToGold Podcast. We have a special guest with us today, Aaron Krowne; he is the founder of ML-implode.com which is the hub in the mortgage lending industry. Welcome, Aaron.

Aaron: Hey Trace. It is good to be back.

Trace: Gold is at an all time record high right now. . . . → Read More: U.S. Housing Market Still Sinking Like A Gold Nugget

Consumers Score Another 2010 Trifecta

Income, Spending, and Saving All Grow in May

According to the Bureau of Economic Analysis the month of May provided a triplet of economic good news — personal income, spending, and savings all grew. Furthermore, income grew even greater than consumer expenditures and consequently, savings grew as well.

All three measures added similar gains . . . → Read More: Consumers Score Another 2010 Trifecta

Economic Events on June 29, 2010

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM EDT, the monthly S&P/Case-Shiller home . . . → Read More: Economic Events on June 29, 2010

Demographics and Macroeconomics – Part 1

Blog post series, like the vuvuzela, is the new bacon; it works with everything and with John Hempton’s recent excellent series on the economics of default in the Eurozone and Edward’s recent postings on AFOE in which he pulls out some of our old paper abstracts has inspired me to a series in which . . . → Read More: Demographics and Macroeconomics – Part 1

$4 billion of “Fear” Cash Still Out There

In late 2008 Australia nearly had a full blown bank run. The Australian newspaper’s edited extract from the book “Shitstorm” details the run and is well worth a read:

“It was a silent run, unnoticed by the media. Across the country, at least tens and possibly hundreds of thousands of depositors were withdrawing their . . . → Read More: $4 billion of “Fear” Cash Still Out There

Economic Events on June 28, 2010

At 8:30 AM EDT, the monthly Personal Income and Outlays report for May will be released.  The consensus for Personal Income is an increase of 0.5% over the previous month, which would be the fourth month of gains in a row.  The consensus for Consumer Spending is an increase of 0.2% after there was . . . → Read More: Economic Events on June 28, 2010

Is There a Crisis of Capitalist Democracy?

Richard Posner’s recent book, ‘The Crisis of Capitalist Democracy’, is mainly about the global financial crisis, how it came about in the US, the lessons that the author thinks we should have learned from it and what governments should do to prevent similar crises in future. According to this distinguished author the crisis came about . . . → Read More: Is There a Crisis of Capitalist Democracy?

SEBI, IRDA and ULIPs: Hurried solutions lead to poor law

On 18th June, the President signed an ordinance that would settle the recent spat between SEBI and IRDA over unit linked insurance plans (”ULIPs”). The ordinance makes it clear that ULIPs cannot be regulated by SEBI and places them within the jurisdiction of IRDA. The ordinance also tries to prevent further disputes by setting . . . → Read More: SEBI, IRDA and ULIPs: Hurried solutions lead to poor law