200 Day Moving Average – The Pull Of Gravity

When allocating capital a successful method for increasing wealth is to buy cheap valuable assets and if you ever sell them then do so when the assets are expensive or very expensive. But how can one accurately perform mental calculations of value? I recommend using gold as the numeraire. This allows one to get . . . → Read More: 200 Day Moving Average – The Pull Of Gravity

Yes, This is a Litmus Test

People who refer to themselves as “libertarians” spend a lot of time arguing over exactly what they mean by “libertarian.”

Personally, I try to be fairly “big tent,” figuring that people who self-identify as libertarian tend to get more libertarian after doing so, if a) accepted and b) encouraged to explore libertarian ideas.

So, . . . → Read More: Yes, This is a Litmus Test

Economic Events on July 27, 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 July 27, 2010