Funny business in GLD

FOFOA has an interesting speculation on the movements in GLD:

So now I offer up a scenario, not as a statement of fact, but as fodder for thought and discussion. In this scenario I am not assuming that the drain on GLD to date has been the direct redemption of ETF shares . . . → Read More: Funny Business in GLD

Globalisation: the glass is half empty

One of the many fascinating facts that you see in Economic History and Modern India: Redefining the Link by Tirthankar Roy (Journal of Economic Perspectives, Summer 2002) is about India’s trade/GDP ratio. The trade/GDP ratio rose dramatically from 1 to 2 per cent in 1800 to 20 per cent in 1914.

By 1970, the . . . → Read More: Globalisation: The Glass is Half Empty

Economic Events on January 31, 2011

At 8:30 AM EST, the monthly Personal Income and Outlays report for December will be released.  The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.5%.

At 9:45 AM EST, the Chicago PMI Index for January will be . . . → Read More: Economic Events on January 31, 2011

Cell Phone Data Usage

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Marshall Auerback: Fiscal Policy Setting Stage for a New Bubble

Marshall Auerback, corporate spokesperson for Toronto-based Pinetree Capital, is a so-called “hedge fund” strategist. He believes that deficit spending is not bound by anything other than inflation, which, he says, is of limited consequence right now. Marshall believes the U.S. government’s main goal should be to reduce unemployment, and he predicts the gold price . . . → Read More: Marshall Auerback: Fiscal Policy Setting Stage for a New Bubble

Deciphering and solving the inflation crisis

India has an inflation crisis. From 2006 onwards, the Y0Y rise in CPI-IW seems to have gone unhinged:

Why did this happen? We have a `Nobody killed Jessica’ situation here. Sharad Pawar and D. Subbarao both insist that the problem cannot be laid on their doorstep. I would argue that it was the currency . . . → Read More: Deciphering and Solving the Inflation Crisis

Economic Events on January 28, 2011

At 8:30 AM EST, the advance GDP report for the fourth quarter of 2010 will be announced.  The consensus is an increase of 3.5% in real GDP and an increase of 1.5% in the GDP price index.  The real GDP estimate is 0.9% higher than the preliminary estimate for this quarter from last month, and the . . . → Read More: Economic Events on January 28, 2011

Super Bowl Ads

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Paging Davos, I never got my invite ...

Despite the efforts of yours truly to create as strong a profile as possible in the world of  econ-blogging I regret to inform my readers that the organizers of the World Economic Forum in Davos have not found it within their hearts to invite me to Switzerland.

This is pity actually as while . . . → Read More: Paging Davos, I never got my invite …

Interesting readings

One of the important mistakes that India is making, in terms of integration into the world economy, is in visa rules. A key element of progress there is the new `Visa on Demand’ program, which has now been expanded. The list of lucky countries now stands at: Japan, Singapore, Finland, Luxembourg, New Zealand, . . . → Read More: Interesting Readings for January 27, 2011