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