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