One important part of capital account decontrol is commitment. If there is risk that capital controls will be brought back in the future, this can have a variety of unpleasant effects. If there is a fear of fresh restrictions coming in on inflows, a surge of money will rush into the country. If there . . . → Read More: The Extent to Which Reform of the Capital Account is or Should be Irreversible
Do old investment strategies apply to the new gold market? Doug Groh, a fund manager and senior research analyst with Tocqueville Asset Management in New York City, has been analyzing basic materials and gold equities for more than 25 years. In this exclusive interview with The Gold Report, Doug explains how to view . . . → Read More: Doug Groh: What’s Old Is New Again in Gold
According to the ICSC-Goldman’s retail sales report on Tuesday, same-store sales skyrocketed in the February 5 week, up 2.2 percent.
It was the largest weekly gain since the Easter surge of last March.
The year-on-year the rate jumped nearly one full percentage point to plus 2.5 percent.
The Redbook report, also released on Tuesday, . . . → Read More: Retail Sales Likely Skyrocketing into February
The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week decrease of 1.4% in the Purchase Index and a week to week decrease of 7.7% in the Refinance Index.
At 10:00 AM EST, Federal Reserve Chairman Ben Bernanke will testify before the House Budget Committee . . . → Read More: Economic Events on February 9, 2011