Easy Money and Hard Lessons

In last week’s EI letter we commented on the parabolic rise in the silver price and made the observation that, although the mining equities don’t always participate in the “up” move in metal prices they seem to always “enjoy” the down moves. This week proved the rule, as the commodity sector got a . . . → Read More: Easy Money and Hard Lessons

Slamming the accelerator while hitting the brakes

The #1 problem of Indian macroeconomic policy is the inflation crisis. From February 2006 onwards, in every single month, inflation has exceeded the target zone of four to five per cent. I’m measuring inflation as the year-on-year change of the CPI-IW. The latter is the best measure of inflation in India today.

This macroeconomic . . . → Read More: Slamming the Accelerator While Hitting the Brakes

Economic Events on May 19, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 425,000 new jobless claims last week, which would would be 9,000 less than the number released last week.

At 9:45 AM EDT, the weekly Bloomberg Consumer Comfort Index will be released, providing an update . . . → Read More: Economic Events on May 19, 2011