Negative Gold Lease Rates (again)

If Tom from Metal Augmentor keeps on putting out great stuff like this post on negative lease rates, then I’ll be out of a (blogging) job.

It is heavy going but a comprehensive discussion of the issue with a dramatic speculation that “The selective collateral nature of the tri-party format may force bullion banks . . . → Read More: Negative Gold Lease Rates (again)

A Taxing Proposition

Newt Gingrich, alleged genius, has an imbecilic tax plan:

The tax plan proposed by Republican presidential candidate Newt Gingrich would add $1.3 trillion to the U.S. budget deficit in 2015 alone, a new analysis shows, complicating his goal of balancing the government’s books. [That’s an understatement, to say the least. –ed.]

The analysis by . . . → Read More: A Taxing Proposition

Be skeptical. Be very skeptical.

In recent months, we’ve had a few slip-ups by the official statistical system in India:

Yesterday’s IIP release was preceded by a mistake. Mint says: On Monday, the government was guilty of a similar error in its factory output data. Till it corrected the number pertaining to capital goods output, analysts were left scrambling . . . → Read More: Be skeptical. Be very skeptical.

Economic Events on December 14, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 8:30 AM Eastern time, the Import and Export Prices index for November will be released, providing some data that can be used to . . . → Read More: Economic Events on December 14, 2011