The great monetary scientist Isaac Newton, who served as England’s Master of the Mint for 24 years, also did some ancillary work in physics.  The laws of Newtonian physics are known by nearly everyone and are often used by analogy to apply logical reasoning in other fields.  In this case, a few of these laws [...]

Christmas is fast approaching and I thought that instead of writing up my pendant to the flurry of 2010 market outlooks (it will come at some point over the Christmas), I would point you to a recent paper I read on leveraged buyouts and private equity industry. The paper is written by Steven N. Kaplan [...]

If Friday was the day Macro Man had to pay for a wet evening in the company of alcoholic beverages, it was my turn yesterday as I spent the day trying to recover from a night where the amount of alcohol consumed had been beyond excessive. Thus, as I woke up, in agony, some time [...]

For those of you who study macroeconomics and finance, here are some interesting articles on macroeconomic issues:
Menzie Chinn, The Employment Situation in the Graphs, Econobrowser, December 4, 2009 (link)
Menzie Chinn, Debt and Interest Rates; Some Empirical Evidence, November 23, 2009 (link)
Olivier Blanchard, Marianna Riggi, The Price of Oil and the Macroeconomy, Vox, December 7, 2009 [...]

Douglas Holtz-Eakin, former CBO director, discussed the negative effects of the new fiscal policy in the U.S (link).

What a difference a few days have made in the mainstream headlines.
Overblown concerns about Dubai defaults are quickly shifting to the into the shadows. On Tuesday clarity on the extent of the loan restructuring indicated that Dubai World likely would restructure debt worth $26 billion against earlier talk of a possible $59 billion default.
Moving to [...]

Although I certainly would not rank it alongside Macro Man’s dreaded vacation indicator or the incipient increase in the USD if and when the Economist finally decides to slot its decline on the front page, I still have the nagging feeling that whenever yours truly sit down at either a dull and difficult econometrics lecture [...]

The problem
The main source of funding for microfinance in India has been through banks, primarily through the forced `priority sector lending’. Over the years, the demand for funds in the microfinance industry has outpaced the growth in investment by banks. In addition, banks are not the ideal place for these assets, given the nature of [...]

Sheikh Makhtoum won’t go to debtor’s prison, but short of that, Dubai’s all-but-sovereign default is an epochal event in its story. I wrote a column in Financial Express titled Dubai’s great crash where I draw on this episode to think more clearly about (a) International financial centres and (b) Puffery. On this subject, [...]

TRACE MAYER: Welcome back to episode #55 the RunToGold.com Podcast, I’ve got with us today a special guest, Ian Gordon from the Long Wave Group. Welcome Ian.
IAN GORDON: Thank You very much for having me.
TRACE: Great. To start off with the latest news, why do you think that the gold price is taking this rapid [...]