Author Archive

  • Morning News: May 20, 2013
    , May 20th, 2013 at 6:40 am

    EU Leaders Struggling With Economic Growth to Turn to Tax Policy Goldman Sachs To Exit ICBC With $1.1 Billion Stake Selldown Enron No Lesson to [...]

  • Morning News: May 17, 2013
    , May 17th, 2013 at 7:29 am

    Japan Most Favored Nation in Poll Showing Abe Optimism China Cuts Red Tape as Premier Li Shows Stimulus Reluctance Fisher Urges Cutting Mortgage Bond Buying [...]

  • So I Guess Gold Was Right….
    , May 16th, 2013 at 10:12 pm

    The price of gold has been dropping pretty sharply recently. According to my gold model, that must mean the real interest rates have been on [...]

  • Does Lower Fertility = Lower Interest Rates?
    , May 16th, 2013 at 7:58 am

    Economists have been puzzled by the persistence of low interest rates. Several years ago, Ben Bernanke talked about a “global savings glut” as one possible [...]

  • Morning News: May 16, 2013
    , May 16th, 2013 at 6:58 am

    Japan Posts Surge in Economic Growth UK Uncut Loses Legal Challenge Over Goldman Sachs Tax Deal With HMRC After Bangladesh, Seeking New Sources E.U. Considers [...]

  • The CBO Sees Improved Budget Numbers
    , May 15th, 2013 at 2:37 pm

    Earlier this year, the CBO forecast a budget deficit for this year of $845 billion. That would be the first deficit below $1 trillion in [...]

  • What Models By Mandlebrot?
    , May 15th, 2013 at 2:05 pm

    The New York Review of Books carries a book review by Jim Holt on the autobiography of the late mathematician Benoit Mandelbrot. I’m generally a [...]

  • What’s Going On at Bio-Reference Labs?
    , May 15th, 2013 at 10:35 am

    I have to confess that I have very incomplete knowledge of this story, but there’s something very unusual going on with Bio-Reference Labs ($BRLI). On [...]

  • Industrial Production Falls 0.5% in April
    , May 15th, 2013 at 10:01 am

    Since the price of gold started falling, I suspected that deflationary pressures were stronger than most people realized. Today the government reported that wholesale prices [...]

  • Morning News: May 15, 2013
    , May 15th, 2013 at 7:30 am

    Germany Can’t Stop Euro Zone From Sinking Into Longest Recession King Says ‘A Recovery Is in Sight’ Documentary Depicts ‘Lost’ François Hollande As He Faces [...]