Recent Articles
The Doctor and the Dealman: An Energy Update
By David Galland, Managing Director, Casey’s Energy Report At first glance, no two individuals could seem more different. The Doctor, middle-aged and balding, could be the very archetype of the college professor. The Dealman is young with a full head of well-styled hair: more than a few people have compared his looks to Elvis in
Thriller
A little weekend music for those of you who haven’t seen enough of Michael Jackson. Enjoy
A Modest Proposal
A post by Annaly Capital Management Some recent economic data (like today’s downwardly-revised “final” reading on 1Q 2010 GDP) have suggested that the economic recovery is waning. Not surprisingly, talk of additional stimulus has started to show up. A widely circulated column from today’s UK Telegraph titled “Ben Bernanke Needs Fresh Monetary Blitz as US
Differing views on Austerity and Stimulus and other links
More on Stimulus and Austerity In The Long Run, We Are Still All Dead – Paul Krugman Blog – NYTimes.com Stimulus, Austerity, and the Spiral of Decline – Daily Reckoning FT.com Mohamed El-Erian – Beyond the false growth vs austerity debate Barack Obama is refusing to listen to reason on economic policy – Telegraph The
Resource Hawk, Stimulus Dove
It’s not my position. But I would think someone would articulate it. It sounds like what Mark Thoma would advocate, for example. That is, someone could advocate: 1 A larger deficit in the short term. 2. Specific, clear measures to reduce deficits over the next ten years, by trimming entitlements and raising taxes. 3. Linking
ECRI Weekly Index falls to a 56-week low of -6.9
This comes via the ECRI website: A measure of future U.S.economic growth rose slightly in the latest week, but its annualized growth rate continued to fall, indicating the economy is about to slow, a research group said on Friday.The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose
China, the Yuan and Euro
The euro has declined about 0.75% this week. This seems fairly resilient, given that news stream that included the downgrade of a large French and Dutch bank, record premiums by Greece and Portugal and disappointing euro zone industrial order data. Some have sought to link this resilience to China, which is at the heart of
Credit Writedowns’ Database Failure
This morning while I was doing my BBC Interview, the Credit Writedowns database failed. I noticed it first when there were no posts on the front page – just a note saying "Sorry, the post you are seeking does not exist." In any event, this is a major, major headache because we are now using
US GDP Revised Lower, but Corporate Profits Higher
The final revision to Q1 US GDP was disappointing in the headline and composition. It is mitigated on the margins, for investors, by the substantial upward revision in corporate profits. Growth was revised to 2.7% from 3.0% previously and 3.2% advance reading. Consumption was cut to 3.0% from 3.5%. Equipment and software spending was revised
Dollar Firms, Risk Aversion Dominates
Highlights The US dollar is little is generally firmer in a risk averse environment ahead of the weekend. The notable exception is the Swiss franc, which is benefiting from tensions in the euro zone and the recent downgrade of deflation risks by the SNB. The euro has fallen to new record lows against the franc
Comstock: It’s More Than Just A “Scare”
Below is the weekly commentary from Comstock Partners. The softening in the economy that we have been looking for is now becoming a reality as a wide sampling of the latest monthly or weekly economic releases clearly indicates that a slowdown is now underway. We cite the following. On the consumer spending front, May retail
For the Last Time, Is Gold in a Bubble?
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report While a few mainstream outlets are coming around to at least acknowledging gold’s stellar run, most remain skeptical or outright bearish. And the blasphemy they purport is that gold is in a bubble. Let’s settle it, right now, and shut these naysayers up. Gold returned 10