Hard hitting global and local news
Speculative Gold Bets at 5-Year Low; Metal Will Get “Crushed†Says Credit Suisse Sentiment is never a perfect timing instrument.Yet, with Hedge Fund Bets on Gold at Five-Year Low I am comfortable stating the gold bull market is not over.
Inquiring minds may be interested in a chart of Spanish public debt over time to see how the policies of Spain and the Troika are working out in practice. Evolution of Spanish Public Debt Over Time I picked that chart up from estrategiastendencias . My stab at a translation of text regarding public debt reads "Spanish banks are deluded.
Richard Tol is quite busy trying out for his new career as a web based comedian over at twitter. If there is one thing that Cook et al. are to be thanked for it is the meltdowns that they have set off at Lucia’s and Tol’s. Eli has been having a bit of fun here and there, but he needs to share the glory with Tom Curtis at Brisbane’s Waters and our friend Willard in the comments at Rabett Run , Dana and many others. To be honest, and Eli is an honest Rabett, Tol has dug this one so deep that he has called out the Chewbacca team .
The correct interpretation of course is "the risk of instability is huge". Please consider Haruhiko Kuroda says rates must stay low until economy improves . Haruhiko Kuroda, Japan’s central bank governor, said the country’s financial system could cope with rising interest rates only once the economy improved, as he laid out the stakes in his attempt to tame the volatile bond market.
Tweet That’s the answer. The question is what’s better environmentally and economically than the current situation of an inadequate gas tax and a price that swings widely. We need to increase the gas tax, a lot, to cover the economic externalities, decrease overconsumption, accelerate the transition away from internal combustion engines, and pay for infrastructure previously paid for by gas taxes on inefficient engines.
Factset Buyback Quarterly has an interesting series of charts and facts on corporate share buybacks. Here is my favorite chart in the series.
Saturday, May 25, 2013 Posted by Brian Rabett Run Subscribe Rabett Run Posts Posts Comments Comments Contributors Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves
Originally posted here: Beppe Grillo Supports "Referendum on the Euro Within a year"
So Eli and Ms. Eli are bundling up for the end of May holiday here in the US and Ethon thought he would take a whack or a peck as the case may be. This one starts with the set to between Richard Tol (boo, hiss) and Dana Nuccetelli (yea) covered at places which are dangerous but it really is about reading carefully. You can see their tweets at Twitter , but Eli’s friend @Ethon Raptor wants to point to two of them Richard Tol @ RichardTol Cook survey included 10 of my 122 eligible papers. 5/10 were rated incorrectly.
For example, please consider Opposition to the euro breaks: first manifesto to leave the single currency as translated from El Economista . The political opposition that Spain remains part of the euro begins to crystallize. And the tool to achieve that end-Spain output of the single currency is again signing a manifest public that, for the moment, has already been signed by around 1,000 professionals convinced "the risks of deterioration and degradation that there are the enormous social suffering caused by the persistence of adjustment policies, austerity and privatization of the public "