Tag: business

About that "Beat the Street" GDP Number
July 31, 2013 0

About that "Beat the Street" GDP Number

By News Desk

My friend "BC" says How convenient, otherwise real GDP would have printed at 0.8%, prices constant.  Yet, the yoy rate of real final sales per capita is below 1% for the second quarter in a row, whereas the second quarter annualized rate is near contracting. Had the deflator been reported at the rate in Q1, the yoy and 2-qtr. annualized real final sales per capita rates would have been reported as contracting

Gold Backwardation Conspiracy Nonsense
July 24, 2013 0

Gold Backwardation Conspiracy Nonsense

By News Desk

Now That’s Backwardation! Recall the definition of backwardation: Current price above future delivery price . There are many reasons this can happen with commodities, but the typical explanations are: temporary short-term supply shortage, expected future supply, or expected falling demand. Supposedly this can never happen with gold because " gold is money ".

Fools Say "Sell the Gold Rally"
July 23, 2013 0

Fools Say "Sell the Gold Rally"

By News Desk

Lee Munson of Portfolio LLC says " Sell the gold rally ". The question for investors and speculators alike is if gold has at long last marked the end of a wrenching nearly two-year pullback from the 2011 highs over $1,900. Lee Munson of Portfolio LLC says any rally marks a chance to make a graceful exit from their positions

World’s Dumbest Idea
July 22, 2013 0

World’s Dumbest Idea

By News Desk

Denning says Milton Friedman is the The Origin Of ‘The World’s Dumbest Idea’ . No popular idea ever has a single origin. But the idea that the sole purpose of a firm is to make money for its shareholders got going in a major way with an article by Milton Friedman in the New York Times on September 13, 1970.