Tag: china

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 ".

China Manufacturing PMI Declines at Quickest Pace Since Last August
July 24, 2013 0

China Manufacturing PMI Declines at Quickest Pace Since Last August

By News Desk

China Manufacturing PMI Declines at Quickest Pace Since Last August Posted by Michael Shedlock at 10:50 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).

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.