Finance Roundtable

Finance Roundtable

The market forecasters and personal finance blogs complement the Economics Roundtable.

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Intangible Wealth

"A random walk through the markets and the ecomomy”

April 30, 2018, 8:07 pm, 1849144
The recent jump in oil prices into record territory has hogged the energy headlines. At the same time, many are wondering why sky high oil hasn't caused more economic damage. I believe part of the answer has to do with natural gas prices, which have held fairly steady for the ...

April 30, 2018, 8:07 pm, 1849147
It's a sign of the times that when the biggest banks of the land announce the creation of a fund to buy debt securities affected by the recent liquidy drought, the reaction is indifference or even outright hostility.

No wonder. The cartoonishly-named M-LEC (Master Liquidity Enhancement Conduit) ...

April 30, 2018, 8:07 pm, 1849148
By now you've probably heard that Leonid Hurwicz, Eric Maskin, and Roger Myerson won this year's Nobel economics prize. With all due respect to all concerned, they're to economics as Dario Fo, Elfriede Jelinek and Wislawa Szymborska are to literature.

If you even want to attempt ...

April 30, 2018, 8:07 pm, 1849146
Even if you have a pessimistic bent, the latest housing starts figures are dispiriting. They fell 10.2% in September, to 1.19 million units, well below the consensus forecast of 1.28 million units. This translates to a full 31% drop from year-ago levels.

Are we near the ...

April 30, 2018, 8:07 pm, 1849145
Mostly unnoticed, the IMF published its semi-annual World Economic Outlook today (here's the press release), which is always makes for interesting reading. As expected, it slashed its growth forecast for the U.S. in 2008 to 1.9%, versus the 2.8% it expected as recently as July.

Apparently, ...

April 30, 2018, 8:07 pm, 1849127
It's certainly understandable that in a time of $100 a barrel oil many laud the promise of biofuels. Yet, Ricardo Hausmann, an economist at Harvard's Kennedy School of Government is guilty of overstating the case for them. For instance, he boldly claims the following:

Peering into the future ...

April 30, 2018, 8:07 pm, 1849128
That's the firm's market capitalization as implied by its price in the Shanghai bourse following its IPO there (see here). But the price of its NYSE-quoted ADR's gives a market cap of "only" 398 billion.

This, of course, is the result of capital controls in China, ...

April 30, 2018, 8:07 pm, 1849125
Blogging is an on-and-off kind of thing for me. As much as I enjoy it, a demanding job and an equally demanding family life leaves little energy for this. So, no promises, specially to myself, but here goes nothing once again.

Where did I leave off? Funny thing, my ...

April 30, 2018, 8:07 pm, 1849124
From the folks over at the World Socialist Web Site (published, if you were wondering, by International Committee of the Fourth International):

While those promoting “free trade” speak for the bankers, financiers and more globally competitive sections of capital, there is a definite constituency for protectionism among less ...

April 30, 2018, 8:07 pm, 1849126
Apparently, one notch below a middle-tier, but prestigious, investment bank (see here).

Not good news given the real potential (albeit small) for a worldwide financial meltdown.