The market forecasters and personal finance
blogs complement the Economics Roundtable.
CurryBlog (Karsten Junge)
"Putting the spice back into investing.”
September 14, 2013, 11:13 pm, 1149994
Work ate into most of my blogging time this week. I hope that regular service will resume as soon as possible.
September 14, 2013, 11:13 pm, 1149995
Markets are all about expectations - you buy stuff which you think will increase in value and sell stuff which you think will lose value. This basic rule holds true in the real economy as well - if a purchasing manager thinks that some vital resource is going to get ...
September 14, 2013, 11:13 pm, 1149996
One of the things that keeps me wondering is why people actually spend so much time discussing why active management is better or worse than passive management. The Hypertextual Financial Glossary
tells us that
Active portfolio strategy
A strategy that uses available information and forecasting techniques to seek better ...
September 14, 2013, 11:13 pm, 1149997
The Chicago Purchasing Managers Index
(pdf!) came out today at a better than expected 61.3. Although the number is better than expected it is still below the average level seen during the beginning of this year.
The employment figure came in at 53.9 which constitutes a recovery ...
September 14, 2013, 11:13 pm, 1149993
No time at all
@ home internet access back as of yesterday
Looking forward to blogging again...
September 14, 2013, 11:13 pm, 1149992
I was talking to a colleague a couple of days ago and he very nonchalantly compared the current situation in the US economy to the Asian currency crisis back in 1997. I was just about to say something along the lines of "come on, this is completely different" when it ...
September 14, 2013, 11:13 pm, 1149989
The Japanese finance minister Sadakazu Tanigaki started verbally shifting Japan back into intervention mode by saying things like
"We will take decisive action if foreign exchange rates fail to move in such a way [Foreign exchange rates should move in a stable manner and reflect fundamentals of economies]"
In a not ...
September 14, 2013, 11:13 pm, 1149990
September 14, 2013, 11:13 pm, 1149991
's Paul McCulley does an excellent job of Fed watching
(as always). He also manages to explain the mechanism by which the Fed massages the economy in a way that is so persusasive that anyone will "get it" quicker than I can write "transmission mechanism".
September 14, 2013, 11:13 pm, 1149988
The November TIC data (aka foreign cash infusion) came in above the $70bn I was looking for in my last post. The final talley was $81bn
which gave the US currency a brief respite. Most of the inflow was due to higher purchases of US fixed income assets. Most ...