Archive for April, 2007
Central Banks Have Lost Control of the Money Supply
I would post the entire essay if I could but you can read it here. This is one of the many good quotes. What would the Austrians consider this private enterprise increase in fiat currency?
Second, money supply does matter. We are seeing the broad money supply indicators (M-2 and M-3) rise not only in [...]
Posted: April 30th, 2007 under Currency, Emerging Markets, Equities, General.
Comments: none
Short Men, Long Women
Bloomberg spells out the arb play:
The group says the Asia-Pacific region is losing as much as $47 billion of output per year from a lack of female participation in labor markets. And as much as $30 billion is lost because of gender gaps in education systems.
Posted: April 27th, 2007 under Asia, Emerging Markets, General.
Comments: none
Panama - A Country Without A Central Bank
From Mises.org:
The absence of a central bank in Panama has created a completely market-driven money supply. Panama’s market has also chosen the US dollar as its de facto currency. The country must buy or obtain their dollars by producing or exporting real goods or services; it cannot create money out of [...]
Posted: April 26th, 2007 under Americas, Emerging Markets, General.
Comments: none
Amazon Rocks Earnings - Shares Up 25% Today
Amazon.com rose as high as 27 percent on Wednesday, the largest gain in more than five years, validating bullish investors’ belief that the Internet retailer’s spending and its focus on boosting sales over profit would eventually pay off.
Posted: April 25th, 2007 under Americas, Equities, General.
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Wall St Catches Uranium Mania
After watching Uranium move from $40 to over $110 in the past year Goldman and others are starting to dediciate resources to the volatile metal. Soon even more people will be in the game with the introduction of uranium futures.
It is not currently traded on an exchange and its price is hard to determine because [...]
Posted: April 25th, 2007 under Commodities, General, uranium.
Comments: none
Home Sales Plunge 8.4% - Biggest Drop in 18 Years
No signs of this slowing anytime soon. This isn’t over:
Home resales fell to a 6.12 million annual rate, a 8.4% decrease from February’s revised 6.68 million annual pace, the National Association of Realtors said Tuesday. February’s rate was originally estimated at 6.69 million.
Posted: April 24th, 2007 under Americas, General, housing bubble.
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Bausch and Lomb Buyout? - Stock up 13% on Take-over Rumors
Posted: April 23rd, 2007 under Americas, Equities, General.
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Deutsche Bank a Target?
Was Citibank floating a trial balloon on the market?
Shares of Deutsche Bank AG, Germany’s biggest bank, rose the most in nine months on speculation that the bank may be acquired by Citigroup Inc.
Posted: April 20th, 2007 under Americas, Equities, Europe, General.
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Dow at record close and up for third straight week, nears 13,000
Posted: April 20th, 2007 under Americas, Equities, General.
Comments: none
The Laffer Curve in Estonia
We’ve previously posted about the right side of the Laffer Curve , but what about the left?
The Gartman Letter describes the booming economy in Estonia after the tax rate was lowered.:
The tax started at 26%, fell to 22% as the revenues taken in at the first rate were far above expectations so the authorities thought [...]
Posted: April 19th, 2007 under Emerging Markets, Equities, Europe, General.
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