Posts filed under “Think Tank”

1975 Question: Should Central Banks Be Free to Buy Gold?

Recently declassified memorandum from Fed Chief Arthur Burns to President Gerald Ford:

From the Desk of Gerald Ford-Declassified

Category: Commodities, Think Tank

Jobless claims and more from the ECB

Initial Jobless Claims totaled 521k, 19k less than expected, well down from 554k last week which was revised up by 3k. It’s the lowest figure since January. Continuing Claims fell by 72k and were 65k below forecasts. BUT, those receiving Emergency Unemployment Compensation rose by almost 100k to a new record high and those getting…Read More

Category: MacroNotes

Australia Rocks!

On the heels of higher than expected earnings from Alcoa, a much better than expected jobs report in Australia helped to carry Asian stocks higher and Europe followed. Australia unexpectedly created 40.6k jobs vs a forecast of a drop of 10k and the news definitely substantiates the decision earlier in the week by the RBA…Read More

Category: MacroNotes


Cycles New Yorker10!12!09

Category: Think Tank

Consumer Credit/Belt tightening continues

Consumer Credit outstanding on a seasonally adjusted basis in August fell by $12b, $2b more than expected but July didn’t fall as much as initially reported by $2.6b. It’s the 10th month in the past 11 that has seen declines. Revolving credit (mostly credit cards) fell by $9.9b and nonrevolving fell by $2.1b, a sharp…Read More

Category: MacroNotes

Value Proposition

Bob Lefsetz is a music industry observer, and publisher of the Lefsetz letter: ~~~ I rented a Hyundai. They pulled up this eggplant colored piece of shit, with the Coke-bottle flairs over the rear wheels, and I winced.  A Hyundai?  Wasn’t there anything else? This was it.  We’d already waited in line for twenty minutes…Read More

Category: Markets, Think Tank


Warren Mosler, economist, perturbed by the misunderstanding of monetary policy by the current and past administrations, is running for President in 2012.  He has been speaking at the Tea Parties, explaining to taxpayers that Washington is either at best ignorant of economic policy or at worst deceptive. ~~~~ Federal Reserve Chairman, Ben Bernanke, has indicated…Read More

Category: Think Tank

Fed’s credibility being tested?

With the RBA raising interest rates (because the need for emergency low rates has ended in their opinion), the US$ under major pressure and gold rallying to record highs, the Fed’s credibility is on the line in terms of how easy they are and for how long that will be. Last night non voting Fed…Read More

Category: MacroNotes, Think Tank

Gold Market Report

Today’s Fusionomics report on Gold: ~~~ Gold jumped to above $1039 on dollar weakness, a Bank of America supportive report and strong Indian jeweller demand. That’s above the previous record intra-day high of $1034, hit on 17th March 2008. Indeed, factors that could still drive the gold price higher: 1. An increase in inflation fears,…Read More

Category: Commodities, Think Tank

King Report: Goldman’s First Call ?

> Citigroup and BAC jump on Friday afternoon; JPM and then the S&P 500 followed: > > Stocks tanked on Friday with the ugly employment report. But stocks rebounded, led by a big rally in major banks stocks. Yesterday Goldie touted the big bank stocks. Did you get a Friday afternoon call? The S&P 500…Read More

Category: Analysts, Technical Analysis, Think Tank