Markets

Oct 24, 2003 at 00:00

Clearly, there has been a tremendous flight to risk assets this year (out of the money market funds), but that doesnt help much in explaining the dramatic monetary boom turned…

Oct 24, 2003 at 00:00

The purpose of the "Washington Agreement" was to give "Transparency" to the Central Bank signatorys gold dealings. They went to great lengths to inform the market 'en masse', what they…

Oct 24, 2003 at 00:00

The concept of volatility is very easy to understand, as it simply expresses how violently prices happen to be bouncing around. Low volatility is defined as small moves in prices…

Oct 24, 2003 at 00:00

On a month-to-month or even a year-to-year basis the relationship between gold and interest rates is not very strong. Over the long-term, however, there is a very powerful relationship between…

Oct 23, 2003 at 00:00

Interestingly, while earnings growth has accelerated from the second quarter, revenue growth in the third quarter appears to be below growth in the second quarter. First Call currently estimates that…

Oct 21, 2003 at 00:00

Since August 2000, the USA as well as most other western markets have depreciated almost in synchrony according to complex patterns of drops and local rebounds. We have proposed to…

Oct 21, 2003 at 00:00

The news on the economy is decidedly and sustainedly bullish. Indeed there are projections for 3Q03 GDP reaching as high as 7%, about twice as high as originally expected. The…

Oct 21, 2003 at 00:00

They fought a war with a ragged little army against a mighty empire, and won. They wrote a Constitution for all the ages, and crossed a vast and death dealing…

Oct 21, 2003 at 00:00

The following 2 line charts are modified updates of the last 2 charts in my July 30 communication. The modification consists of changing the time spans to cover the 500…

Oct 19, 2003 at 00:00

Nationwide, houses have been going up in price at about the same rate as increases in the money supply...that is, about 8% per year. In certain areas, the increases have…