Monthly Archives: November 2011

Supply-side economics in a nutshell

The entire supply-side complex is philosophically derived from Jean-Baptiste Say’s philosophy: It is worthwhile to remark that a product is no sooner created than it, from that instant, affords a market for other products to the full extent of its … Continue reading

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Shorting Euros is a bad way to play the credit crisis

Whatever your views on the long-term viability of the Euro as a currency, it presents far less attractive & obvious shorting opportunity for hedging the European volatility than it may appear on the surface. Examples of previous acute credit crises … Continue reading

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Your daily dose of optimism

To contrast the gloom & doom from most other market commentary & news, here is your daily dose of optimism. Let’s start with the Senior Loan Officer Survey: Banks are reporting that, for the first time since 2005, they are … Continue reading

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Non-farm Payroll Friday Preview

We’re pretty optimistic about tomorrow’s numbers.  Though sometimes wildly unpredictable and volatile, the trend is very clearly intact, and leading the pack is the best real-time leading economic indicator:  claims. Of course, jobs are about supply and demand.  Claims only … Continue reading

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