Daily Archives: July 31, 2009
The recovery puzzle’s missing piece
Eric Sprott, a veteran fund manager and researcher based in Toronto, believes the buyers are in la-la land when it comes to interpreting economic data emanating from the world’s largest economy. A few of his salient points include: A prolonged … Continue reading
The Dust Hasn’t Settled on Wall Street, but History’s Already Repeating Itself
Buying and selling huge volumes of securities in a matter of seconds is just another high-tech form of speculation that is only remotely connected to the fundamental purpose of financial markets, which is to raise and allocate capital efficiently for … Continue reading
US bowls a tricky ball to markets
Curiously, as Treasuries were rallying, equities on both sides of the Atlantic were capering to almost their highest levels this year. After moves this week, when bond and equity prices fell together, it has led some to ask whether the … Continue reading
Income inequality can rise and fall for all sorts of reasons
Income inequality can rise and fall for all sorts of reasons. Twenty-somethings just starting out and retired seventy-somethings both earn a lot less on average than peak-earning fifty-somethings. As the age profile of the population shifts, income inequality figures shift, … Continue reading →