Arms Races and Sales and Sunday Reading…
"Demand for big-ticket U.S. weapons is expected to stay strong for at least the next few years, the trade group said in a 2012 year-end...
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Health Care Thoughts: Electronic Medical Record Meltdown
In the past I have predicted the EMR focus of the Obama administration might not work as well as intended. Sadly, and many billions of...
That Weird Public/Private Hybrid Entity We Call The Federal Reserve….
What is the Federal Reserve? Is it a public entity that works for the government? Or is it a private entity that works for the...
Those Failing Analysts
This is a great chart from Ed Yardeni. It shows a 20 year history of analyst’s estimates and how poorly the estimates have held up...
The Disappearing Volume
It is time to review some ancient stock market jargon, in order to understand the principle of the disappearing market volume. A “lot” is 100...
Record Cold Threatens China’s Food Supply, Could Sow Riots
Winters seem to be growing gradually warmer in the United States but on the other side of the world China is struggling amidst the coldest...
Japan: More Questions Than Answers
Paul Krugman has done a series of posts suggesting that recent policy announcements in Japan may have led to dramatically higher inflation expectations, and much...
Mutual Funds: The Biggest Capital Inflows in 11 Years
This past week saw the biggest capital inflows into mutual funds in 11 years. Mutual funds are the most commonly used investment vehicles of the...
Charts of the EUR-JPY: Is a Large Correction Inevitable?
In the past few weeks, the EUR-JPY became one of, if not the most dynamic currency pair among the majors. Combination of strength in the...
Gasoline Prices Up Recently, Expected to be Lower Than in 2012
Another update on gasoline prices. From the EIA (Energy Information Administration): EIA expects that the Brent crude oil spot price, which averaged $112 per barrel...