A roundup of articles we found interesting this week. Uncertainty Is the Enemy of Recovery, Bill McNabb, Wall Street Journal This Federal Proposal on Car Loans Is a Lemon, John Campbell, Wall Street Journal Health Chaos Ahead, David Brooks, The New York Times Debt and Growth, Review & Outlook, Wall Street Journal The Coming ObamaCare Shock, Daniel Kessler, Wall Street Journal Northeast Gas Poised to Surge on Pipeline Limits, Naureen Malik, Bloomberg … [Read more...]
Archives for May 2013
VIDEO: Gold at $4,000 an Ounce?
Jim Rickards, author of Currency Wars talks about gold's future on CNBC. [expand title="Click here to read more."] [/expand] … [Read more...]
Trend GDP: Ain’t as Good as it Once Was
The initial estimate for first quarter GDP came in at 2.5% which fell short of the 3% projected by economists. When people used to talk about trend GDP it meant 3.5%, then 3%, and now, it’s looking like something else altogether. [expand title="Click here to read more."] From 1950 to 1969 the annualized rate of quarterly real GDP growth averaged 4.4%. In the post-gold standard/pre-internet years from 1970 to 1999 the average was about 3.3%. But since 2000, the average has dropped significantly, to 1.73%. The question is, is this the new normal, and if not, what will get this … [Read more...]