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Do you agree with me that inflation has not been a problem lately? Or, do you agree with those who say it has? It depends on what you mean by lately. The difference between inflation in recent months and inflation year to date has been wider than usual this past year, but that’s changing.

Price declines in the fourth quarter of 2008 have been in the year-to-date numbers for about a year now, pulling them down. The year-to-date November numbers for the CPI and PPI reported this week … [visit site to read more]

NEW YORK, Dec 18 (Reuters) – A weekly measure of future U.S. economic growth continued to rise, reaching levels hit in the summer of 2008, while its yearly growth rate climbed toward recent record levels, a research group said on Friday, saying this reaffirmed its forecasts of smooth recovery into 2010. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 130.7 in the week ended Dec. 11 from an upwardly revised … [visit site to read more]

The Copenhagen climate talks veered from the farcical to irrelevant this week with leaders from the 193 attending nations discussing ill-thought out plans to reduce global temperatures by 2050.

The UN agenda aims to reduce carbon dioxide emissions over the next 40 years in the hope that temperatures would moderate to no more than 2 degrees Celsius higher than pre-industrial levels.

The Danish capital also suffered other vague discussions designed to tackle global warming including … [visit site to read more]

Well, as predicted with perfect accuracy here on Thursday, the climate change conference has not proved to be a success.

For the most part it appears that China played a very tough game with the US and led the poorer world astray. Now we have a ’starting position’ for the next talks. All very predictable so far.

The idea of the bigger countries doing a deal though is a sound one. The idea that everyone has to buy in is madness.

Why try and get mad Hugo Chavez on board? There is … [visit site to read more]

NEW YORK (August 7, 2009) – As Wall Street still wobbles under the pressure of a weak economy, one New York asset class stands firmly on all four wheels. Taxi medallions – required licenses fastened to the hoods of all New York City yellow cabs – have rocketed in value at a time when many investments have plummeted. The average rate in July for a corporate-licensed taxi medallion in the Big Apple was a record $766,000 – up 126% from $339,000 in 2004.

“It’s an industry that has … [visit site to read more]

NEW YORK (August 7, 2009) – As Wall Street still wobbles under the pressure of a weak economy, one New York asset class stands firmly on all four wheels. Taxi medallions – required licenses fastened to the hoods of all New York City yellow cabs – have rocketed in value at a time when many investments have plummeted. The average rate in July for a corporate-licensed taxi medallion in the Big Apple was a record $766,000 – up 126% from $339,000 in 2004.

“It’s an industry that has … [visit site to read more]

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

Mark Hulbert (MarketWatch): The golden detour: Contrarians still cautious about gold, December 18, 2009.
Gold timers’ behavior this week leads contrarians to conclude that gold’s correction is not yet over.
Gillian Tett (Financial Times): Secrets strengthen case for CDS exchange, December 17, 2009.
Until recently, not many western politicians – let alone those … [visit site to read more]