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Gold market and precious metals

Economists as medics

I got some stick on twitter the other day for my (longstanding) view that economics is in many respects like medicine. It is of course not exactly like medicine: as the mansaid, economics is an inexact and separate science. But think about what most doctors spend their time doing. They are in the business of problem solving in a highly uncertain environment in which they only have a limited number of clues to go on. They have...

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The Best of the Aleph Blog, Part 29

Photo Credit: Hanan Cohen || Anyone need a copy?===============================In my view, these were my best posts written between February and April 2014:On the Structure of Berkshire HathawayOn the Structure of Berkshire Hathaway, Part 2, the Harney Investment TrustThis set of posts is unique in going through how the insurance entities of Berkshire Hathaway allow Buffett to hold as much as he does of his stocks/...

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Global surveys or hard data – which are the fake news?

In this month’s regular update on global economic activity, the Fulcrum nowcasts have once again identified extremely strong growth rates, especially in the advanced economies. These results continue to suggest that the global economy is expanding at the fastest rate seen since 2010, with the implication that the expansion may be reaching escape velocity, where it is no longer in need of emergency support from the central banks or fiscal authorities...

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Gold Slightly Lower After US GDP Beats Forecast in Q4

The gold market continues to attract some profit taking, seeing muted reaction following stronger than expected 2016 fourth quarter gross domestic product data. Thursday, the Department of Commerce said in its final estimate that fourth-quarter U.S. gross domestic product expanded by 2.1% in the fourth quarter, up from the previous estimate of 1.9%, and down from 3.5% growth reported in the third quarter. The data was slightly better than expected as Economists were forecasting growth ...

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The Best of the Aleph Blog, Part 26

Photo Credit: richard winchell  || No, don’t study the Kabbalah…To my readers, for a little while, I am going to be doing some “best of” posts along with some smaller articles.  You should see eleven “best of” articles before this is done.  If this bugs you, just turn me off for a little while.  These articles are important, because there are some re-publishers ...

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