Friday, September 20, 2013

Apple continues to innovate

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On Wednesday I joined millions of people in downloading Apple's new and greatly improved operating system for mobile devices, iOS 7. Aft...
Thursday, September 19, 2013

Jobless claims are very low, what's lacking is new hiring

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The number of first-time claims for unemployment has been artificially depressed in recent weeks due to computer system overhauls in two sta...
Tuesday, September 17, 2013

How much higher should interest rates be?

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We're leaving paradise today, so in the absence of time I offer this chart which makes a statement about the level of inflation and inte...
Monday, September 16, 2013

Demand for safe assets beginning to decline

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I first introduced this chart a few months ago . I think it's a good way to track the world's demand for safe assets. Gold is the cl...
Sunday, September 15, 2013

The unhurried way of life

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This is the reason that blogging has been light this past week. We're at our favorite spot in paradise: the Napili Kai Beach Resort in ...
Thursday, September 12, 2013

The incredible shrinking budget deficit

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Since hitting a high of $1.478 trillion in February 2010, the U.S. federal budget deficit has plunged by 54% to a new, post-recession low of...
Monday, September 9, 2013

The message of rising yields is very good

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Over the past year, both Treasury yields and stocks have risen significantly, and therein lie some important messages. One, that the Fed...