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Daily Archives: November 27, 2012
Civil discussion with some of the people behind the parties
John Mauldin interviews Senate Chiefs of Staff Krone and Lehman on the present fiscal impasse and why both sides may be forced into crisis mode in 2013 before they can find their way to consensus.Here is a direct link.
Did Carney short Canada at the top of our credit bubble?
When news broke yesterday that Bank of Canada’s Mark Carney had accepted a position as the Bank of England Governor starting in 2013, my immediate thought was that he had timed this exceptionally well. After 13 years with Goldman Sachs … Continue reading
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New capital goods orders confirm US likely in recession
This morning we learn that US new capital goods orders fell 8.1% year over year for October. As shown below drops of this magnitude occurred in the early stages of the last two US recessions in 2002-03 and 2007-08. Source: … Continue reading
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