Daily Archives: August 14, 2013

Official GDP for the euro zone showed some modest improvement in the second quarter, posting growth of 0.3 percent (quarter-on quarter) which beat analysts’ estimates in a Reuters poll of 0.2 percent. This was welcome news after a record 6 … Continue reading →

A look at the correlation between real aggregate wage growth and consumer consumption. Here is a direct link. Consumer spending drives 70% of the US economy. And wage growth has historically been highly correlated with consumption rates. Makes sense. Then … Continue reading →

“During a 12-year bull market, the metal was promoted as a hedge against inflation, a store of value and a spectacular investment in its own right, gaining more than sevenfold. Its rise resembled historic moves like the Internet stock bubble … Continue reading →