Economic growth in eurozone impossible without break-up – Wolfson Prize winner

 EmailPrint This Post Print This Post

In this video clip, Russia Today’s Laura Smith interviews economist Roger Bootle, who won the £250,000 Wolfson Prize for developing a practical plan to dissolve the Eurozone.

Please click here for a full transcript of the interview.

Source: YouTube, August 7, 2012.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Laugh out Loud: The Vixen Index (and other recession indicators)

 EmailPrint This Post Print This Post

If there is anything that economists like better than a new way to make an old argument, I would not know what it would be. We dearly love some new method or measure – even the weird ones. Here are three additional signs that the economy is not in the greatest position – as if you had not figured that out for yourself.

First there is the Vixen Index (sometimes referred to as the Hot Waitress Index). The premise is that attractive young women have more job options in a vibrant economy as they will likely find positions in companies wishing to show off. When the job market is tight they have fewer of these options and end up working in bars and restaurants. Don’t laugh – this index was developed almost 20 years ago and tends to track employment numbers accurately.

Next up is the Lawn Index. It seems that a nice green lawn has become pretty costly in the middle of a massive drought. It can only be accomplished with significant investment in water. Restrictions on watering aside, the cost of that endeavor is getting steep and there are far more brown lawns than there were a few years ago. You really know that recession has set in when you see suburban homeowners turning their lawns over to the neighborhood ranchers for grazing cattle.

Finally there is the Allowance Index. It seems that allowances hit an all-time high in the middle of the last decade – an average of 25 dollars a week for kids under the age of 12. Now that allowance has crashed and is less than $10. One does not know whether the little darlings have lost any further subsidy, but their cash income has slipped a lot.

Source: Unknown (hat tip: Erica Davey).

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Prieur’s Readings (August 8, 2012) – subscribe to free paper

 EmailPrint This Post Print This Post

As part of my daily routine, I publish all my reading (including snippets from other well-known commentators) in an Internet newspaper, “Investment Postcards Daily”. I publish the paper even when traveling for extended periods when blogging takes a backseat, like over the past two months. This is therefore a sure way of staying in touch.

The paper is published additionally to the normal blog posts. Click here to read the latest edition of the paper.

The newspaper’s subscription is separate from that of the “Investment Postcards from Cape Town” blog. To ensure you receive daily alerts of the updated paper, click here and then subscribe for free by clicking on “Subscribe” (top right of newspaper, just below my photo) or by following me on twitter (click here).

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Prieur’s Readings (August 6, 2012) – subscribe to free paper

 EmailPrint This Post Print This Post

As part of my daily routine, I publish all my reading (including snippets from other well-known commentators) in an Internet newspaper, “Investment Postcards Daily”. I publish the paper even when traveling for extended periods when blogging takes a backseat, like over the past two months. This is therefore a sure way of staying in touch.

The paper is published additionally to the normal blog posts. Click here to read the latest edition of the paper.

The newspaper’s subscription is separate from that of the “Investment Postcards from Cape Town” blog. To ensure you receive daily alerts of the updated paper, click here and then subscribe for free by clicking on “Subscribe” (top right of newspaper, just below my photo) or by following me on twitter (click here).

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

U.S. stock market – long-term indicators favor bulls

 EmailPrint This Post Print This Post

I published a post yesterday on the short-term technical outlook of the U.S. benchmark S&P 500 Index, referring to conflicting indicators but stating that the rally could have more legs. When the message of the short-term charts is murky, it is often useful also to consult long-term indicators to provide some guidance.

Let’s consider, by means of example, monthly data for the S&P 500. A simple 12-month rate of change, or ROC, indicator seems to pick up the major turning points quite well. Let me say straightaway that monthly indicators are of little help when it comes to market timing, but they do come in handy for defining the primary trend. The ROC line below zero depicted bear trends quite clearly, as in 1990 (not shown), 1994, 2000 to 2003, and from 2007 to March 2009. Right now, the ROC line is “safely” in positive territory after threatening to breach the zero line in June.

The combination of a series of higher lows (i.e. rising bottoms) and positive longer-term momentum probably gives the bulls the benefit of the doubt, but needless to say I will be watching this space quite closely.

Source: StockCharts.com

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Laugh out Loud: Wall Street Candy Land

 EmailPrint This Post Print This Post

Source: The Williambanza17blog, September 22, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

February 2019
MTWTFSS
« Jan  
 123
45678910
11121314151617
18192021222324
25262728 

Feed the Bull