Friday, July 25, 2014
Some Friday news
Some news right now, some sarcasm later:
Calculated Risk - weekly initial unemployment claims decrease to lowest since 2007. I'm thinking that the included chart suggests that interest rates should be rising by now.
Reformed Borker (Bork Bork Bork!) - is the Fed now underestimating the labour market? For the love of god, Josh, you just can't stop whining about the economy, can you? Speaking of which, get back to printing more Boockvar. I liked him.
Bespoke - every time the market goes up, the bulls vanish. Is lack of bullishness the sign of a bubble?
Mineweb - gold investments fade for rich Indians. Unfortunately Shivom Seth fails to include the proportion of gold buying by the rich in India. That makes this article pretty useless.
Reuters - gold premiums in India drop on weak demand, excess supply. That's not good. Is it something to do with the monsoon, do you think? Or would you rather blame it on wharrgarbl US interest rates wharrgarbl US inflation?