In your opinion, what does this blog need more of?

Wednesday, March 18, 2015

Morning news

Not much worth reading til the Götterdämmerung this afternoon, but here's what I've scraped off the floor in the past 24 hours:

New Deal Demoncrat - US consumer prices may have dropped by 1.2% in Feb. He notes this means that real retail sales actually went up 0.4% in Feb. Which, well, I still can't see how unadjusted sales being down is still a good thing.

Reuters - German union calls for higher public sector wages. Which is what they need to be given, and quickly, in order to fight deflation and constructively balance productivity across Europe.

Reuters - Indian CAD below 1% in 2015 says Jaitley. So that'll reduce pressure on the government to crush gold imports. Yay oil! - top gold producer's margins are getting squeezed. Here's a chart of "all-in sustaining costs":

Now tell me how gold's price can drop below $1000 and we'll still have gold being produced.

No comments:

Post a Comment