Monday, May 1, 2017
still quiet here...
My marks are slowly rolling in. Seems I got an A in political economy, that's nice. I ended with a B+ in advanced macro, and that was mostly cos the prof was generous with me.
I have 6 weeks off to vegetate before doing a summer class, but I'm going to be doing a bit of reading. Right now it's Daron Acemoglu's Why Nations Fail, yet another of those great institutionalist books that nobody in any economics faculty will ever suggest anyone read.
Other reading on deck includes Branko Milanovic, Dani Rodrik, Barry Eichengreen, JK Galbraith and Douglass North (again, great economists who nobody in the faculty will want me to read), a bunch of stuff on China, and a bunch of stuff on history of economics and economic history. Also I have to read a couple textbooks on transportation geography and intro geology to get ready for next year, and maybe install ArcGIS and play with it; I'm also hoping to watch some videos on advanced econometrics and complexity theory.
Oh and do work around the house.
As for gold miners: y'know, there's a big problem with GDX and GDXJ. They've attracted too much money, so they've swamped out their underlyings. HGU.to seems to have diverged massively from GDX because they (as far as I know, you go ahead and check their documentation if you're interested)trade based on options and not based on stocks. If that's so, then the market for gold miners is broken in a microstructure sort of way, and I want to stay out because none of the technical signals can be interpreted properly.
As for the US economy:
New Deal Demoncrat - weekly indicators. Basically everything is fine, except stagnant real wages which ultimately mean the US economy can never grow strongly.
I'll see if I can catch up on the rest of the news in the next few days for you, but right now I'm enjoying not having to work at all.