A primer on fiscal cliff
Posted in fiscal policy, US on November 7th, 2012 by Paul Deng – Be the first to commentWith Obama reelected, the question of “fiscal cliff” is back to the spotlight. Here is a nice video introduction of the issue from WSJ:
US
2011: A year of tumult
Posted in stock market, US on December 30th, 2011 by Paul Deng – Be the first to comment2011 will go down in history as one of the most volatile years for the stock market: The Dow Jones Industrial Average swung 100-plus-points from open to close more than 100 times.
Market timing became extremely difficult, especially after July. The best strategy should be just staying put, holding cash. You do better by doing nothing.
This chart gives you a nice illustration of what we have been through:
Leading indicator shows chance of ‘double dip’
Posted in Recession, US on February 19th, 2010 by Paul Deng – Be the first to commentFollowing the sign of double-dip in housing market, the Leading Economic Indicator (or LEI) shows double-dip scenario is close to reality.
(click to enlarge; graph courtesy of SocGen)
Paul Volcker on prop trading restrction
Posted in banking, US on February 4th, 2010 by Paul Deng – Be the first to commentHow strong is economic recovery?
Posted in Recession, recovery, US on January 31st, 2010 by Paul Deng – Be the first to commentAnalysis of Q4 GDP growth number.
Most growth came from inventory re-building.
Interview of John Silvia, chief economist at former Wachovia, and now part of Wells Fargo. In my book, John has been an very accurate macro forecaster.
