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[Most Recent Quotes from www.kitco.com]




Recession Dating: Some People Are Going to Be Surprised

Menzie Chinn (December 2nd, 2008) Writes:

The typical Econbrowser reader might not be surprised at the NBER decision -- but some others will. From a May 2008 WSJ article:

"The data are pretty clear that we are not in a recession," Council of Economic Advisers Chairman Edward Lazear told a meeting of editors and reporters from the Wall Street Journal and Dow Jones Newswires.

...

"I would be very surprised if the NBER, looking back at this period, would date this as a recession," Mr. Lazear said. There are even indications that revised first-quarter estimates would be slightly stronger than 0.6%. "The optimists seem to have been closer to right on that than the pessimists," he said.

Just to reiterate, that quote is from May 2008.

Here's a picture of GDP and gross domestic income (as suggested by Jim in this post, and noted in the BCDC announcement).

gdpgdi.gif Figure 1: Gross domestic product (blue), and ...
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Posted in Economics | 1 Comment »

How low, how bad, how long?

Prieur du Plessis (November 11th, 2008) Writes:
11-nov-1d.jpg

A fair bit of deliberation has taken place on this site regarding stock market valuations, and specifically what is in store for the “E” component of PE multiples. In order to cast light on this matter and to incorporate insightful research into the valuation debate, I have obtained republishing permission to share with readers a study just published by John Hussmann*, president of Hussman Investment Trust. His report follows below.

With the S&P 500 down nearly 40% from last year’s highs, and now trading modestly above 10 times last year’s peak earnings level, I continue to view stocks as somewhat undervalued, in that long-term investors can expect the S&P

...
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Posted in Market Commentary | No Comments »

University Endowment Funds List | Resource

Richard C. Wilson (September 24th, 2008) Writes:
University Endowment FundsUniversity Endowment Funds ListUniversity Endowment Funds ListQuick Link: Hedge Fund Marketing GuideYesterday a hedge fund sent me this list of university endowments from Wikipedia and I thought I would share this with others involved in hedge fund marketing and sales.Institution ↓ Endowment (2005)billion USD ↓ Endowment (2006)billion USD ↓ Endowment (2007)billion USD ↓ Amherst College $ 1.155[1] $ 1.337[2] $ 1.662[3] ...
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Tags for this Post:
Amherst College, Baylor College of Medicine, Baylor University, Berea College, Boston, Boston College, Boston University, Brown University, California, California Institute of Technology, Carnegie Mellon University, Case Western Reserve University, Chapel Hill, Columbia, Columbia University, Cornell University, Dartmouth College, Delaware, Duke University, Emory University, Florida, Free Daily, George Washington University, Georgetown, Georgetown University, Grinnell College, Harvard University, Hedge Funds, Illinois, Indiana University, Johns Hopkins University, Kansas, Lehigh University, Massachusetts, Michigan, Michigan State University, Minnesota, Missouri, Nebraska, New York, new york university, North Carolina, Northwestern University, Ohio, Oklahoma, Pennsylvania, Pomona College, Princeton University, Purdue University, Rice University, Rockefeller University, Smith College, Southern Methodist University, St. Louis, Stanford University, Swarthmore College, Syracuse University, Texas, Texas A&M University, Texas Christian University, Tufts University, Tulane University, University Endowment Funds, University of California, University of Chicago, University of Cincinnati, University of Delaware, University of Florida, University of Illinois, University of Kansas, University Of Michigan, University of Minnesota, University of Missouri, University of Nebraska, University of North Carolina, University of Notre Dame, University of Oklahoma, University Of Pennsylvania, University of Pittsburgh, University of Richmond, University of Rochester, University of Southern California, University of Texas, University of Virginia, University Of Washington, University Of Wisconsin, USD, UW Foundation, Vanderbilt University, Virginia, Wake Forest University, Washington University in St. Louis, Wellesley College, Williams College, Wisconsin, Yale University, Yeshiva University

Posted in Hedge Funds | No Comments »

Six Situations to Monitor for the Rest of 2008

Michael Kosares (September 9th, 2008) Writes:

“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation, and empire.”

– William Strauss and Neil Howe, The Fourth Turning, 1997

When IndyMac …

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Posted in Gold Markets | No Comments »


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