Howard Marks of Oaktree on the Economy
January 26, 2010
Hedge Fund Manager Howard Marks of Oaktree Capital put out a client memo discussing the economy. The 12-page letter is interesting, but the underlying theme is uncertainty.
The document can be found on the below linked site.
[via Business Insider]
Unemployment and Deflation
October 2, 2009
A flurry of economic data was released this week. Contrary to the recovery that many are talking about, the data is heading in the opposite direction for the most part. We’re seeing some signs of stabilization in some numbers, and actual rebounds in others. Long story short though, no rebound is yet consistent enough to [...]
Read More >>China Calling For New Reserve Currency
March 23, 2009
China today called for the replacement of the US Dollar as a reserve currency. The response is natural as the largest holder of US debt is facing the prospect of the United States spending its way out of recession, and using printing presses to do it. This proposal comes on the heels of another proposal [...]
Read More >>San Francisco Consumer Price Index (CPI) Update
December 23, 2008
December’s CPI number’s are not yet out, but the latest numbers indicate that inflation has turned into deflation as of October. The graph and data indicate YoY (12-month) changes in the inflation rate for the San Francisco Region, Wage Earners and Clerical Workers index. The latest available data indicates an annual rate of increase in [...]
Read More >>San Francisco Bay Area Consumer Price Index (CPI) Up 4.7% Year over Year
August 5, 2008
For the first time since the dot-com era of 1999-2001, inflation rates in the San Francisco Bay Area have increased at more than a 4.5% annualized rate. Many tenants over the past several years have accepted CPI as the determining factor for annual rent escalations. For several years, the CPI method paid off (assuming a [...]
Read More >>Bill Gross Says U.S. Understates Inflation
May 22, 2008
The manager of the world’s largest bond fond, the Pimco Total Return Fund, says that the methodology the United States uses for calculating its inflation rates results in an understatement by roughly 100 basis points. This results in real GDP growth and real bond yields to be off by a similar amount.
If the calculation was [...]
