Tag Archives: Campbell Harvey

Roman Centurions and the Price of Gold Today

On August 23, 2011, the price of gold reached $1,913.50. Today the price is $1,450 – a drop of over 25%. What is going on? Why should we care?

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Posted on May 1, 2013 by charvey

The Last Man Standing

Which is a greater force driving volatility: uncertainty about whether the U.S. can get its budget act together or Europe’s future? I would argue that Europe poses a much greater risk — and it is less understood in U.S. markets. … Continue reading →

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Posted on November 18, 2011 by charvey

Hold On!

Campbell Harvey analyzes the recent economic data and what it means for the U.S. longer term economic growth prospects. Continue reading →

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Posted on July 2, 2010 by campbell harvey

The Cult of Bailout

What single word best characterizes policy responses in this on-going financial crisis? “BAILOUT”. It goes something like this. You take a lot of risk and reap lots of rewards (be it in pay, bonus, or social programs). You get into … Continue reading →

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Posted on May 12, 2010 by campbell harvey

Hockey Stick or a Plank?

“Only” 36,000 jobs lost in February. That is relatively good news. The storyline was the following. Given all the snow, we should have lost more jobs. 36,000 was a relatively good number because if there was no snow we would … Continue reading →

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Posted on March 6, 2010 by campbell harvey

Bombs Away

Risk has greatly increased this week. There are two reasons. First, the Euro-bomb could explode anytime. Second, the U.S. government dropped a bomb in telling us that the employment losses during the current recession are far worse than people had … Continue reading →

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Posted on February 6, 2010 by campbell harvey

Cleansing and Reforming our Financial System

Why don’t we just admit that the current financial and regulatory system is dysfunctional? We face two fundamental problems. First, we need to clean the financial system — close weak banks more aggressively, encourage bankruptcies/foreclosures, and free good assets held … Continue reading →

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Posted on January 28, 2010 by campbell harvey

Navigating the Jobs Morass

The economy is in much more serious trouble than news reports, policy makers and pundits might lead you to believe. Continue reading →

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Posted on January 8, 2010 by campbell harvey

Is it sustainable?

There are two key questions: (1) is the improvement in the job picture sustainable and (2) if it is, how long will it take get back where we started in December 2007? While there is considerable disagreement in terms of … Continue reading →

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Posted on December 4, 2009 by campbell harvey

The 10-Handle

Amazing the difference one day makes in the employment outlook. Yesterday, the market shot up because “only” 512,000 applied for initial claims — down from 532,000 the previous week. We saw banners: “Employment Situation Improvement,” “We Have Turned the Corner”, … Continue reading →

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Posted on November 6, 2009 by campbell harvey