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July 8, 2009

The Monkey Multiplier

This is Mark Dow. Brad is still away. There has been a lot of response to the assertion I made the other day that base money has not been growing since December, and that the money multiplier is not…

The M2 Money Multiplier vs Base Money, last 16 months

July 7, 2009

Muito Forte

This is Mark Dow here. Brad’s still on vacation. Here’s a quick chart  for anyone questioning the conditional convergence growth hypothesis in emerging markets. In English, the hypothesis loosely p…

Brazilian vehicle sales vs US vehicle sales, 2001-2009, normalized

June 12, 2024

Latin America
Latin America’s Big Opportunity

Over the last three decades, economic growth in Central Europe, East and Central Asia, Southeast Asia, and Sub-Saharan Africa has outpaced growth in Latin America, where most economies have actually …

An aerial view of the brine pools and processing areas of the Soquimich lithium mine on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile, January 10, 2013.

July 9, 2009

The lunch may be free, but how much is it worth?

This is Mark Dow. Brad is still away. Diversification is the only free lunch in investing. But the way many investment managers sing its praises, one can’t help but wonder if its value is overstated…

Brazilian Real vs Turkish Lira, over the past year

July 15, 2009

Nothing brings out buyers like higher prices, and other short stories

This post is by Mark Dow DXY, a dollar index, looks like it has started to break down. At my firm, Pharo, we have been whispering on the trading desk over the last two days that this was looking inc…

DXY, last 12 months

May 28, 2024

Elections and Voting
Ailing Democracy and Declining Women’s Representation: How They Are Related and What to Do About It

Annual reports on the health of democracy this year reaffirmed an ongoing trend of decline, which has occurred alongside a less heralded but related stalling of women’s political participation. Given…

A woman leaves after casting her vote at a polling station during the sixth phase of the general election, in New Delhi, India, May 25, 2024.