Tuesday, February 23, 2010
China and India Piling Up on Gold -- So What?
China and India piling up on gold? Sure; their reserves increased 76% and 56%, respectively, YoY, as can be seen below. Yet, their reserves are smalls relative to the rest of the world -- Venezuela had as much gold as India until last year!
Railroad Freight
A good macro-economic indicator: railroad freight carloads. Notice how flat the trend was, with very regular but very short end-of-year drops. The drop since end of 08 is a clear indicator of the recession -- perhaps a leading one?
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