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A look back at 2005 (Kash)

…or two even as the economic recovery has gained strength. (I used the average inflation rate over the previous 24 months to proxy for 10-year inflation expectations, and the close…

Capital Spending in the Depression

…things. 1. Corporate profits. 2. Capacity utilization or the GDP gap. 3. Cost of capital and the stock market is a good proxy for that. This is just as true…

Real Manufacturing & Trade Sales

…trade sales includes sales at all three level, manufacturing, wholesale and retail so it is reasonable to think of this as a proxy for real goods GDP. Note that the…

Valuing "Women’s Work"

…spent at paying jobs. Still, as a proxy, you can hire an au pair (maximum 45 hours a week) for about $350/week. Add some incidental costs (car insurance, school costs…

Enlightenment: You and Me and China make Three

…as a sort of proxy for the west in part as Mr. Hutton’s other writings have noted the trends away from enlightenment derived ideology within his country; just not too…

Slow arm of the law

…a small proxy skirmish for Maliki, and a possible wedge to actually gain some independence for the sovereign government. Tactical moves for them, but what of US law and order?…

Crunch time ahead?

…securities through their retail networks, using the prestigious brand name of the bank – e.g. Morgan or Chase – as a proxy for the soundness of the security. It was…

Stealth CEO Compensation and Stock Options

…amount was not mentioned in Denny’s compensation committee report. It was not counted in the company’s summary compensation chart. Only by carefully studying a table, deep in the proxy statement…

Trade and Growth

…interacts a proxy of trade openness with proxies of educational investment, financial depth, inflation stabilization, public infrastructure, governance, labor-market flexibility, ease of firm entry, and ease of firm exit. We…