Lighthouse Investment Management

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Month: December 2012

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  • Macro Report – December 2012: 11% recession probability

    Alexander Gloy

    Please find our December Macro Report here

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  • Monetary Policy – The N-Word

    Alexander Gloy

    In this excerpt from the December 2012 “Letter to Investors” we look at what looms when the Federal Reserve will embrace nominal-GDP targeting, possibly as early as 2013: Monetary Policy – The N-Word

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  • GDP – A Primer

    Alexander Gloy

    “GDP is one of the most comprehensive and closely watched economic statistics: It is used by the White House and Congress to prepare the Federal budget, by the Federal Reserve to formulate monetary policy, by Wall Street as an indicator of economic activity, and by the business community to prepare forecasts of economic performance that…

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  • Sales of American Eagle gold coins surge at the US Mint

    Alexander Gloy

    We track gold and silver Eagle sales on a daily basis at the US Mint The recent surge in gold Eagle sales in unprecedented (our daily records covering 2012) What is even more puzzling: “uncirculated” gold Eagles are sold out at the Mint (but, of course, available at many coin dealers for around $1,800). Nevertheless,…

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