20 October 2013
The 2013 Nobel Prize for Economics has been awarded to Eugene Fama, Lars Hansen and Robert Shiller for laying "the foundation for the current understanding of asset prices".
On a lark I have drawn graphs showing the relation between Corrected Money Supply (for the benefit of those who haven't read my book it is Seasonally Adjusted M1 plus Sweeps minus Seasonally Adjusted Personal Savings) and the S&P 500 for 1961-70, 1971-80, 1981-90, 1991-2000 and 2001-August 2013 (the latest month for which data are available). The amazing correlation surprised even me. There are periods e.g. 2001 and 2002 when Corrected Money Supply rises but the S&P falls. But as the last graph shows that was the period during which the Case Shiller 20 City Home Price Index kept rising. Conversely, this index fell from 2010 to 2012 when the S&P kept rising in tune with increasing money.
Readers may notice that the Corrected Money Supply graphs differ from those in the past. That is because the Fed has reworked a lot of data series right back to 1929.
17 July 2013
Below is a graph showing GDP growth rates of major countries around the world in 2012. The data is from Wikipedia
Mauni Baba does not seem to have done too badly after all.
03 July 2013
Below are graphs for Corrected Money Supply (explained in my book) and a newer one, Seasonally adjusted M1 + Sweeps - Business Loans of all commercial banks in the US.
01 May 2013
The drumstick tree's leaves are its most nutritious part. See Drumstick at Wikipedia. They are particularly rich in Vitamin A, calcium, potassium, protein, apart from several other micronutrients. The leaves are commonly used in Indian recipes, particularly in the south. They are usually used whole or chopped. But one disadvantage is that they tend to clump together.
Recently, my wife Susan Mathius made two dishes which I couldn't find on the Internet: Moringa Paneer and Moringa Soup.
In both cases, the leaves are not used whole but scalded and pureed in a blender in the same way that spinach is used in Palak Paneer.
Here are the recipes.
1. Drumstick Leaf Paneer Curry
Paneer: 200 gms
Drumstick leaves: 2 cups
Onion chopped: 1 medium sized
Green chillies: 2
Garlic: 5 pods
Lime Juice: 2 tablespoons
Cut Paneer into cubes and shallow fry it and keep aside.
Boil drumstick leaves in a vessel for few minutes. Add salt. Let it cool for a while. Blend it in a blender and keep aside.
Put oil in vessel. Add chopped onions and fry for 3 minutes.
Add chopped garlic and fry for a minute. Add green chillies and fry for a while.
Add pureed drumstick leaves and let simmer for 2 to 3 minutes. Add fried paneer and salt to it.
Transfer it to a serving bowl and add lime juice.
2. Drumstick Leaf SoupDrumstick leaves: 2 cups
Boil drumstick leaves with 2 cups of water, garlic and green chillies for few minutes. Add salt and keep aside.
Blanch tomatoes and remove the skin.
Blend the drumstick leaves and the tomatoes in a blender. Heat the pureed drumstick leaves and tomatoes for 3-5 minutes.
Serve hot. Add salt and/or pepper if required.
04 January 2013
This is what I said in November 2011: "I shall therefore go out on a limb and predict that in December 2012 the S&P 500 will touch 800."
On 31 December 2012 the S&P 500 closed at 1407.
Famous last words!