News & Blogs

Greece Is the Word

Written by David Allan Many of you may have heard about this summer’s revival of the 1970’s musical “Greece” by the European Community Theatre.  While this production, like most community theatre, lacks the polish of a Broadway or West End show, it has received so much media and internet attention that a review of the show seems an appropriate choice for my first blog on the TAO Asset Management site. First off, I need to admit that I have not seen the show live.  However, the media has been so inundated with snippets that I feel unexpectedly qualified to provide […]

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U.S. Employment Data Mixed

The 288,000 gain in employment in the U.S. was the biggest since January 2012 and followed a revised 203,000 increase the prior month that was stronger than initially estimated, Labor Department figures showed today. The median forecast in a Bloomberg survey of economists called for a 218,000 advance. Unemployment dropped from 6.7 percent to the lowest level since September 2008 as fewer people entered the labor force. Wages and hours worked were stagnant.  More concerning, participation levels declined dramatically. Once again, we are reminded of statistical biases in Labor Market Statistics in the U.S., as provided by the Department of […]

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Mapping the World’s Prices 2014 – Deutsche Bank Report

One of my favorite research reports is the Deutsche Bank annual survey of global prices relative to the U.S.  . Just like the previous editions, it is a comprehensive overview of prices and price indices of a wide array of goods and services from around the world.  In order to ensure that prices in USD are comparable across countries, they do a great job of using products that are standard across countries or have close substitutes. As in previous years, Australia is overall the most expensive major economy while the United States is still generally one of the cheapest developed […]

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