:: Tuesday, May 22, 2012                                                                                                                   
Latest Blogs
Pittsburgh Scoring Jobs
By Christopher Briem
0 comments»
Some new jobs numbers are out for April. These are the Pittsburgh jobs, not the state data in the news today. Not much change from trend. Region up YOY and for April only below the 2001 über peak that I have argued is a bit anomalous. Maybe we wil....
The Recovery Is an Illusion: John Williams
By The Gold Report
0 comments»
John Williams, author of the ShadowStats.com newsletter, shines light on his interpretations of the GDP, CPI, unemployment and other government statistics in this exclusive Gold Report interview from the recent Recovery Reality Check conference. H....
Manufacturing Jobs
By Simon Grey
0 comments»
It turns out that they’re actually good for workers: On average, hourly wages and salaries for manufacturing jobs were $29.75 an hour in 2010 compared to $27.47 an hour for non-manufacturing jobs. Total hourly compensation, which includes employer-p....
Economic Events on May 21, 2012
By B.P.T.
0 comments»
At 8:30 AM Eastern time, the Chicago Fed National Activity Index for April will be released, providing an update on economic activity and inflationary pressure in the United States.....
Hysteresis and the Pretense of Knowledge
By Simon Grey
0 comments»
More on hysteresis: Imagine having a fever so bad that it permanently raised your body temperature. Now imagine a period of unemployment so bad that it permanently reduces our economy's ability to produce things and employ people. That's hysteresis ....
Afternoon news implosion
By Christopher Briem
0 comments»
So this is ominous via the Atlanta Journal Constitution today: Delta Cutting Staff. If you do not read the tea leaves they don't leave it to the imagination with this quote "Meanwhile, Delta said it plans to further cut back international flight....
Lithium Demand Will Rise Significantly: Mansur Khan
By The Energy Report
0 comments»
Lithium is lightest of all metallic elements, with low density and high electrochemical potential. These are essential characteristics that make the element especially suitable for use in various power-storage applications, including electric ....
Almost, almost, last Maglev post
By Christopher Briem
0 comments»
So I give them credit for tenacity for sure, but the ghost has abandoned ship. The results of the final auction of assets of Maglev Inc. which took place on March 6th have been filed. By news accounts the total public funding into the local high spee....
Finding Opportunity in Silver, the Devil's Metal: Chris Thompson
By The Gold Report
0 comments»
Silver has been called the most volatile of metals. But volatility produces opportunity, according to Chris Thompson, a top-ranked StarMine analyst with Haywood Securities. In this exclusive interview with The Gold Report, Thompson forecasts a str....
Economic Events on May 17, 2012
By B.P.T.
0 comments»
At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 365,000 new jobless claims last week, which would would be 2,000 less than the previous week. At 9:45 AM Eastern time, the....
Bets, bets and more bets
By Christopher Briem
0 comments»
So most skipped over the story of how Neil Bluhm may be buying out the remnant of the late Don Barden's ownership group down at the Rivers Casino. Don Barden had a diverse mix of equity ownership, but it was still highly leveraged and in the end t....
What Lies Ahead for Junior E&Ps: Bruce Edgelow
By The Energy Report
0 comments»
The landscape of the junior oil and gas industry has changed significantly over the last five years. What will the playing field look like five years from now? These are the questions that ATB Financial's Bruce Edgelow will discuss at his upcomin....
On Its Dying Breath
By Simon Grey
0 comments»
Here’s another sign that the United States are toast: Mr. Saverin, who now lives in Singapore, decided last year to renounce his U.S. citizenship, a decision that was made public a few days ago. The move sparked an outcry among some tax experts who ....
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Most Commented
GOLD STANDARD ... DEBUNKED OR ANOTHER BUBBLE?
By Stephan Zimmermann
43 comments»
The financial liquidity crisis is in full swing around the world. It is no wonder that experts and novices alike seek ways and means to prevent a future recurrence. Many different solutions are enacted and proposed. All of them center on wealth and m....
Missing The Obvious
By Dan McLaughlin
43 comments»
I recently heard a very knowledgeable, influential person talking about the future. He had many insights that were helpful and valid. His economic views, however were quite disturbing. He made a comment to the effect that capitalism is immoral. He po....
Why Software Piracy Isn't Theft
By Bhagwad Jal Park
33 comments»
In an earlier article of mine on the dependance of Windows on Piracy, I promised a discussion on whether or not software piracy should be considered as theft. Well, here we are, and I would like to demonstrate how piracy is not theft. To start of wi....
Why I want to get out of America as fast as I can
By Bhagwad Jal Park
30 comments»
I arrived in the United States a few months ago with my wife. It was my first time to America, and I was looking forward to experiencing new things and enjoying myself. However, I am becoming aware that far from being everything that America is hyped....
The End Of Fractional Reserve Banking?
By Dan McLaughlin
28 comments»
United States Treasury Notes were recently auctioned off for a yield of 0%. That means that very smart people running mutual funds, brokerage houses and other very large organizations were willing to invest lots of money and get nothing in return ot....
Got an Economics Question?
By Stephan Zimmermann
22 comments»
The Internet, television, and magazines or newspapers are full of features concerning economics. So is Amateur Economists. The gamut runs from economic philosophy to politics to econometrics and more. Readers have many questions. Undoubtedly, you w....
Inflation, Deflation, Recession
By Norbert Haag
18 comments»
We all know what inflation is, don't we? Sure, we know, it is rising prices. Is it? Why? What is the reason for higher prices? And, more important, do the prices really rise? Compared to what? Have I confused you? Good. Time to talk a bit about the ....
A World Without the Fed: Why Opposition to the Central Bank is Growing
By J.D. Seagraves
18 comments»
“How is the Fed’s performance in the present economy,” asks The Citizen Economists’ Poll. “They’re doing excellent,” say a sarcastic and/or deranged 5 percent of respondents. Twenty-one percent say they’re “doing okay,” and another 12 percent say “pr....
 
 
The Citizen Economists Poll
Q.
Should the U.S. government require every citizen to have health insurance?
Yes
No