In my last post I suggested that the reasons why rapid economic growth has not resulted in increased average life satisfaction in China over the last couple of decades have more to do with rising aspirations than with increased income inequality. In this post I want to consider those issues further.
My first point . . . → Read More: Is Economic Growth Causing the Chinese to Become Discontented or Just More Optimistic?
One to bookmark and shove in his face when gold is $5000. From Gold fever looks incurable by Alan Kohler:
But underlying demand is weak and getting weaker, and supply is on the rise – big time.
Gold is the commodity of craziness.
… gold investors are that unique breed of incurable optimists who . . . → Read More: Alan Kohler – Gold Hater
Wednesday saw significant spikes in confidence from four important market groups:
1. The Consumer: On Wednesday the Rasmussen Consumer Index, which measures consumer confidence on a daily basis, rocketed to its highest level in exactly one year.
2. Investors: Also on Wednesday, the Rasmussen Investor Index spiked to its highest level in . . . → Read More: Confidence Spike: Consumers, Small Business, Builders, Investors