Jittery regimes fix prices

The puzzle

All of us are now curiously thinking about the abrupt phase transition that seems to sometimes occur in the endgame of an authoritarian regime. The traditional script was: The people rise up to rebel and the strongman murders them.

When the USSR collapsed, we thought it was special: it was a . . . → Read More: Jittery Regimes Fix Prices

John McIlveen: Alt Energy Is Still at Value Levels

Alternative energy is a catchall axiom referring to any source of power generation and use that can replace fossil fuels, including nuclear, solar, wind and geothermal. Humankind will by necessity adopt renewable energy sources but, like all disruptive ideas, acceptance is preceded by doubt and hesitation, resolution of which comes only after systemic shocks . . . → Read More: John McIlveen: Alt Energy Is Still at Value Levels

Economic Events on February 23, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EST, and there was a week to week increase of 5.1% in the Purchase Index and a week to week increase of 17.8% in the Refinance Index.

At 7:45 AM EST, the weekly ICSC-Goldman Store Sales report will be released, giving an update . . . → Read More: Economic Events on February 23, 2011