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

Other Alpha Sources

I am not sure I buy the story that if China allowed its currency to appreciate all the world’s problems would be brushed away in one clean stroke. But I concur that the appreciation of China’s currency and indeed that of many of the big emerging markets primarily against the USD would certainly help. . . . → Read More: Other Alpha Sources for February 22, 2011

Daily ranking:

Say it ain’t so….

Folks are not supposed to beat me to this, but the Economist has again ranked Pittsburgh higher than any other US region for livability.  You can read more on our sustained ascendancy from the Huffington Post.

The UK’s Daily Mail has the best headline though.  They literally say:  It’s official: . . . → Read More: Daily Ranking: “Even beats Honolulu”

Economic Events on February 22, 2011

At 9:00 AM EST, the monthly S&P/Case-Shiller home price index report will be released.  Given that most economists don’t expect the overall U.S. economy to improve until housing prices end their decline, the market will be watching this number closely.

At 10:00 AM EST, the monthly report on Consumer Confidence for February will be . . . → Read More: Economic Events on February 22, 2011

Takeover Talk with Michael Fowler

Michael Fowler is a senior mining analyst with Loewen, Ondaatje, McCutcheon in Toronto and he was more than willing to speculate on potential takeovers in this exclusive interview with The Gold Report. “All of these gold producers are going to be active in the mergers and acquisitions (M&A) market. They are going to acquire . . . → Read More: Takeover Talk with Michael Fowler

Interesting readings

My collection of links on the transition at SEBI from C. B. Bhave to U. K. Sinha.

How India’s banks killed the future of commerce on the Cleartrip blog.

The defining problem of the Indian State is the tension between spending on program that benefit the few (e.g. the typical UPA welfare . . . → Read More: Interesting Readings for February 21, 2011

The energy story of the year!

Maybe it will be coal?  Yeah, coal.

You would be surprised what my regular reading list includes, but PilotOnline has a story today:  Coal ships create a traffic jam on Hampton Roads waters.Where is all the coal being loaded in Hampton Roads coming from? I once had to inspect a coal ship loading down there… in . . . → Read More: The Energy Story of the Year!

The State of Unemployment

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