All That Glitters Is Silver

With industrial demand almost exclusively driving the price of silver for years, investing in the white metal used to be simpler. Now investment demand is competing with practical demand to push silver prices ever higher. Investor interest in silver from large U.S. funds could result in as many as 60 new silver plays entering . . . → Read More: All That Glitters Is Silver

Austrian Tautologies: Altruism

Here’s a fun argument:

As far as I can tell, we are left exactly where we were after that first essay. No altruism to be found. If you made a “sacrifice” it was, by direct virtue of your action, “worth it to you” (at the time of the action) or you would not have . . . → Read More: Austrian Tautologies: Altruism

Can behavioural economics help markets to work better?

In his book, ‘The Upside of Irrationality’, Dan Ariely claims to have identified a market failure in the online introductions market. He refers to a survey indicating that people participating in that market spent on average 5.2 hours per week searching profiles and 6.7 hours per week emailing potential partners for a payoff . . . → Read More: Can Behavioral Economics Help Markets to Work Better?

Economic Events on March 31, 2011

The Monster Employment Index for March was released today, and the index moved up 7 points to a value of 136, which is 8.8% higher than last March’s value.

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 380,000 new jobless claims last . . . → Read More: Economic Events on March 31, 2011

Capitalism, Socialism, and Scalability

Jason Brennan considers an analogy:

Cohen’s book proceeds as follows. First, he has us imagine a camping trip among friends. Food and goods are shared freely. Everyone abides by (purportedly) socialist principles of community and equality. Everyone does his part. No one takes advantage of anyone else. No one free rides. Everyone contributes. Everyone . . . → Read More: Capitalism, Socialism, and Scalability

Neal Dingmann: Genuine Growth Still Lives in E&Ps

Investors can still find options with the right mix in the natural gas markets, according to Analyst Neal Dingmann of SunTrust Robinson Humphrey. Read why he recommends small and large—even international—companies in this exclusive interview with The Energy Report.

The Energy Report: Are you bullish on companies that have exposure to natural gas?

Neal . . . → Read More: Neal Dingmann: Genuine Growth Still Lives in E&Ps

Economic Events on March 30, 2011

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 1.7% in the Purchase Index and a week to week decrease of 10.1% in the Refinance Index.

The Challenger Job-Cut Report will be released at 7:30 AM EDT, providing an estimate of the . . . → Read More: Economic Events on March 30, 2011

Jason Hamlin: Paradigm Shift

As an investor, sometimes the best action you can take is no action. Jason Hamlin of the Gold Stock Bull newsletter didn’t start snapping up stocks on news of disaster in Japan and military attacks in Libya. In this exclusive interview with The Gold Report, Jason tells why he’s holding his ground, how macro . . . → Read More: Jason Hamlin: Paradigm Shift

A Modest Proposal

This will make more sense once my next IMF post is published, but I propose eliminating the corporate taxes. I say this because as I was completing my tax return, I took a look at the handy revenue chart the IRS placed in the instruction booklet. I saw two things that really intrigued me. . . . → Read More: A Modest Proposal

Economic Events on March 29, 2011

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM EDT, the monthly S&P/Case-Shiller home . . . → Read More: Economic Events on March 29, 2011