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