Wonk trivia

Here is a trivia question.  What has been the average unemployment rate for the Pittsburgh region’s labor market over the last 40 years?

6.6%

That certainly includes some bad times averaged in there, but it also averages in some pretty good times as well.  The question was prompted by the quote in the paper . . . → Read More: Wonk Trivia

Bernanke an economic voice of reason

Reading this opening line from a Seeking Alpha article “Ben Bernanke continues to be one of the only economic voices of reason in the United States” my first thought was the article was humorous. Not so, he is actually serious! It continues:

Gold is economically irrelevant for the following reasons:

1. The pricing mechanism . . . → Read More: Bernanke an Economic Voice of Reason?

Geordie Mark: Growing Prices, Global Demand

How long until the window on rising iron-ore prices closes? Global demand is driving prices higher and shipping costs are at historic lows. But only companies poised to get into production quickly will be able to capitalize. In this exclusive interview with The Gold Report, Geordie Mark, an analyst . . . → Read More: Geordie Mark: Growing Prices, Global Demand

Economic Events on April 28, 2011

At 8:30 AM EDT, the advance GDP report for the first quarter of 2011 will be announced.  The consensus is an increase of 2.0% in real GDP and an increase of 2.2% in the GDP price index.  The real GDP estimate is 1.1% lower than the final value for the fourth quarter of 2010, and the . . . → Read More: Economic Events on April 28, 2011