The Women Workers of Pittsburgh

Not surprisingly I caught the headline in the PG looking at some national numbers on the labor force: Women lost more jobs in economic recovery.

What was that “except in Pittsburgh” thing?

Some years ago we looked as comprehensively as we could at the impact of gender in the history of Pittsburgh’s labor . . . → Read More: The Women Workers of Pittsburgh

David Skarica: Emerging Markets on Upswing

Gold is in the midst of a 20-year upward climb, according to The Great Super Cycle Author David Skarica. In this exclusive interview with The Gold Report, he points out the emerging market small caps that could profit from global economic swings.

The Gold Report: In a February interview with The Gold Report, . . . → Read More: David Skarica: Emerging Markets on Upswing

Has preventative health care become code for paternalism?

‘The Taskforce says that prevention is everyone’s business – and we call on the state, territory and local governments, on non-government and peak organisations, health professionals and practitioners, communities, families and on individuals to contribute towards making Australia the healthiest country by 2020.’ (Extract from ‘Taking Preventative Action’, the federal government’s response to the . . . → Read More: Has preventative health care become code for paternalism?

Economic Events on May 31, 2011

At 9:00 AM EDT, 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 9:45 AM EDT, the Chicago PMI Index for May will be announced.  The . . . → Read More: Economic Events on May 31, 2011

Using Google Search to Measure Unemployment

So, this is cool. As reported in the Freakonomics blog, Google has a feature that allows users to correlate public patterns with search term usage. You supply data, such as initial unemployment claims, and Google will evaluate which search phrases best correlate with the data provided. Justin Wolfers reports,

I fed in the weekly . . . → Read More: Using Google Search to Measure Unemployment

Siddharth Rajeev: Bullish on Small-Cap Commodities

Siddharth “Sid” Rajeev isn’t a miner. But in his search for value, Sid, head of research for Fundamental Research Corp. in Vancouver, digs deep into the world of small- and micro-cap stocks to find undiscovered gems. In this exclusive interview with The Energy Report, Sid drills down on some relatively unknown resource stocks . . . → Read More: Siddharth Rajeev: Bullish on Small-Cap Commodities

What's a decimal point worth?

Not new, but from Zillow and via Calculated Risk is a table of negative equity in the largest real estate markets in the US.

Phoenix: 68% of all mortgages are ‘under water’ calculated as the percentage of single family homes with mortgages where the equity value less than current market value.

Pittsburgh: 6.8%.

The disparity . . . → Read More: What’s a decimal point worth?

Recruiting the right MD for the IMF

The recruitment of the IMF MD has turned into quite a controversy. For an interesting set of views, see this page on the website of The Economist. In a remarkable development, the EDs of India, China, Russia, Brazil and South Africa came out with a clear joint statement on the silliness that is afoot.

. . . → Read More: Recruiting the right MD for the IMF

Economic Events on May 27, 2011

At 8:30 AM EDT, the monthly Personal Income and Outlays report for April will be released. The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.4%.

At 9:55 AM EDT, Consumer Sentiment for the second half of May . . . → Read More: Economic Events on May 27, 2011

We are flies in a bullion bank web

I left this comment on the FOFOA blog:

Your point about bullion banks having the best intel is important. Bullion banks are like spiders in the center of a web. They can feel the twitching of the flies in the web and determine the mood of the market better than anyone else and often . . . → Read More: We Are Flies in a Bullion Bank Web