Systemic Uncertainty

Thomas Sowell explains why the recovery is delayed:

That is a big part of the problem. It is not politically possible for either the Federal Reserve or the Obama administration to leave the economy alone and let it recover on its own.

Both are under pressure to “do something.” If one thing doesn’t work, . . . → Read More: Systemic Uncertainty

How big is big?

It may be hard to appreciate the story in the news of Chevron leasing 228 thousand acres of land for Marcellus Shale development in the state.  How much is that?  By my calculation it looks like the area in red in the graphic below, compared to the footprint of the entire city of Pittsburgh.

Someone . . . → Read More: How Big is Big?


Apparently, Bernanke is just now learning the purpose of having a national bank:

Federal Reserve Chairman Ben Bernanke said Thursday the central bank was already moving forward with its new mandate to promote broad financial stability in the wake of financial oversight reform legislation that instructed it to do so.

The Fed “has restructured . . . → Read More: New?

Richard Kelertas: Potash Prices Headed to $750?

With rising global demand for food comes escalating cash flows that enable farmers to purchase additional fertilizers to further boost yields. Dundee Securities Senior Analyst Richard Kelertas follows junior potash explorers that have been red hot for much of the past six months. In this exclusive interview with The Energy Report, Richard shares . . . → Read More: Richard Kelertas: Potash Prices Headed to $750?

Economic Events on May 6, 2011

At 8:30 AM EDT, the Employment Situation report for April will be announced, and the consensus for non-farm payrolls is an increase of 165 ,000 jobs compared to a gain of 216,000 in the previous month, the consensus for the unemployment rate is that it will remain at 8.8%, the consensus average hourly earnings . . . → Read More: Economic Events on May 6, 2011