Supply, Demand, and Distortion

In theory, all prices are determined by supply and demand. If there is a large supply of product x and little demand for product x, the price will be very low. If, on the other hand, there is a small supply of product x and high demand for it, the price will be rather . . . → Read More: Supply, Demand, and Distortion

The NFL Lockout Doesn’t Just Affect Players, Owners And Fans

There are a lot of different sides to the NFL lockout, which is on again after an appeal from the NFL was granted to reinstate the lockout that was lifted by a judge, and most of the attention is going towards the owners, the players and the fans. But what about the cities in . . . → Read More: The NFL Lockout Doesn’t Just Affect Players, Owners And Fans

Peter Grandich: Gold Price Volatility Opens Opportunities

Why has the price of gold punched through every barrier to a record high of $1,500/oz.? The market’s rigged, according to Peter Grandich, editor of The Grandich Letter. In this exclusive interview with The Gold Report, Grandich explores if it’s time to unload silver and transition out of gold and why it could . . . → Read More: Peter Grandich: Gold Price Volatility Opens Opportunities

Economic Events on May 12, 2011

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 430,000 new jobless claims last week, which would would be 44,000 less than the unexpectedly high number released last week.

Also at 8:30 AM EDT, the Producer Price Index for April will be released.  . . . → Read More: Economic Events on May 12, 2011