“Buy the TSXV” was the advice Michael Ballanger, investment advisor for Union Securities Ltd., sent to his clients the morning after the Dow Jones Industrial Average lost 698 points, the worst loss since 2008. In this exclusive Market Conditions Update for The Gold Report, he explains why he sees the current climate as . . . → Read More: Michael Ballanger: Market Conditions Extremely Gold-and-Silver Friendly
Beaten to the metric I am. Hard to blog at 36K feet. I note the news out of the BEA is that personal income growth in the Pittsburgh ranks pretty well. It all begs an interesting question where all this (relative) good economic news for the region is coming from.
To answer that, first . . . → Read More: Tipping point fallacies
Here’s a chilling excerpt from a paper entitled The Los Angeles Riot and the Economics of Urban Unrest:
What caused the 1992 L.A. riot? While this question has no definitive answer, the evidence presented in this paper does suggest that South Central L.A. had some characteristics that made it more likely than other cities . . . → Read More: Riots and Free Trade
At 8:30 AM EDT, the International Trade report for June will be released. The consensus is a deficit of $48.0 billion, which would be $2.2 billion less than the previous month.
Also at 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 405,000 new . . . → Read More: Economic Events on August 11, 2011