First, a summary from the WSJ:
GOP presidential candidate Rep. Ron Paul will unveil his economic plan Monday afternoon, calling for a lower corporate tax rate, cutting spending by $1 trillion during his first year in office and eliminating five cabinet-level agencies, including the Education Department, according to excerpts released to Washington Wire…
But . . . → Read More: Thoughts On Ron Paul’s Budget Proposal
Shall we count how many bloggers pick up on this news item Chinese silver imports decline 39% y/y; exports tumble 44% y/y:
Silver imports in China fell by 39% y/y and 16% m/m to 264.7 tonnes, the lowest level since February, while silver exports declined by 44% y/y to 83.5 tonnes, keeping China a . . . → Read More: Silver news you won’t get anywhere else
Last week stocks surged, extending the biggest monthly rally for the Standard & Poor’s 500 Index since 1974, and the euro strengthened as European leaders agreed to expand a bailout fund to stem the region’s debt crisis. The 20 percent monthly advance for the Dow Jones Transportation Average, a proxy for the economy, . . . → Read More: Remembering 1974 – Again! – DJTA Biggest Jump Since 1939
At 9:45 AM EDT, the Chicago PMI Index for October will be announced. The consensus index value is 58.0, which is 2.4 points lower than last month, but is still above the break-even level at 50.
Headlines scream gloom and doom, but Vikas Ranjan of Ubika Research sees brilliance on the horizon. As emerging markets develop, opportunities for profit abound: it’s only a matter of identifying the most in-demand commodities. Meanwhile, cleantech companies are creating commercial solutions to keep the lights on and the water flowing. In this exclusive . . . → Read More: Vikas Ranjan: Companies Meeting Emerging Market Demand
I recently brought up the location quotient methodology and looked at what some location quotients were for Pittsburgh. You can use the LQ methodology in lots of ways. You most often see it used to measure industry concentration, but no reason it can be used to measure occupation concentration as well. For both LQ’s are typically benchmarked . . . → Read More: Pittsburgh is as Pittsburgh Works
Like A Financial Analysis of al-Qaeda in Iraq, this book is rather technical and highly academic in approach. Unsurprisingly, it is a rather boring read for the most part. Furthermore, the book isn’t particularly insightful.
There were some who apparently claimed, presumably around the time this book was written, that capitalism was responsible for . . . → Read More: Book Review: South Africa’s War Against Capitalism by Walter E. Williams
At 8:30 AM EDT, the monthly Personal Income and Outlays report for September will be released. The consensus for Personal Income is an increase of 0.3% over the previous month and the consensus Consumer Spending index change is an increase of 0.3%.
Also at 8:30 AM EDT, the Employment Cost Index for the third . . . → Read More: Economic Events on October 28, 2011
I was at a meeting in London recently, organised by the IGC, on the subject of the research agenda in macroeconomics for developing countries. This made me think about how to make progress.
The US as the shared dataset for mainstream macroeconomics
All existing knowledge on macroeconomics is rooted in data about the US . . . → Read More: Project Tanzanite: Obtaining fundamental progress in the macroeconomics of developing countries
The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says Tocqueville Asset Management Senior Managing Director John Hathaway. We caught up to him at the Casey Research/Sprott Inc. Summit “When Money Dies” for this exclusive interview with The Gold Report. Hathaway predicted that once investors . . . → Read More: John Hathaway: Bullish on Gold and Gold Equities