Market Distortion in the News Industry

ASI:

Newspapers have been unable to monetise the internet as an income stream. This is in part because the BBC website offers so much content for free (i.e licence fee-payer funded) that it heavily distorts the market and mitigates against charging for content. The BBC itself has been forced to recognise this and plans . . . → Read More: Market Distortion in the News Industry

Deflation Is Coming: Jay Taylor

Jay Taylor believes the biggest challenge facing the U.S.—deflation—could mean a better year, or even decade, for junior gold stocks. Taylor, editor of Jay Taylor’s Gold, Energy & Tech Stocks, has ridden some equities to the bottom of this punishing market and is ready to pile more cash into small gold companies. In . . . → Read More: Deflation Is Coming: Jay Taylor

Manufactured Numbers

So I really wonder if I surveyed folks in town and asked them what percentage of jobs were still in manufacturing I wonder what the modal answer would be?

The actual answer.. by one measure, is a speck under 7.7%.   Within a very insignificant significant digit of the lowest percentage since..  well, I can’t quite . . . → Read More: Manufactured Numbers

Economic Events on December 7, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 10:00 AM Eastern time, the Quarterly Services Survey will be released, showing the status of the information and technology-related service industries.

At 10:30 . . . → Read More: Economic Events on December 7, 2011