Anecdote vs. Data

Let me make some introductions.  Data meet news, news meet data.

I just caught this headline.. but the Patriot News had article over the weekend: Marcellus Shale industry brings ‘tsunami of jobs’ to Pa.. which really was more of an anecdotal story focused on a woman getting a job in the drilling industry here . . . → Read More: Anecdote vs. Data

Is Foreign Trade a Big Deal?

Walter Williams:

Hale and Hobijn find that the vast majority of goods and services sold in the United States are produced here. In 2010, total imports were about 16 percent of U.S. gross domestic product, and of that, 2.5 percent came from China. A total of 88.5 percent of U.S. consumer spending is on . . . → Read More: Is Foreign Trade a Big Deal?

Unsegregated Allocated

Following on from this post from 2009 where I identified five types of storage (Segregated Allocated, Unsegregated Allocated, Unsegregated Physical Backed, Unallocated Fully Hedged, Unallocated Unhedged), we now have confirmation that “Allocated” metal at a bullion bank is unsegregated from this interview with Kyle Bass (42 minute mark) where he talks about bars being . . . → Read More: Unsegregated Allocated

Economic Events on December 23, 2011

At 8:30 AM Eastern time, the Durable Goods Orders report for November will be released. The consensus is that there was an increase of 1.9% from the previous month.

Also at 8:30 AM Eastern time, the monthly Personal Income and Outlays report for November will be released. The consensus for Personal Income is an . . . → Read More: Economic Events on December 23, 2011