Inflation targeting has come to the US

Reportage by Robin Harding and Michael Mackenzie in the Financial Times:

The rate-setting Federal Open Market Committee predicted low interest rates until late 2014 and set a formal inflation objective of 2 per cent, reflecting chairman Ben Bernanke’s long-held goal of providing greater transparency. The FOMC downgraded its estimate of growth in the coming . . . → Read More: Inflation targeting has come to the US

Economic Events on January 27, 2012

At 8:30 AM Eastern time, the advance GDP report for the fourth quarter of 2011 will be announced.  The consensus is an increase of 3.1% in real GDP and an increase of 1.5% in the GDP price index.

At 9:55 AM Eastern time, Consumer Sentiment for the second half of January will be announced.  . . . → Read More: Economic Events on January 27, 2012

Education in India at the crossroads

The debate

Roughly one decade ago, there was a strong debate in India about how we should tackle the problem of education. There were two views:

Intensification On one side were those who felt that nothing was fundamentally wrong; all that was needed was more money. So we should just continue building more government . . . → Read More: Education in India at the crossroads

'Mania' in Junior Mining Stocks Predicted: Fayyaz Alimohamed

Fayyaz Alimohamed, CEO of Altair Ventures Inc. and publisher of the Acamar Journal, offers historical perspective and predictions on the global economic crisis. In this exclusive Gold Report interview, he foresees a “mania” in junior mining stocks and recommends holding physical gold outside the banking system as a safety net.

The Gold . . . → Read More: ‘Mania’ in Junior Mining Stocks Predicted: Fayyaz Alimohamed

Homework

It’s like the county is giving me programming homework.

OK.  All ‘new’ assessment values for City of Pittsburgh commerical parcels are in a comma delimited file online here. Just two fields, Block and lot number (one field) and the 2012 assessment.  Scraped with this program if you are interested.

So the top 10 new commercial vauations . . . → Read More: Homework

Economic Events on January 26, 2012

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 370,000 new jobless claims last week, which would would be 18,000 more than the previous week.

At 8:30 AM Eastern time, the Durable Goods Orders report for December will be released. The consensus . . . → Read More: Economic Events on January 26, 2012

Potash's Current Calm Promises an Exciting Future: Corey Dias

Last year marked the third-largest growth in the potash industry, but hesitancy from India and China may put things on hold in 2012. However, MGI Securities Analyst Corey Dias still expects to see a lot of positive news coming out of the junior potash space. In an exclusive interview with The Energy Report, . . . → Read More: Potash’s Current Calm Promises an Exciting Future: Corey Dias

Nabobs alert

OK… listen up.  Nabobs especially.   Latest job counts are out and for December we again have a peak in terms of the highest December job count for the Pittsburgh region ever.

Only May and June of 2001  showed a higher job count than the 1,164,000 raw number just out. So the middle of construction season . . . → Read More: Nabobs alert

The Technology Gap

A while back I theorized that government intervention in the market causes labor disruptions in that it pulls demand for technology forward in order to reduce the costs of unskilled labor. It turns out that I may be on to something:

Parlier earns about $13 an hour. She’d like to become one of the . . . → Read More: The Technology Gap

Economic Events on January 25, 2012

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 FHFA House Price Index for November will be released, providing more information about the direction of the housing . . . → Read More: Economic Events on January 25, 2012