Economics is a rich and fascinating subject. But all too often, the teaching process forces young people in the field to look at the tail of the elephant, to think about macroeconomics as the game of solving dynamic models. There is actually much more going on. (On a related note, you might like to . . . → Read More: Macroeconomics: A reading list
Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon, publisher of Weldon’s Money Monitor newsletter and Grant Williams, a portfolio advisor at Vulpes Investment Management in Singapore, will share their insights at the Cambridge House California Investment Conference Feb. 11–12. In this exclusive interview with The . . . → Read More: Gold Prices Driven Higher by Europe and China: Greg Weldon and Grant Williams
Like this isn’t an attempt to split a non-existent hair:
The segregation model predicts that as the society gets wealthier, the dollar cost of college will get higher. The signaling model would not necessarily predict that. In fact, it would predict that the market would try to find less expensive signals.
It’s like Kling . . . → Read More: The Cost of Signaling
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 3,000 more than the previous week.
At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update . . . → Read More: Economic Events on February 9, 2012