Mandated Heath Market Inefficiencies

Karl Denninger:

We cannot permit America to be the “pay line” for every worldwide drug and device development program. The same pill sold here in America for $25 is $2 in Canada and other nations.  The cost of reproduction is covered by the $2, but development is not.  The free market would normally prohibit . . . → Read More: Mandated Heath Market Inefficiencies

Gold Profits from World Turmoil: Carlos Andres

Volatile markets. Natural disasters. Geopolitical turmoil. Last year was definitely one for the record books, according to Carlos Andres, managing editor and publisher of the Frontier Research Report. With the world in turmoil, is there any upside for mining investors? Andres believes there is for investors courageous enough to look past the perceived . . . → Read More: Gold Profits from World Turmoil: Carlos Andres

Doing better in our neighbourhood

A key intuition of modern thinking in international trade and international finance is that distance matters much more than we think.

We may like to believe that the world is becoming more flat. We may like to believe that for weightless things like services and financial flows, distance is irrelevant. But the research evidence . . . → Read More: Doing better in our neighbourhood

Economic Events on February 24, 2012

At 9:55 AM Eastern time, Consumer Sentiment for the second half of February will be announced.  The consensus is that the index will be at 73.0, which is 0.5 points higher than the value reported in the first half of the month.

At 10:00 AM Eastern time, the New Home Sales report for January . . . → Read More: Economic Events on February 24, 2012