In Praise of Deflation

First, some neo-Keynesian nonsense:

It’s counterintuitive that falling prices can be bad. After all, nobody ever complained about stuff being cheaper. The problems, though, are twofold. First, if prices fall across the board, so too will wages — but debts won’t. Borrowers will have a harder time making their payments. More of them will . . . → Read More: In Praise of Deflation

Ireland, Miracles, and Women

The Atlantic had a short look at the state of the Irish economy of late: Happy St. Patrick’s Day, Ireland! Now About That Miserable Economy …

Hard not to mention that Ireland was once pointed out as paragon for Pittsburgh to follow. See in the PG: We can import the Irish miracle.

Times change.

. . . → Read More: Ireland, Miracles, and Women

Canada Sees Mining Resurgence: Scott Jobin-Bevans

Amid the bustle of the 80th Prospectors and Developers Association of Canada (PDAC) convention in Toronto, The Gold Report sat down with PDAC President Scott Jobin-Bevans for his take on the challenges the mining industry faces. In this exclusive interview, he covers a wide range of topics, from skilled labor shortages to the . . . → Read More: Canada Sees Mining Resurgence: Scott Jobin-Bevans

Economic Events on March 19, 2012

At 10:00 AM Eastern time, the Housing Market Index for March will be announced.  This index is created from a survey of home builders, so it shows the confidence that the sector has in the overall economy and their business.