Consumer Demand is Not the Whole Picture

See if you can spot what’s missing:

Businesses aren’t investing in the United States because of a lack of consumer demand, International Paper CEO John Faraci said Friday.

“I think this was all about consumer spending and demand. You know, the problem we have is there’s inadequate demand to create jobs. We know how . . . → Read More: Consumer Demand is Not the Whole Picture

The Variable Rate Bond that keeps on maturing

So…  I just don’t have it in me to go though the history of all of this.  But if you recall the miasmic variable rate bond the Pittsburgh Water and Sewer Authority had out there and thought maybe it was all resolved merely because it has not been in the news of late…  well…

. . . → Read More: The Variable Rate Bond that keeps on maturing

Student of the physical market - demand doesn't drive the gold price

Eric Sprott and David Baker has a new article out discussing central bank buying of gold and particularly China. I agree with his conclusion that this is an important demand side shift in the market but then Sprott plays it up way too much with statements like:

“… there isn’t a physical market on . . . → Read More: Student of the physical market – demand doesn’t drive the gold price

Economic Events on April 30, 2012

At 8:30 AM Eastern time, the monthly Personal Income and Outlays report for March will be released. The consensus for Personal Income is an increase of 0.3% over the previous month and the consensus Consumer Spending index change is an increase of 0.4%.

At 9:45 AM Eastern time, the Chicago PMI Index for April . . . → Read More: Economic Events on April 30, 2012

Invest in Africa Now: Nana Sangmuah

Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the . . . → Read More: Invest in Africa Now: Nana Sangmuah

There are bad investments and there are bad investments

One of the owners of the Rivers Casino says the business is a terrible investment. Just terrible.  In context you can’t ignore that the statement is made as part of litigation to lower the property’s assessed value for tax purposes.

So here is the deal.  Maybe he is right, maybe he isn’t.  The Rivers . . . → Read More: There are bad investments and there are bad investments

Down-Under Energy Opportunities: Ivor Ries

Most investors may not have Australian resource companies on their radar screens, but that doesn’t mean that there aren’t some great opportunities worth pursuing Down Under. In this exclusive interview with The Energy Report, Ivor Ries, utilities and energy analyst at E.L. & C. Baillieu Stockbroking Ltd., one of Australia’s oldest securities firms, . . . → Read More: Down-Under Energy Opportunities: Ivor Ries

Economic Events on April 27, 2012

At 8:30 AM Eastern time, the advance GDP report for the first quarter of 2012 will be announced.  The consensus is an increase of 2.5% in real GDP and an increase of 2.1% in the GDP price index.

At 8:30 AM Eastern time, the Employment Cost Index for the first quarter of 2012 will . . . → Read More: Economic Events on April 27, 2012

USAirways and the 'so what' question

What is really fascinating is that a potential new major reorganization at USAirways just barely makes it into the news cycle here any longer.  Maybe that makes sense given the number of flights left here, but I bet there would be ramifications no matter. It is also a real change from the past when, as with US . . . → Read More: USAirways and the ’so what’ question

The genesis of India's 'basic structure' doctrine

India and Pakistan are slowly reintegrating their economies, through trade and investment. Will we stop at sterile commercial transactions, or can there be more to the engagement of the two countries? Most of us in India think of Pakistan as a country with serious governance problems; we think that India has little to learn . . . → Read More: The genesis of India’s ‘basic structure’ doctrine