GreyMail: The Laffer Curve

GlowingFaceMan writes:

This is what annoys me about the Laffer curve: it’s perfectly mathematically and logically sound, but once that’s granted, everyone assumes the precise optimum is wherever agrees with their ideology. The extreme value theorem says nothing about WHERE the extreme value occurs. Republicans seem to assume it must occur somewhere around 0.0000001% . . . → Read More: The Laffer Curve

Junior Miners Building for a Rebound: Jordan Roy-Byrne

The turnaround in precious metals prices and mining shares has been slower in coming than most analysts and investors have expected. This has certainly not deterred Jordan Roy-Byrne, publisher of The Daily Gold Premium, from searching for and uncovering some of the situations he expects to provide winning returns. In this exclusive interview . . . → Read More: Junior Miners Building for a Rebound: Jordan Roy-Byrne

Pittsburgh Peak Labor

Just one way to look at the monthly dump of labor force data for the Pittsburgh MSA. The headline is that the region’s unemployment rate dropped 2/10ths of a percent to 6.7%, but that just isn’t the story.  I will point out though that to overparse the rate dropped to just under 6.66%.  If . . . → Read More: Pittsburgh Peak Labor

Economic Events on April 5, 2012

The monthly Chain Store Sales report will be released today.  This report on sales in chain stores gives a look at the health of stores that make up about 10% of all retail sales.

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there . . . → Read More: Economic Events on April 5, 2012