The costs in buying versus the costs in selling

All models are wrong, some models are useful. A model reduces complications that are true in return for tractability and insight. In finance, all too often, one complication which has been wished away is transactions costs. A great deal of what we see in the world around us is caused by the costs of . . . → Read More: The costs in buying versus the costs in selling

Canadian Oil Explorers Pump Profits Abroad: Frederick Kozak

Smaller Canadian-based companies are exploring and producing in countries all over the globe, in areas that may present even greater returns in the coming years. Frederick Kozak, oil and gas research analyst at Canaccord Genuity, draws on nearly 30 years of experience in the field to focus on investment opportunities in locations ranging . . . → Read More: Canadian Oil Explorers Pump Profits Abroad: Frederick Kozak

Workers materializing somehow

So the monthly news cycle over the latest dump of labor force data for the Pittsburgh region is pretty muted per the  PG,  Trib,  PBT.  Not much to say since the numbers are nominally unchanged and any changes you parse out of it are likely well within sample error or other variations that should . . . → Read More: Workers materializing somehow

Economic Events on May 31, 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.

The Challenger Job-Cut Report will be released at 7:30 AM Eastern time, providing an estimate of the number of layoffs . . . → Read More: Economic Events on May 31, 2012

Maybe I Can Help

Paul Krugman is having difficulty reaching a conclusion:

So Japan, which is spending heavily for post-tsunami reconstruction, is growing quite fast, while Italy, which is imposing austerity measures, is shrinking almost equally fast.

There seems to be some kind of lesson here about macroeconomics, but I can’t quite put my finger on it …

. . . → Read More: Maybe I Can Help

Cleveburgh Steel

Remember when the steel industry rated local news?

The 24 hour news cycle can be brutal.  Just beyond greater Pittsburgh, but near the center mass of Cleveburgh is Trumbull County, Ohio… home to Warren, Ohio and part of the Mahoning Valley were these two stories recently:

24 hours ago the headline was:  Valley employment . . . → Read More: Cleveburgh Steel

An Extraordinary Time to Be in the Driver's Seat: Aaron Kennon

Aaron Kennon, co-founder and CEO of Clear Harbor Asset Management, shares some of his company’s trade secrets in this exclusive interview with The Gold Report. Educating yourself is critical before investing, and Kennon suggests questions to ask, what specialized knowledge your adviser should know and why small-cap and junior resource equities are offering . . . → Read More: An Extraordinary Time to Be in the Driver’s Seat: Aaron Kennon

Economic Events on May 30, 2012

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

The Challenger Job-Cut Report will be released at 7:30 AM Eastern time, providing an estimate of the number of layoffs in May.

At 7:45 . . . → Read More: Economic Events on May 30, 2012

What College Bubble?

An interesting factoid:

The number of PhD recipients on food stamps and other forms of welfare more than tripled between 2007 and 2010 to 33,655, according to an Urban Institute analysis cited by the Chronicle of Higher Education. The number of master’s degree holders on food stamps and other forms of welfare nearly tripled . . . → Read More: What College Bubble?

Gold and Silver Stocks Are in Deep Value Territory: Alka Singh

Gold and silver began a correction nine months ago, but shares of the mines that produce these valuable metals have suffered in a much more exaggerated fashion. Mine2Capital Co-Founder and Partner Alka Singh has prospected for ideas that she believes will maximize shareholder value when the markets turn upward in the relatively near . . . → Read More: Gold and Silver Stocks Are in Deep Value Territory: Alka Singh