Don’t Trust Mainstream Economics

Here’s why:

It was almost exactly 20 years that statistics prepared by Paul Krugman about the extent of rising income inequality began to show up in the New York Times on page 1. Back then we–or at least I–thought that this would quickly reverse itself: I remember one dinner at which Claudia Goldin challenged . . . → Read More: Don’t Trust Mainstream Economics

Sell in May and Go Away? Not this Year: Frank Holmes

Frank Holmes, CEO and chief investment officer of U.S. Global Investors and a keynote speaker at the New York Hard Assets Conference May 14–15, explains why he believes the old expression “sell in May and go away” is not the advice to follow this year. He counsels investors to look to global stock . . . → Read More: Sell in May and Go Away? Not this Year: Frank Holmes

Economic Events on May 10, 2012

Federal Reserve Chairman Ben Bernanke will speak at the 48th Annual Conference on Bank Structure and Competition.

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 366,000 new jobless claims last week, which would would be 1,000 more than the previous week.

. . . → Read More: Economic Events on May 10, 2012