The Inevitable Economic Decline

Bret Stephens:

Many of you have been reared on the cliché that the purpose of education isn’t to stuff your head with facts but to teach you how to think. Wrong. I routinely interview college students, mostly from top schools, and I notice that their brains are like old maps, with lots of blank . . . → Read More: The Inevitable Economic Decline

Canadian Coal Moles: Jerome Hass and Jimmy Chu

For low-risk returns, Lightwater Partners’ Fund Managers Jerome Hass and Jimmy Chu look seaward. Bulk commodities like metallurgical coal, they explain, offer greater stability because a small number of major buyers determine pricing, while shipping logistics provide a yardstick to determine a project’s economics. In this exclusive interview with The Energy Report, Hass . . . → Read More: Canadian Coal Moles: Jerome Hass and Jimmy Chu

Nobody's on nobody's side

So I learn from Early Returns that the City of Pittsburgh’s euphemism as oversight board, otherwise known as the Intergovernmental Cooperation Authority (ICA),  is still around. Who knew?

They seem to be looking at the city’s debt. I need to update my graphic below which is my calculation of the long term trend . . . → Read More: Nobody’s on nobody’s side

Economic Events on May 11, 2012

At 8:30 AM Eastern time, the Producer Price Index for April will be released.  The consensus is that the index was unchanged last month, and was increased 0.2% when food and energy are excluded.

At 9:55 AM Eastern time, Consumer Sentiment for the first half of May will be announced.  The consensus is that . . . → Read More: Economic Events on May 11, 2012