Dallas, Pittsburgh and what really killed the economy?

I have a very serious question…  a question that can’t really be answered of course.

What was worse for the future of Pittsburgh in the long run?  The decline of the steel industry in the 1980’s or Michael Jordan’s dismemberment of that which was known as Westinghouse in Pittsburgh?

The question obviously arises on . . . → Read More: Dallas, Pittsburgh and what really killed the economy?

Prepare for the Pivot Point in the Gold Exploration Cycle: Quinton Hennigh

Historically, major gold exploration has occurred when the Dow was down and out. In this exclusive interview with The Gold Report, geologist and Exploration Insights writer Quinton Hennigh talks about the coming gold rush and what that could mean for existing companies.

The Gold Report: While the NYSE Arca Gold BUGS Index . . . → Read More: Prepare for the Pivot Point in the Gold Exploration Cycle: Quinton Hennigh

Heartiste’s Questions

Regarding the future:

1. How is the present automation and productivity conundrum qualitatively different than ones from the past (for example, the classic case of the auto replacing the horse and carriage)? If you do not believe it is qualitatively different, explain how we escape the “zero marginal productivity” worker trap, especially in an . . . → Read More: Heartiste’s Questions

Economic Events on June 19, 2012

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM Eastern time, the Housing Starts report for May will be released.  The consensus is that construction on 720,000 new homes were started . . . → Read More: Economic Events on June 19, 2012