Rust Belt Redux

So BLS is reporting that the Pittsburgh regions seasonally adjusted unemployment rate ticked up to 7.4% in September, from 7.3% in August.  It is a curious artifact of the new seasonal adjustment in that the seasonally unadjusted rate for the region was 6.7% in September of 2011, AND September of 2012.

I thought to . . . → Read More: Rust Belt Redux

Bob Moriarty’s Stock Tales from the Crypt

It is a global ghoul fest when Bob Moriarty talks about his favorite zombie stocks—companies whose share prices have flirted with death but still offer devilishly good potential. Moriarty is happy to “buy $1 bills for $0.50″ and tells readers where to do the same in this exclusive Gold Report interview.

The Gold . . . → Read More: Bob Moriarty’s Stock Tales from the Crypt

Economic Events on October 31, 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.

At 8:30 AM Eastern time, the Employment Cost Index for the third quarter of 2012 will be announced.  The consensus is an increase of . . . → Read More: Economic Events on October 31, 2012

Rethinking the Statutory Liquidity Ratio (SLR) in Indian banking

by Harsh Vardhan.

The CEO of a leading bank recently caused a flutter in the banking community by demanding the abolition of the Cash Reserve Ratio (CRR). RBI has promptly appointed a committee to look at this issue. The reserve ratios, CRR and SLR (Statutory Liquidity Reserve), are an important feature of Indian banking . . . → Read More: Rethinking the Statutory Liquidity Ratio (SLR) in Indian banking

Stop Gambling and Find Stable Profits in Energy Investment: Sid Rajeev

Are junior resource stocks the investment equivalent of a game of blackjack? It depends on the investor as much as it does on the company. Sid Rajeev of Fundamental Research Corp. has come to expect stability from his picks. How? By using fair-value metrics and a longer-term timeline. In this exclusive interview with . . . → Read More: Stop Gambling and Find Stable Profits in Energy Investment: Sid Rajeev

Economic Events on October 30, 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 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM Eastern time, the . . . → Read More: Economic Events on October 30, 2012

A Theory of Regulation

This story caught my eye:

Now another revolution on wheels is on the horizon: the driverless car. Nobody is sure when it will arrive. Google, which is testing a fleet of autonomous cars, thinks in maybe a decade, others reckon longer. A report from KPMG and the Centre for Automotive Research in Michigan concludes . . . → Read More: A Theory of Regulation

Profiting from Silver Mining in the Age of Resource Nationalism: Sean Rakhimov

Resource nationalism is becoming a growing problem for many mining companies. In this exclusive interview with The Gold Report, Sean Rakhimov, editor of SilverStrategies.com, shares his insights for safely investing in silver mining companies in a volatile world.

The Gold Report: You have written that the pace of global resource nationalism is gaining . . . → Read More: Profiting from Silver Mining in the Age of Resource Nationalism: Sean Rakhimov

Economic Events on October 29, 2012

At 8:30 AM Eastern time, the monthly Personal Income and Outlays report for September will be released. The consensus for Personal Income is an increase of 0.4% over the previous month and the consensus Consumer Spending index change is an increase of 0.6%.

At 10:30 AM Eastern time, the Dallas Fed Manufacturing Index for . . . → Read More: Economic Events on October 29, 2012

Good News?

Bernanke is apparently not seeking another term as the Fed chairman:

US Federal Reserve Chairman Ben Bernanke will most likely step down from his position in January 2014, even if President Barack Obama stays for a second term, according to friends of the chairman.

This probably sounds like good news, especially since there are . . . → Read More: Good News?