Economic Events on December 21, 2012

At 8:30 AM Eastern time, the Durable Goods Orders report for November will be released. The consensus is that there was an increase of 0.5% from the previous month.

Also at 8:30 AM Eastern time, the Chicago Fed National Activity Index for November will be released, providing an update on economic activity and inflationary . . . → Read More: Economic Events on December 21, 2012

Imagine That!

Some interesting news from Michigan:

Michigan workers are not going to suffer. They have simply been given the freedom to join or not join a union, to pay or not pay dues. And while wages in right-to-work states such as Virginia, Tennessee, Texas and Florida are slightly below those of other states, employment in . . . → Read More: Imagine That!

Japan’s Election Results Have Uranium Bulls Ready to Charge

The results from Japan’s general election Sunday may be a bellwether event for nuclear power. In a landslide win, Japan’s Liberal Democratic Party (LDP) claimed 294 out of the 480 seats in the lower house of the Diet Sunday, defeating anti-nuclear opponents with a platform focused on economic issues and foreign policy. The Energy . . . → Read More: Japan’s Election Results Have Uranium Bulls Ready to Charge

Economic Events on December 20, 2012

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 359,000 new jobless claims last week, which would would be 16,000 more than the previous week.

At 8:30 AM Eastern time, the final GDP report for the third quarter of 2012 will be . . . → Read More: Economic Events on December 20, 2012

“Cheap Labor”

Turns out it’s neither cheap nor labor:

“In 2010, 36 percent of immigrant-headed households used at least one major welfare program (primarily food assistance and Medicaid) compared to 23 percent of native households,” summarizes the document which was published by the Center for Immigration Studies and examines a wide variety of topics relating to . . . → Read More: “Cheap Labor”

Byron King: How to Up Your Investing IQ with Gold

Have you ever actually held a bar of gold in your hands? Byron King, editor of the Outstanding Investments and Energy & Scarcity Investor newsletters, suggests that you do. But becoming a smart investor shouldn’t just be about physical gold, King says. He also encourages investors to use investments in gold mining juniors . . . → Read More: Byron King: How to Up Your Investing IQ with Gold

Economic Events on December 19, 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 Housing Starts report for November will be released.  The consensus is that construction on 865,000 new homes were . . . → Read More: Economic Events on December 19, 2012

CIBC’s Matt Gibson Sees Upside in Iron in 2013

Investors who want to play in the iron and copper space should look to small-cap producers for attractive valuations and lower risk, says Matt Gibson, institutional research analyst with CIBC World Markets. In this Gold Report interview, he says he believes iron has found its floor in 2012 and names iron ore and . . . → Read More: CIBC’s Matt Gibson Sees Upside in Iron in 2013

It’s Not The Worst Plan In The World

The Seattle Times:

If President Obama wants to avoid an economic calamity next year, he could always show up at a news conference bearing two shiny platinum coins, each worth … $1 trillion.

That sounds wacky, but some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse . . . → Read More: It’s Not The Worst Plan In The World