That Which Is Unseen

Some economic news:

This morning’s jobs report shows that the economy’s subsidized private sector (industries like health care services that receive big government subsidies) is back as a major source of new hiring.

If a stronger but sustainable U.S. recovery depends on reinvigorating industries not heavily dependent on government largesse, then this hiring out-performance . . . → Read More: That Which Is Unseen

Bright Spots in the Fertilizer Market: Robert Winslow

Global population growth and escalating food demand underpins long-term upside for potash, phosphate and nitrogen producers, but fertilizer oligopolies may have jumped the gun last year with aggressive rates that priced farmers out of the market. As farmers expand acreage rather than boost yields in now-tired fields, grain prices have backed off recent highs. . . . → Read More: Bright Spots in the Fertilizer Market: Robert Winslow

Economic Events on January 16, 2013

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 Consumer Price Index report for December will be released.  The consensus is that CPI was unchanged last month, . . . → Read More: Economic Events on January 16, 2013

Taxes Are Going Up

Quelle surprise:

The tax this year will increase by two percentage points, to 6.2 percent from 4.2 percent, on all earned income up to $113,700.

Indeed, for most lower- and middle-income households, the payroll tax increase will most likely equal or exceed the value of the income tax savings. A household earning $50,000 in . . . → Read More: Taxes Are Going Up

Scaling the Heights with Peruvian Miners: Ricardo Carrión

The Peruvian mining sector has lots of promising developers and producers, but don’t ignore the smaller companies—2013 may surprise to the upside in Peru. In this interview with The Gold Report, Ricardo Carrión, managing director for capital markets and corporate finance for Kallpa Securities in Lima, Peru, says it is fine to ride . . . → Read More: Scaling the Heights with Peruvian Miners: Ricardo Carrión

Economic Events on January 15, 2013

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 Empire State manufacturing index for January will be released. The consensus is that the index value will be 0, . . . → Read More: Economic Events on January 15, 2013

Shale R Us

So if you care about what the (r)evolution in shale gas development means to the economy and have some illusion it is a simple question this is required reading…    NYT: Would Exporting the Natural Gas Surplus Help The Economy, or Hurt?

On how bad forecasting energy markets can be. Coalguru: Natural gas prices . . . → Read More: Shale R Us

How to Invest Like a Merchant Bank in High-Risk Resources: Rick Winters

It is difficult for retail investors to sift the wheat from the chaff in the junior miner sector. In this interview with The Gold Report, Rick Winters reveals how RMB Resources, a resource merchant bank, figures out what projects to invest in and those to pass over and talks about some of the . . . → Read More: How to Invest Like a Merchant Bank in High-Risk Resources: Rick Winters

Economic Events on January 14, 2013

At 4:30 PM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the University of Michigan on monetary policy and the U.S. economy.

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The Truth About Taxes

Ross Douthat speaks it:

Alas for liberals, the tax debate isn’t that simple, because it’s taking place in the context of immense projected future deficits and a welfare state that seems unsustainable without substantial increases in revenue. Given these realities, fairness and progressivity are necessarily less important to liberalism over the long run than . . . → Read More: The Truth About Taxes