Submitted by The Capital Spectator
There’s a whole lot of stress-testing going on these days in the capital markets. And one of the striking lessons is that emerging markets have proven to be far more durable than many investors, including yours truly, thought possible. Yes, the durability could evaporate tomorrow for all we know. But for […]

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Submitted by unsettling economics
“Tom McGee’s business is surging faster than the price of gasoline. That’s because PMP Corp. is one of the few places in the U.S. that gas stations can turn to when they need old-style gas pumps adapted to register prices over $4 a gallon. The mechanical dials on many vintage pumps can’t […]

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Submitted by unsettling economics
Ronald Findlay and Kevin O’Rourke published a fascinating book, entitled Power and Plenty: Trade, War, and the World Economy in the Second Millennium, which comes out in support of the historical policies of mercantilism. To my knowledge, neither author has any hint of leftist sympathies. Have I missed something?
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Submitted by CARPE DIEM
Via WonderMark, click to enlarge.
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Submitted by CARPE DIEM
Well, OK, let me rephrase that. Many of the Founders were the 18th-century equivalent of a certain category of modern-day bloggers — writers on political topics, typically using a pen name, who are also connected to formal journalism and simultaneously active in partisan politics.
John Adams, Thomas Jefferson, James Madison, Alexander Hamilton, […]

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Submitted by CARPE DIEM
Zimbabwe’s Official inflation rate: 165,000 percent
Actual inflation rate: 1,700,000 percent

Amount of money an average family of six needs per month for basic services and goods: $100 billion

The Progressive Teachers’ Union of Zimbabwe’s salary demand: $76 billion per month

Amount awarded to the teachers by the government: $60 billion per month

Result: 16,000 teachers have […]

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Submitted by CARPE DIEM

The Economist
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Submitted by CARPE DIEM

We hear a lot about bad news about inflation, agflation, higher food prices, the middle-class squeeze, high gas prices, rising income inequality, etc. etc.

How bad can things really be for the average person when you can get a double cheeseburger or a McChicken sandwich at McDonald’s for $1, and can buy […]

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Submitted by CARPE DIEM

Iowa may be a blue state politically, but when it comes to farm subsidies Iowa is all red (see picture above, red dots indicate locations receiving farm subsidies). According to the Environmental Working Group Farm Subsidy database, 70% of Iowa farms received subsidies in 2002 (most recent year available, data here), […]

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Submitted by CARPE DIEM
Blogossary is an online dictionary for bloggers, wannabe bloggers, or those who just want to know what a blog is.
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Submitted by CARPE DIEM
The good news is that Detroit home sales through April are up by a whopping +48% (YTD) compared to last year (3,360 homes sold in 2008 YTD vs. 2,267 last year), but the bad news is that the average price for a home sold in Detroit has fallen by almost 56% […]

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Submitted by CARPE DIEM
BUSINESSWEEK — Billions of dollars are spent developing cancer drugs, but precious few get approved. Is the FDA part of the problem?

The U.S. government has doled out more than $75 billion for oncology research since President Nixon declared his War on Cancer in 1971. Outlays by the pharmaceutical industry have been far […]

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Submitted by CARPE DIEM
Gas prices in Michigan have fallen for 8 consecutive days, according to MichgianGasPrices.com (blue line above), reflecting falling crude oil prices over roughly the same period (red line above).
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Submitted by A Dash of Insight
The Market Vectors Nuclear ETF (NLR) has taken the top position in our weekly sector rankings.  The top four holdings in this ETF constitute about 10% each, and the list drops rapidly to holdings of 5% or less.
Reviewing Our Mission
Our weekly ETF Update is designed to assist both investors and […]

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