While cautioning that the economy still needs the central bank’s support, Yellen stated that the nation’s economic recovery will be nearing completion within two years.
Several surprising developments this week deepened the mystery of where the Mt. Gox bitcoins are.
Much of the Mt. Gox-related Bitcoin news this week has contradicted official statements from the bankrupt exchange and Mt. Gox Chief Executive Officer Mark Karpeles about how the bitcoins were stolen.
The post Where Are the Mt. Gox Bitcoins? appeared first on Money Morning – Only the News You Can Profit From.
The notion of raising the minimum wage has moved back into the national spotlight courtesy of U.S. President Barack Obama, who last week called for an increase in the federal minimum rate from the current $7.25 an hour to $10.10.
The government’s numbers – primarily the monthly data on unemployment and inflation – tell the story of a slow but gradual recovery by the U.S. economy.
But the experience of millions of Americans tells a far different story.
According to a new national survey conducted by the John J. Heldrich Center for Workforce Development at Rutgers University, many Americans continue to suffer from the impact of the Great Recession.
What’s more, more than half of those surveyed believe the U.S. economy will not fully recover for another six years, and nearly one-third said the U.S. economy will never fully recover.
“Millions of households were affected to some extent by the layoffs that occurred four years ago,” Mark Szeltner, the lead researcher for the Rutgers survey, told The Daily Ticker.
The Rutgers survey backs up what some other surveys have said.
Last August, in a Pew Research survey of middle-class Americans, 42% said they were worse off than they were in 2008.
A Rasmussen survey taken earlier this month showed that only 39% believed the U.S. economy would be stronger in five years – the first time, Rasmussen said, that figure had ever dipped below 40%.
BloombergWho's the King of Smartphone Sales?PCWorldBy John P. Mello Jr., PCWorld Apr 29, 2012 10:24 AM Android phone stalwart Samsung has announced record profits for the first three months of this year, profits driven by its flourishing smartphone…
http://www.jsmineset.com/wp-content/uploads/2012/01/GoldPanicPeriods.pdf
Sinclair links ContraryInvestor
Excerpt:
For now, the thinking that gold’s break of the 200 day moving average is the sure sign of bull market death is white noise. …gold …
This article talks about how enforcing stability leads to volatility. By analogy, Timmay and the Greenanke have spared us from a certain amount of upheaval, but at what eventual cost.
http://jamesshinn.net/wp-content/uploads/2011/04/The-Black-Swan-of-…
“Mathematical analysis of flock dynamics show how each starling’s movement is influenced by every other starling, and vice versa. It doesn’t matter how large a flock is, or if two birds are on opposite sides. It’s as if every individual is connec…
Illusion of Control
• Who rolls the dice.
__________________________
Investor Biases
• Confusion about probability → Underdiversify.
• Overconfidence → Trade too much.
• Desire to reduce regret → Cling to losers.
• Limited atten…
Lots of prominent opinions (passed along by Hanke, pg 25)…
Bubble Bursts?.pdf (481.23K)
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