Miscellaneous Links
1. Offshore Gold Rush: "AngloGold Ashanti and De Beers, two of the world’s largest metals and minerals mining companies, are searching for gold deposits under the Atlantic sea. Both companies are currently carrying out lots of research into the technical feasibilities of carrying out gold exploration under the seas." Just as Julian Simon and ECON 101 would have predicted - higher commodity prices stimulate exploration and discovery, often then leading to greater supply and lower prices, i.e. high prices today frequently lead to lower prices tomorrow.
2. The Monster Employment Index Europe showed that online recruitment in Europe increased 22% in December.
3. Book review in today's WSJ of Amy Chua's book "Battle Hymn of the Tiger Mother," featured recently on CD (generating 56 comments so far). 4. Roads battered by heavy truck traffic in western North Dakota's oil country are hampering development and driving up shipping costs, but hey, they've got a $1 billion surplus. (HT: Buddy Pacifico)
2 Comments:
"...higher commodity prices stimulate exploration and discovery..."
So do worthless pieces of GLD/SLV paper leveraged 100:1 when combined with the threat of a physical audit.
The road situation sounds like a perfect opportunity to institute toll roads. Shouldn't the heaviest users of the road pay the greatest amount towards its upkeep?
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