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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (27289)1/11/2003 1:32:59 AM
From: elmatador  Respond to of 74559
 
Hi Jay! Expect a jolt in the 'feeling good effect' as the US economy is hit by high unemployment. Bush has done this pre-emptive attack on this by the USD687billion buying vote plan.

But Europe is used to a 8% (published) but a 12% r(eal) unemployment rate. The US is going to be jolted by a 10% unemployment rate and then the 'feeling good effect' will vanish.

With Companies Still Gloomy, Payrolls Shrink by Thousands

nytimes.com

(Registration required)

Cheers

Elmat



To: TobagoJack who wrote (27289)1/11/2003 3:33:58 PM
From: Moominoid  Read Replies (3) | Respond to of 74559
 
Do you know any research on the long and short-run marginal cost curve of gold production. I imagine that it is fairly steep in the short-run as in fact gold production is high by any historic standard (i.e. there isn't really excess capacity I think). Not so sure that in the long-run it is really that flat unless there are huge undiscovered but accessible deposits out there, which seems unlikely.


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