by William L. Anderson via Mises Wire One of the first lessons I give my economics students in the principles courses I teach or in my MBA classes is the famous Diamond-Water Paradox, or what economists historically have called the Paradox …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But the cost of shipping surges, no holds barred. The signs that the infamous cyclicality of the transportation industry is changing direction once again are still timid. This industry is a thermometer of the goods-based economy. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s cyclical. The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment volume (not pricing… we’ll get to pricing in a moment) …
BRAZIL TRUCKERS STRIKE FOR SECOND DAY OVER FUEL PRICES Brazilian truckers on Tuesday staged a second day of strikes and road blockages to protest rising fuel costs. Major roads in nearly all the 27 states saw some level of blockades, …
This is insane – http://www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints more at link, but get a load of this… “A few months ago, Sally Ruffin received a letter telling her the monthly checks would be much smaller, cut from $3,300 to $1,650. The cuts to …