Home a bit late so just a couple of notes.
Sad Times for the Silverdome
In an example of what happens with monster government run spending projects, the Pontiac Silverdome in Detroit today was sold at auction for $583,000. I did not miss a zero, I swear!:
Silverdome sale price disappoints
Pontiac officials wanted more than $583K for stadium
The Silverdome consumed $55 million dollars to build, and it sells for quite the discount.
Wiki fact on the Silverdome:
The largest crowd was on March 29, 1987 for Wrestle Mania III, with a reported attendance of 93,173.
Another Informative Gold Chart
As of late there has been plenty of coverage of gold priced in Euros, dollars and many other variants. How about gold priced in gold, how does that hold up? Paul Kedrosky and Barry Ritholtz do all the hard work and present this graph:
Hat tip to Kid Dynamite!
About that New Jobs Creation Plan
With a new jobs creation plan set to be put in place soon, I would argue that it may make sense to figure out where all the money from other plans for jobs went first. How about fictional districts?:
Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist
One of my many issues with the Keynesian sort is that their models assume government spending will actually be legitimate and not full of fraud and theft. Well, maybe they do count on that!
Have a good night.