Good Reads
The Big Uranium Discount
Say you run the fuel desk at an American utility. An investor asks what you think of the spot price, and you look at him like a tourist. Your bonus depends on one thing: every reactor gets its fuel on time. If one runs short, nobody remembers what you saved per pound. This summer, desks like yours paid a record price to lock in uranium. If you own uranium stocks, your shares went the other way. The last time buyers paid this much, it took a flood. Read on »
Norwegians are losing their gold after being persuaded to leave it in the woods
Norwegians are falling victim to a scam in which they’re induced to purchase gold and then leave it in forests or public parks. The scam, according to Finans Norge, involves the scammers persuading their victims to purchase gold that they promise to keep safe on their behalf. Read on »
The No-hire, No-fire AI Economy
The economy is booming. But nobody’s hiring. Is creating jobs a lost art from a far-gone age? Last week the Atlanta Fed put third-quarter growth at a sizzling 3 and a half percent. Yet September added just 29,000 jobs -- basically flat in an economy of 163 million jobs. Traders on kalshi forecast an almost as bad 70,000 this month -- less than population growth. In a sizzling economy. Read on »
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