by Jeff Clark, Casey’s Gold & Resource Report
I don’t have a crystal ball, but I’ll bet I can tell you how much a house will cost in five years.
UBS released some interesting research last month on how much gold it takes to buy the average-priced home in the U.S. I put the data to a chart, and it’s quite revealing.
What’s interesting is that as much as house prices have fallen and Read More »
Falling U.S. Mortgage Rates May Aid Economy By Freeing Cash for Consumers – Bloomberg
Mighty Oil-eating Microbes Help Clean Up the Gulf – Yahoo
Economists Expect Slower Growth in Second Half – NY Times
Fed’s Bullard: Letting Bush Tax Cuts Die ‘Not a Good Plan’ - CNBC
The New Normal: Americans Cutting Back — Even If They Don’t Have To – Yahoo
By Peter Morici
The White House is pumping sunshine–the economy is in tough shape
Fourth quarter GDP numbers show the economy is not growing fast enough to create jobs and bring down unemployment.
Of the 2.4 percent growth reported, 1.1 percent was an increase in inventories—essentially businesses rebuilding and adjusting inventories from recession lows and to accommodate more price-conscious consumers.
This indicates actual demand in the economy is growing a scant 1.3 percent a year. Businesses Read More »
Billboard Protest of Police Layoffs in Michigan Fuels Public Safety Debate – Fox News
Schwarzenegger Orders More Furloughs for State Workers – Sacramento Bee
China’s Soft Power Is a Threat to the West – Der Spiegel
Taxes: A Defining Issue – Wall St Journal
Models Miss Risk of Falling Confidence – Bloomberg
By Michael Pento, Senior Economist and Vice President of Managed Products, Euro Pacific Captial
After hearing the dire warnings of deflation that have become the standard talking points of most economists, American investors may be reaching for a bottle of Prozac. I believe that their anxiety is misplaced. Unfortunately, modern economists don’t understand what deflation is or why, in reality, we have much more to fear from inflation.
Moderate deflation is actually the natural Read More »
By John Derbyshire
It is plain that no U.S. administration of any party is going to build a wall along our nation’s southern border. “Can’t be done,” our leaders tell us, shaking their heads in mock despair, while feeling under the desk for the envelopes full of benjamins being passed from cheap-labor lobbyists and race-grievance shills. “Too much border . . . mountainous terrain . . . impossible to patrol . . .”
They Read More »
There are certain periods of time in history when seemingly obscene prognistications are right. I believe we are in one of those times. It is at times like these that “conspiracy theorists” (whatever that means) become what I like to call “reality theorists.”
Economic shocks come from nowhere. One day the global economy is humming along; the next day it collapses. Crashes don’t occur because the fundamentals suddenly change; they occur Read More »
Jobless Claims in U.S. Declined by 11,000 to 457,000 – Bloomberg
“A Modern-Day Depression”: “Tough Slogging” for the Economy – Yahoo
Pelosi Trades Rangel for Chance in Midterms – Bloomberg
College Students Hide Hunger, Homelessness – NPR
Striking Greek Truck Owners in Trouble – Wall St Journal
By: John Browne Senior Market Strategist, Euro Pacific Capital, Inc.
At long last, a good portion of mainstream economists now concede that a ‘double dip’ recession is in the cards for the United States. To head off the pain, sixteen top economists addressed an open letter to the President urging him to “stimulate” the economy with a massive new round of government spending. We feel this is a recipe for driving a recession Read More »
