It’s hard to overstate the concern that American families have regarding the economy, but one thing we all need to pay more attention to is the value of the U.S dollar. Imagine, if you will, what would happen to your families’ savings should the U.S. dollar truly crash, especially when unemployment and underemployment are both… Read More »
The proverbial chickens.. have come home to poop – or roost if you prefer. The world’s largest bond investment fund, Pimco’s Total Return Fund removed U.S. government debt from its holdings: Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the… Read More »
I recently recieved an email today that pretty much sums up our country’s status in one simple chart. (Special thanks to my brother Bernie for the email) After two years of Obama… January 2009 TODAY % chg Source Avg. retail price/gallon gas in U.S. $1.83 $3.104 69.6% 1 Crude oil, European… Read More »
AURORA, Ill., Jan. 18, 2011 /PRNewswire/ — AAA Chicago’s most recent Fuel Gauge Report estimates that in Illinois, regular unleaded gasoline has increased $.16 during the past month, forecasting an average cost of $3.22 per gallon for the month of January, which is $.38 higher per gallon than last year. In northern Indiana, gas prices… Read More »
Since the beginning of the “Great Recession” that Americans still find themselves in, there have been prognostications of incredible inflation while other “experts” claim that crippling deflation would be the necessary outcome. Could they both be right? Perhaps – there are two major forces at play in our economy right now: price inflation and income… Read More »
ARLINGTON, Va., Jan. 3, 2011 /PRNewswire-USNewswire/ — The recovery will pick up steam in 2011, but growth will remain moderate, according to the consensus forecast of 25 economists surveyed for legal and business publisher BNA’s annual outlook on the U.S. and international economy. Both inflation and the Federal Reserve’s target interest rate are expected to remain low. A… Read More »
The average price of a gallon of gasoline is $2.87, a number which will continue to climb as the Federal Reserve’s “quantitative easing” scheme lowers the value of the dollar. That’s a 50% increase from only two years ago; in the weeks following the presidential election, the average price was about a dollar lower. But… Read More »
You’d think Paul Volcker was in the driver’s seat again. While he’s no longer running the Fed, perhaps his leadership as the President’s chief economic advisor is giving him more of a voice than any of us want. In his turn at the Fed, it was Volcker that pushed for the massive and crippling inflation… Read More »
Interpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month. Yahoo news points at a separate survey that shows 558,000 more people were unemployed in… Read More »
In August, we watched as sales of existing homes drop by 2.7%. Experts were expecting an increase. Due to the fact that 30% of all home sales this year were by first-time home buyers, the National Association of Realtors has begun a campaign designed to influence congress to put more taxpayer subsidies into the housing market.
Members of Congress, the President, and anyone else with an opinion is still blaming the recession on greedy corporations. This article isn’t about rehashing the debate, but… what about the greedy government elitists? What about us? The government needs us to borrow more to feed the partial-reserve economy system we have. To get us to… Read More »
On September 18th, the FDIC announced two more bank closures that would require funds from the insurance corporation in-order-to protect depositor’s money. This month alone there have been ten bank failures and the month isn’t over yet. There were fifteen closures in August and at the current pace, it’s entirely possible that September will have… Read More »
Due to current government spending policies, the fastest growing deficit in history and an administration that is printing money out-of-nowhere in an attempt to keep artificial asset prices (housing bubble) inflated, there is a real possibility that we may enter a period of severe price inflation. Some respected economists, such as Mark Faber, PhD, are even concerned that hyperinflation similar to Zimbabwe’s fiscal catastrophe are not only possible, but assured.
In a recent Telegraph article, it is suggested that President Obama is making some historic mistakes in the handling of the American economy. The author goes so far as to say that these mistakes are the same as those made by leaders just before and during one of the darkest financial times in U.S. history… Read More »