The optimistic scenario for the economy is generally inconsistent with the weakening spate of recent economic statistics this week including ISM and jobs growth.
Mrs. Thatcher famously said, “The trouble with socialists is that they always run out of other people’s money.” That dictum really stands the test of time, doesn’t it? Running out of other people’s money? Today?
So, the cronyists are “on edge” and feeling “anxiety.” Gee, just breaks my heart.
All the great news about rising home prices creating a wealth effect is an overstatement, because consumer debt remains double that of 2001.
I heard the word compromise a bunch right after the election just like I heard the word "pragmatic" a lot after the previous election. I wanted to believe it back then, and I don't see it right now.
In an interview with Larry Kudlow, Richard Fisher, president of the Dallas Federal Reserve Bank says that there is a limit to what the Fed cam do to stimulate the economy is face of fiscal irresponsibity.
Even though emerging markets continue to grow at a faster pace than in the United States, this trend hasn't paid off for investors recently.
If the silver/gold ratio drops below 50, it may be tempting to lock in some silver sales. Silver is a harder call on the sell side because of the wild volatility in prices.