Global Market Commentary, Analysis and Investments
No discussion of the upcoming collapse of the bond market would be complete without a mention of Social Security.
At least, after they've lost their money in stocks, real estate and bonds, Americans will at least have Social Security to live on, right? Wrong!
You know all that money you pay in Social Security taxes? Where do you think it goes? Into current expenses and US bonds!
[Read more...]Want to know what is really going on?
Investors are waking up. They are wiping the sleep from their eyes. Behold! No recovery.
Analysts and the commentariat are struggling to make sense of it. With record low mortgage rates, and after eight programs designed to boost up housing, for example, sales are still plummeting. July saw the biggest monthly drop in existing house sales since the Johnson Administration.
[Read more...]The United States experienced another interesting first on Wednesday. For the first time in the history of our union, the Securities and Exchange Commission brought charges against a State. The powers that be in New Jersey had been deceiving and misleading investors in regards to the fiscal well-being of the Garden State, and the SEC busted 'em. Bravo.
[Read more...]Nothing much happened on Wall Street yesterday.
And there's not much in the press today. The Financial Times talks of mergers and acquisitions, Australia's upcoming elections, and South Africa's drift towards Zimbabwe.
The International Herald Tribune (the overseas version of The New York Times) is concerned with elections in Haiti, Iraq bombings, and China's banking system.
[Read more...]Copyright © 2009 - Present · All Rights Reserved · Gold Stocks Today · Contact Us
The Summer the Recovery Went Missing
Let's see, what happened this summer? Easy question. The recovery went missing.
Ben Bernanke said so last week…or almost. He noted that the economy wasn't quite as spiffy as he had hoped and that the Fed stands ready, willing, and able to provide more help.
The stock market liked the news. After falling for many days, it rallied 164 points on Friday. Gold was flat.
[Read more...]