I am in the midst of a trip, and also moving out of our home in Tucson. Sorry for the lack of economyguys, but nothing much is happening other than gold is going up, of course. I am happy. Here is a short one to educate you on a little history. Roman Inflation – so [...]
Stocks were down most of the day based on fears in Europe, but ended up 24 at the end of the session. Interest rates fell as money flowed into the safety of US bonds. The Euro gained today and is a strange phenomenon. Perhaps were are seeing the end of a short squeeze on the [...]
Stocks zoomed up today in jubilation. Bond interest rates rose significantly. Oil prices and gasoline prices rose. Gold rose. The Dollar sand, as the Euro rose. What does this all mean? You can’t tell from the markets, that’s for sure. You can expect higher gasoline prices coming your way again. And, mortgage interest rates are [...]
Mostly a dull day in all the markets as most of them went sideways and positioned themselves for the coming weekend. In the news today….. Japan at risk of Greek tragedy – Japan’s new prime minister, Naoto Kan, warned his country could face a debt crisis similar to Greece’s unless it urgently deals with its [...]
Stocks were up most of the day, but slumped on European fears. Bonds, the Dollar, oil and gasoline all moved sideways with an upward bias. Gold fell slightly with profit taking. It could fall slightly more before it continues its upward momentum. In the news today….. FED Beige Book – which compiles the 12 FED [...]
Stocks jumped up today after FED Chairman Bernanke said our economy wouldn’t have a double dip recession. But, people continued to worry about the European situation in addition. Bonds, the Euro, Oil and gasoline all moved sideways. Gold hit an ALL TIME HIGH of $1252, and fell back for a slight fall from yesterday’s close. [...]
Stocks fell 115 points today, and confirmed the bear market trend being carved out on the charts right now. European woes are being blamed on the downward bias of US stocks – huh? Well, there is some logic to that. If Europe melts down, it will have knock on effects here at home. Bond interest [...]
Stocks slumped 3% today as the worries over Europe and the joke of new jobs hit the news. Europe now overwhelms the good news in the US economy, and is driving stocks down. The overoverwhelming number of jobs were given to us from the government census project, and they will go away shortly. Bond interest [...]
Stocks were up most of the day, but fell dramatically at the end. Stocks are still jittery (and highly volatile) with the European scene. Bond interest rates remain low, and the Euro went sideways today. Gold continued its upward trend, and oil/gasoline fell slightly. In the news today….. Canada raised interest rates – 0.25% to [...]
Happy Memorial Day. I hope you are all celebrating this special holiday and honoring the fallen soldiers who have brought the freedom that we enjoy today. Without them, we could easily be speaking German or Japanese right now. In the news over the weekend…… Spanish Debt Downgraded – by Fitch from AAA to AA+. And [...]
