Gold….. Why do I continue to recommend gold? Well, it is the fundamentals of what is going on in the US economy. In particular, here is what I see: The US economy is going sideways at best. The FED is doing a Quantitative Easing 2 and is now more than half way done printing $600B. [...]
$38B Budget Reduction????? $38B – that is the amount of the current year’s money that the Republicans in charge of Congress will put forward to cut. This is the topic of today’s economyguy, and if it is “fair,” and what you can do about it, and what is actually going on in Congress. Is it [...]
Thinking the Unthinkable…… Today’s economyguy is devoted to thinking the unthinkable. It’s unthinkable at least as far as I have been taught. Sometime in April the US Government will have spend so much money that it’s debt will be hitting up against the “debt ceiling” created by Congress. Congress created it to have a mechanism [...]
Interest Rate Warning….. Have you noticed that interest rates are going up again? This morning, the 10 Year Treasury Bond is at 3.65%. The FED QE2 actions are clearly associated with rising interest rates, even though those actions are supposed to keep the rates down. The 10 Year Treasury has risen 1% since the announcement [...]
The Big Picture….. As I sat watching the Prime Minister of Ireland resign last Tuesday, I reflected on what had happened to Ireland over the past few years, and how it got into the mess it is in today. The current government had to resign because they had lost the confidence of the Irish Parliament [...]
In the news today….. Unemployment is 9.0% – Really?? How does the unemployment rate drop from 9.4% to 9.0%, but the employment market only gains 36,000 jobs? The answer is very easy if you look past the headline. The number of people in the “unemployment pool” fell from 15 million to 13.9 million people. In [...]
The latest on Egypt….. Well, I know you can’t miss the headlines of the violence in Egypt. I want to talk about what is going on; how it might roll out, and what it means to you. To summarize: Tunisians went to the streets, and overthrew their President. Egyptians then went onto the streets and [...]
