Should the Republicans support the proposed “fiscal cliff” bill? Keith Boykin, Former Clinton White House Aide; Larry Elder, author and radio talk show host; and Roger Stone, Republican Strategist, share
David Mcalvany, CEO, McAlvany Financial Group explains why gold will still bring in returns next year as demand from both investors and central banks will continue to hold up.
Conditions show weakness, not improvement. Soft-land enthusiasts face rude awakening challenges. Later in 2012 and especially 2013, expect tougher times to reshape their outlook. They’re always notoriously behind the curve.
Bad policy begets bad results. Force-fed austerity promises hard times getting nasty. In fall 2007, residential housing’s reversal shaped events going forward. administration policies have been spectacularly wrongheaded. Planned late year austerity when stimulus is needed will be disastrous.
Inflation is much higher than reported. So is unemployment, growing poverty, and public pain. At the same time, high food, energy, medical, transportation and other costs grow more unaffordable. Households with limited resources feel it most.Home prices haven’t stabilized. Meaningful job creation is moribund. Solutions for issues this important aren’t addressed. Rhetoric substitutes for sound policy.
The following charts display the economic realities looming in regards to the U.S. Economy.
Photographer: Ramin Talaie/Bloomberg
A Chinese group agreed to buy 80.1 percent of American International Group Inc. (AIG)’s plane-leasing unit for $4.23 billion in the nation’s largest acquisition of a U.S. company.
The International Lease Finance Corp. acquirers, led by New China Trust Co. Chairman Weng Xianding, have an option to buy another 9.9 percent, New York-based AIG said today in a statement. The transaction, which values ILFC at $5.3 billion, passes China Investment Corp.’s $3 billion purchase of a stake in Blackstone Group LP (BX) in 2007 as the biggest Chinese-U.S. deal.
A group of Chinese investors agreed to buy an
In an exclusive interview on CNBC, Treasury Secretary Timothy Geithner assesses the current state of the “fiscal cliff” negotiations in Washington.
..but said the Obama administration was “absolutely” ready to go over the cliff if
Palladium shined brightest over all other ETFs in November.
ETFs Palladium Trust (PALL) soared nearly 13% during the month as workers went on strike at South African mines. The metal used in automobile catalytic converters is produced as a byproduct of platinum. South Africa accounts for 75% of global platinum mine supply.
Bloomberg reported platinum and palladium
Gold and silver have been trading sideways for most of 2012, but these precious metals may make higher prices their New Year’s resolutions. Although this market has been choppy and range-bound, gold appears to be poised for a possible breakout to the upside.
Gold (December) issued a buy signal on the daily chart Friday (Nov. 23) following a buy signal last Monday (Nov. 19), which was gold’s first buy signal since the trend changed to the upside. Gold is now super-trending to the upside and has closed above major resistance areas on the daily chart, which now acts as support. I define a super-trend as any market that trends above its nine-period simple moving average (SMA).
The trend remains up on the weekly chart and gold has little resistance overhead. Taking a look at gold’s weekly chart, you can see that gold has been stuck in a range for some time, and if gold takes out its September highs of around
Morgan Stanley’s David Greenlaw talks about his outlook for the U.S. and global economy. He speaks on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)
The global economy is likely to be stuck in the “twilight zone” of sluggish growth in 2013, Morgan Stanley has warned, but if policymakers fail to act, it could get a lot worse.
The bank’s economics team forecasts a full-blown recession next year, under a pessimistic scenario, with global gross domestic product (GDP) likely to plunge 2 percent.
“More than ever, the economic outlook hinges upon the actions taken or not taken by
1 – The Federal Reserve was not mentioned once.
2 – Ben Bernanke was not mentioned a single time.
3 – Quantitative easing was not mentioned a single time.
Throughout the centuries gold has been crowned the currency of “Captains and Kings” and if the GOP has it’s way, it will again become the standard for the US dollar. The US dropped the gold standard in 1971, under Richard Nixon. At the Republican National Convention, the platform committee called on Congress to establish a “gold commission” which would examine whether or not to restore the country to the gold standard.
Lew Lehrman, author of “True Gold Standard” believes that in order to preserve America’s economic prosperity,
