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Markets?
We think that the months before the U.S. election in 2012 will be much like the months between the fall of 2008 and early 2009, when the U.S. market bottomed.
We detect no decisiveness in Europe, which happens to be the epicenter of the current market meltdown. There is clearly no decisiveness in
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The Debt Ceiling Raised, but Mega Problems Still Unresolved
Congress has voted to avoid a short-term default on its obligations. Thankfully, the operatics are behind us; at least for a while. More importantly, the U.S. is still no closer to finding a long-term solution to its dire fiscal problems. The legislation that was passed
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Why The U.S. Economy Is Doing So Poorly?
As we look around two years after the end of the recession in mid-2009, we find a still grim economic landscape, with unemployment statistics stuck in the doldrums and hardly a hopeful sign of improvement. Gross domestic product growth is ever so slow.
Why is
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More Fuel for the Gold Rush of 2011
Summertime, history tells us, is wobble time for gold. It weakens in value. Not so this summer.
Moreover, gold usually drops in value when the dollar rises. Not so now. Since May 1, gold is up 2.58% percent even as the dollar has risen
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Dear Jim,
I find myself even more bullish on gold than usual at this juncture. Although we have been bullish on gold for many years and have been very grateful for your wisdom and guidance on gold and many other areas, today I see a confluence of positive fundamental factors for gold from many
Continue reading Euro Stress Tests Great For Gold
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The Fraying European Union
After a tragic history of bloody wars, Europeans have looked for decades with great hope at the transcendent aspirations of continental cooperation, a European Union aiming to improve relations, enhance trade and prosperity, and prevent future wars. In such a fraternal climate, one might think
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Eye on Washington: Oil and Food Price Manipulation
Nothing stirs politicians into action more than a loss in public confidence…especially with an election coming. Currently, food and fuel inflation is contributing to disenchantment. The fact that policies the politicians themselves have brought about are responsible for the inflation is lost on them. In response
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International Energy Association To Sell Crude Oil From Government Stockpiles
Today, the U.S. and IEA decided to sell 60 million barrels of oil over the next month, supposedly to make up for the 1.5 million barrels a day that was produced by Libya.
This is a political maneuver which will have a short term
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