As US consumer spending increases, more of the household budget is spent on fuel and food. The Federal Reserve raised its estimate of inflation this year to a range of 2.1 percent to 2.8 percent, taking into account a recent … Continue reading →
Gold rose above $1,500 an ounce to a record in London and New York on a weaker dollar. Silver reached a 31-year high, Bloomberg reports. Crude oil spiked to $109.52 per barrel. Light, sweet crude for June delivery rose $1.19, … Continue reading →
Average fuel prices in the United States spiked six cents overnight late last week. Fuel costs on average rose 12 cents in the week from February 20-25. A sustained trend in increasing gas costs is forecast as oil futures continue … Continue reading →
During his Bretton Woods II weekend conference, billionaire financier George Soros has issued many bold statements, not the least of which included claiming that the Dollar had already fallen as the world’s reserve currency, and is now reduced to sharing … Continue reading →
The national average fuel price is all however certain to hit $4 a gallon by summer. The price of oil has been increasing due to lower oil production and exports in Libya and Middle Eastern countries affected by political unrest, … Continue reading →
The outlook of Gross Domestic Product of the United States in 2011 has been downgraded to just a few percent. News reports often cite the GDP to explain the health of the economy. Economic growth, however, is far too complicated … Continue reading →
Bloomberg warns today that an act of sabotage or a decision by a new regime – possibly headed up by the Muslim Brotherhood – to close the canal and its oil pipeline to punish supporters of Egyptian dictator Hosni Mubarak … Continue reading →
Following rumors of a “bank holiday” that could limit or prevent altogether cash withdrawals later this week, Twitter and other Internet forums were raging yesterday about numerous ATMs across the country that crashed in the early hours of Sunday morning, … Continue reading →
Today the weak economic data is not prompting a flight-to-the-dollar. Today the weak economic data is causing dollar selling, because it's becoming crystal clear to folks, as ForexLive notes, that quantitative easing II is now a done deal. No more … Continue reading →
The Case For Gold Although this article was written in January 2002, Meyer's points are even more relevant today. The subject of money is rarely discussed by the press or Wall Street, and it is not taught in school. But … Continue reading →