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 →
Without a doubt, President Obama has clearly targeted higher income earners for tax increases, but he has vowed to not impact other wage level earners. However, House Majority Leader Steny Hoyer, a Democrat from Maryland, says "that thinking may have … Continue reading →
BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. This must be a real blow to BP to lose one if it's … Continue reading →
Silver value today is at a critical juncture in history. The current fundamentals of supply and demand are about to spur an explosion in silver prices after building pricing pressure over the last 60 years… and it's going to blow … Continue reading →
It's a story not being told by the mainstream media, but Erskine Bowles, President Obama's debt and deficit commission co-chair, offered an ominous assessment of the nation's fiscal future last Sunday, calling current budgetary trends a cancer "that will destroy … Continue reading →