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Prime cuts of freshly ground US dollars
I want a hippopotamus for Christmas.
Why? Because I’m currently stuck watching our economy. Our disgusting, filthy, disease-ridden, unteachable-and-unwilling-to-learn economy. So, if I’m going to stare at a dirty, fat, dangerous consumption machine, I would at least prefer to have people lined up and paying to see it.
Chopping away at a valuable economic weapon
The Fed cut rates again. The market goes up 359 points. Millions cheer. Only hundreds know what this will actually mean for the economy. I’m not even sure that I’m one of them.
Unfortunately, as far as the rate cut’s apparent influence on the advancement in…
19Dec2008 | Oxbury Research | 0 comments | ContinuedGold Is Ready To Run Again… Make Sure You Watch This Indicator And Get On Board
Money… money… money.
Before you think I’ve gone off on an Abba kick, hear me out.
Thanks to the world’s central banks and their efforts to pump the global financial system with a ton of cash, the world is now awash with greenbacks, euros, pounds, and yen.
And I’m not talking billions here. I’m talking about trillions.
There’s no doubt that the U.S. economy needed to be bailed out of the mess it created for itself – and then spilled over into the world’s other economies, too. But this isn’t just a spare bit of cash stashed away for a rainy day – the…
16Oct2008 | Smart Profits Report | 2 comments | ContinuedDismal Holiday Shopping Season Holds Little Relief for the U.S. Economy
The usual Christmas rush will hold little relief for retailers and a flagging U.S. economy, as the National Retail Federation (NRF) predicts a lackluster holiday shopping season.
The NRF today (Tuesday) released its estimate for the 2008 holiday shopping season. The largest global retail trade association forecast a scant 2.2% increase to $470.7 billion in end-of-year retail purchases.
“Current financial pressures and a lack of confidence in the economy will force shoppers to be very conservative with their holiday spending,†said NRF Chief Economist Rosalind Wells in a statement. “We expect consumers to be frugal this season and less willing to…
23Sep2008 | Money Morning | 1 comment | Continued
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