Posted by jake on September 7, 2010 · Leave a Comment
Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.
- It is a fact that gold in US dollars (and many other currencies) has gone up almost 400% in eleven years or 16% per annum annualised.
- It is a fact that the US dollar has declined 80% in value against gold since 1999.
- It is a fact that the dollar and most other currencies have gone down 98-99% against gold since 1913 when the Federal Reserve Bank of New York was created.
- It is also a fact that the Dow Jones (and many world stock markets) has declined over 80% against gold since 1999.
- It is a fact that gold has made a new all time monthly closing high in dollars in August 2010………………Local Marketing Tucson
Filed under Uncategorized · Tagged with bank of new york, currencies, dow jones, eleven years, Federal Reserve, federal reserve bank, federal reserve bank of new york, Gold, harmony, local marketing, localmarketingtucson, pace, technical factors, virtuous circle, world stock markets
Posted by jake on September 7, 2010 · Leave a Comment
Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation’s roads, railways and runways that would cost at least $50 billion.
The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee.
While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future………….Tucson Local Marketing
Filed under Uncategorized · Tagged with Barack Obama, ccc, Economy, infrastructure investments, jobs, labor day, last time, local marketing, localmarketingtucson, milwaukee, new ways, proposal, proposals, railways, runways, six years, swearingen, term investments, White House
Posted by jake on September 7, 2010 · Leave a Comment
By Alan Caruba
Between the time that George Washington took the first oath of office as president and when Barack Obama did—1789 to 2009, the United States had borrowed nine trillion dollars. Since Obama took office, it has borrowed or imposed nearly three trillion more debt. Tell me he is not deliberately seeking to bankrupt the nation.
In an August 28 Wall Street Journal editorial it noted that “To no one’s surprise except Vice President Joe Biden’s, second quarter economic growth was revised down yesterday to 1.6% from the prior estimate of growth of 2.4% which was down from first quarter growth of 3.7%, which was down from the 2009 fourth quarter’s 5%. Economic recoveries are supposed to go in the other direction.”
I was born during the Great Depression of the 1930s and have lived long enough now to find myself in a new one. There are similarities between the two, but the first one led to the creation of a variety of government regulatory entities and programs that should have avoided or at least were expected put the brakes on the current one.
At the heart of the current Depression is the government’s intrusion into the nation’s housing market via Fannie Mae and Freddie Mac, government “entities” that functioned to purchase the mortgages provided by banks and lending companies that, by law, were required to make “sub-prime” bad loans. They have since been seized and billions remain at risk until such time as they are removed from distorting the housing market………….Tucson Local Marketing
Filed under Uncategorized · Tagged with alan caruba, bailout, Barack Obama, fannie freddie, fannie mae, fannie mae and freddie mac, freddie mac, government entities, Great Depression, housing market, joe biden, local marketing, localmarketingtucson, mortgage industry, new mortgage, oath of office, president joe, quarter growth, regulatory entities, Wall Street Journal, wall street journal editorial
Posted by jake on September 7, 2010 · Leave a Comment
By Jim Hightower – AlterNet
America’s corporate chieftains must love poor people, for they’re doing all they can to create millions more of them. Let’s put a stop to this.
America’s corporate chieftains must love poor people, for they’re doing all they can to create millions more of them.
They’re knocking down wages, offshoring everything from manufacturing jobs to high tech, reducing full-time work to part-time, downsizing our workplaces, busting unions, cutting health care coverage and canceling pensions — while also lobbying in Washington to privatize Social Security, eliminate job safety protections, restrict unemployment benefits, kill job-creating programs and increase corporate control of our elections.
It’s said that the poor and the rich will always be among us. But nowhere is it written that the middle-class will always be there. In fact, it is a very recent creation in our society (and an unavailable dream for most people in the world)…….Tucson Local Marketing
Filed under Uncategorized · Tagged with alternet, corporate chieftains, elections, full time work, health care coverage, jim hightower, job, local marketing, localmarketingtucson, manufacturing jobs, middle class, part time, pensions, safety protections, Social security, Unemployment benefits, unions, wages
Posted by jake on September 7, 2010 · Leave a Comment
Last year, even as he struggled through the worst of the recession, Chris Upham said revenue at his District-based real estate and construction businesses doubled — allowing him to hire two agents.
But Upham said he hasn’t increased his staff thus far in 2010 and he doesn’t expect to for the remainder of the year.
That’s because his taxes rose sevenfold. And he said he anticipates they’ll increase again if the Bush tax cuts for people earning $250,000 and above expire at the end of the year.
As small businesses try to plot their recovery, attention is turning to what many owners consider burdensome policies — higher taxes, new accounting procedures and health-care mandates. Even as the government tries to help with an array of small-business initiatives, many owners say the intervention is as much a hindrance to hiring as the faltering economy………………………. Local Marketing Tucson
Filed under Uncategorized · Tagged with accounting procedures, array, bush tax cuts, business initiatives, construction businesses, Economy, hasn, Health care, hindrance, local marketing, localmarketingtucson, Real estate, Recession, remainder, Small business, small businesses, upham
