Home » September 23rd, 2011
September 2011
The Age of Austerity has arrived with a vengeance in U.S. cities. City budgets shrank 1.9% in 2011 after 4.4% declines in 2010 and city revenues declined 2.3% this year for the fifth straight year of declines, according to the annual report from the National League of Cities. While tax revenue and state and federal aid decline, costs are increasing including pensions and health care. Cities have responded with layoffs, hiring freezes, pay cuts and service cuts. [A picture is worth a 1000 words so here are 11 charts that show just how bad the situation really is.] Words: 333
September 23rd, 2011 | Posted in Debts/Deficits,Economy | Read More »
Canada, France and Switzerland stood alone among nine markets measured in recording annual price gains, based on second-quarter data, with inflation-adjusted price increases of 5%, 5% and 4%, respectively, compared to declines of 6% in the U.S., the U.K. and Australia, 10% in Spain and 14% in Ireland. In fact, Canada’s home prices have escalated 44% since 2005 – with a high of 68% in Vancouver – and they are up 7.7% in the past 12 months! Words: 1244
September 22nd, 2011 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
“We overshot on the upside when [gold] went over $1,900.We’re now close to bottoming at $1,500, and if that doesn’t hold it could bottom to between $1,100-$1,200.”
September 22nd, 2011 | Posted in Gold/Silver,Investing | Read More »
Objective and independent thinking is increasingly important to investing and trading success, particularly in the current and prospective economic and financial market times. How do you score yourself against the 15 ‘successful people traits’ outlined below? Words: 855
September 22nd, 2011 | Posted in Personal Finance | Read More »
If there is one thing we’ve learned about gold in recent years – and recent days – it is this: gold is not a haven investment… There are many theories about gold’s correction. [Let's take a look.] Words: 781
September 22nd, 2011 | Posted in Gold/Silver,Investing | Read More »
Saving money isn’t all about whether or not you know how to score screaming bargains. It has more to do with your attitude toward money. Many millionaires, in fact, have frugal ways and understanding how personal traits can influence your finances is an essential ingredient for building wealth. Do you have the 10 key traits to become rich let alone very, very rich? Words: 815
September 22nd, 2011 | Posted in Personal Finance | Read More »
I think the silver margin increase (and the corresponding drop in silver’s price) instituted by China spells out in big bold letters – a once every century GLOBAL SHIFT IN THE WORLD’S CENTER OF POWER, TRADE AND INFLUENCE. I hope you’re paying attention – this is history in the making. [Let me explain.] Words: 560
September 22nd, 2011 | Posted in Gold/Silver,Investing | Read More »
When you just consider the downgrade of U.S. debt, the jobs problem, the housing situation, the European bank concerns and their debt crisis, the negative outlook for the global economy, not to mention that the Fed will likely seek new measures to help the economy, we just don’t see gold coming down any time soon, other than having a normal downward correction [as currently is the case. Let us show you why.] Words: 1102
September 21st, 2011 | Posted in Gold/Silver,Investing | Read More »
On a theoretical basis, everyone knows to buy when others are fearful, to be contrarian, to avoid panic. On a practical basis, [however,] hardly anyone has the discipline and courage to act. [Below I outline] three ways that the individual investor can profit from the current volatility. Words: 614
September 21st, 2011 | Posted in Investing | Read More »
The widespread stagnation in wages, rather than the level of unemployment, may offer a better explanation for the failure of economic growth to accelerate two years after the end of the recession. Workers’ ability to negotiate higher earnings won’t return until the job market strengthens, and flagging confidence has raised the risk that consumers may retrench. [Let us explain.] Words: 1018
September 21st, 2011 | Posted in Economic Overview,Economy | Read More »
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