Mo Omer
Second quarter US GDP gains of only around 1% cause stock markets to drop.
What’s behind this slow-moving economy? Depressed and less-confident consumers. Consumer spending rose only .1% in the second quarter of 2011, indicating that the road to economic recovery is more like an unpaved trail to economic stagnation
Balanced Budgets – Too Little, Too Late?
Over the past few months, states all across the nation raced to enact balanced budget acts, sending shockwaves to their local economies by abruptly slashing government spending. Though defense spending rose in the second quarter, government workers at the state level have been hit by shutdowns and budget cuts.
Gold Soars to New Heights – Current Price: $1627.60
It’s no secret: Gold has been making huge strides as economic uncertainty grows among consumers. What’s new, however, is the unprecedented amount of risk associated with holding any assets tied to paper money. So, however the nation resolves the current debt-ceiling crisis, consumers and investors alike will be better off holding precious metals than a devalued paper currency.