So how is gold doing lately?
Buy Buy Buy...
- Thread starter Jarod
- Start date
So how is gold doing lately?
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<-- sched 2, MJ sched 1
from 1900 high to 1600
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The Almighty
Rationalist
Hail Voltaire
Are you suggesting that the 0.4% drop in unemployment means we're not on the verge of a double-dip?
Consider the primary reason it went down: 315,000 people stopped looking for work. How is that a positive thing?
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The Almighty
Jarod just like bumping his own threads. The markets have been like a yo-yo for the past several months. yet Jarod somehow thinks we are recovering. Despite the problems in Europe, China and the US.
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Darla
And you? Do you think 2012 will continue the recovery or do you expect a backslide? Partisan politics aside, that's not why I am asking.
Billy the Great Khan
Uwaa OmO
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The Almighty
if it was just the US economy causing concerns I would say we would likely see a rally next year as politicians of both parties like to prop up the market in an election year by any means necessary.
If Europe holds itself together, I think that is still a likely scenario. But that is a big IF. Some idiots are still proclaiming that Europe should solve its massive debt problems by issuing more debt. If that line of thought prevails, the pain is only going to intensify. The politicians there, like here, are constantly trying to push the implosion into the future with short term fixes. That is why our markets have been yo-yoing so much this year.
Every week or two we shift from "all is well" to "all hell is going to break loose" and then back again to "all is well" a couple weeks later... rinse... repeat
Greece is done. Best guess is they will slide out of the Euro, devalue their currency and inflate their way out of their debt issues.
Spain and Italy have about 5 and 6 times the debt of Greece respectively. Out of the roughly $2.5 Trillion between the two, France owns about $730B. Which is why you will see France do anything and everything to help prevent one of those two from defaulting.
11 months is all Obama and Congress need to push it out far enough to where the implosion doesn't take them out of office. It will be interesting to see what they come up with as stop gaps to try and push this out.
Bottom line, I think they may succeed in pushing the problem into 2013, but I think the further out it goes, the more painful it will be when it implodes. My opinion is that it will be late 2012 or early 2013 that we see Europe disband the Euro (or at the very least kick out 3-4 current members)
Im suggesting that the breathless calls for a double dip recession two months ago were premature at best.
I agree.
wiseones2cents
Verified User
LOL!!! I'd rather put my money on betting that the stock market does a nose dive. Everything is overvalued!
DamnYankee
Loyal to the end
Stocks are simply keeping up with the real rate of inflation. The reported inflation rate doesn't include food and fuel, and those have gone up big time.
Try again.
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The Almighty
Incorrect. They report both numbers. CPI with food/energy and without. They do so to show where (to a degree) the inflation is coming from. Given that food and energy are typically the more volatile areas of the CPI, that is why they do both.