While last Friday’s jobs report for January had good news that unemployment declined from 10 to 9.7%, payrolls declined by 20,000, below consensus estimates that the economy would gain 15,000 jobs. 1 This raises the question of how both unemployment and the number of people with jobs can be going down at the same time. ... »
Back in November, when gold was red hot, I warned investors against making big bets on gold or gold-related assets in the 4th quarter of 2009. I was on target here. During the week of that writing (November 16-20), gold was trading in the $1,130-$1,150/oz. range. It hit a peak of $1217.40 on December... »
This website supports the reappointment of Ben Bernanke as Chairman of the Federal Reserve. The following is an open letter to Maryland Senators Barbara Mikulski and Ben Cardin, neither of whom have yet to publicly express their position on Bernanke’s reappointment: Dear Senators Mikulski and Cardin: As a Maryland resident, I write to ask that you... »