Folks here are the facts; the recession continues and the economy is struggling. Unemployment reached a 25 year high in June and there's really no end in sight. Despite the talk of a recovery, one needs only to look around; businesses are in a holding pattern. There is no growth now or in the near future. Critical economic segments such as real estate and resort/gaming industry are floundering.
Housing (apartments) prices in Manhattan dropped nearly 50 percent. Saying well that's New York, not so fast. In Dayton OH, prices dropped nearly 4 percent in the last year, while foreclosures are up 10 percent. There is little doubt the real estate market remains staggered.
The gaming/resort business has been crippled by the downward tick of the economy and it doesn't appear to be changing.
The American dollar has been mostly down, a signal that the investment world is loosing trust in it. Foreign investors have been shying away from US Bonds and in essence the American dollar. The reason is the rapid growth of deficit spending, that has put on the world on notice.
Most if not all signals continue pointing to a staggered economy. Keep moving towards gold and silver and keep a sharp on eye on this ever changing situation.
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