This is an interesting turn of events and I for one like it. The German Federal Court has ruled their central bank must inspect their physical gold holdings in New York City. Why do I like this? Because by doing so, some of the aluminum hat wearing folks can be debucted...Of course they will still be out there, but this will add more evidence to their insanity.
Read the story on CNBChttp://www.cnbc.com/id/49540593
Thursday, October 25, 2012
Thursday, October 18, 2012
This is Why We Must Gain Knowledge
The numbers are in and as suspected, there was something wrong with the last unemployment numbers. California did not report their jobless claims and clearly this had an effect on the numbers. But, this is secondary.
The fact is can we trust any numbers? We have been trained to trust the government numbers, after all they were produced by independent agencies, free of bias. However, now it appears these numbers are biased leaving the investor wondering where to turn.
The answer is turn to everything. Sponge information from all resources, take in all reports and then decipher the information. Ignore the analysis, but build knowledge. Learn about the effects of inflation, deflation, higher and lower interest rates, monetary policies and housing market. Observe what is going around you. Are your neighbors and friends employed? Are businesses in your area hiring? How are things going at your place of employment. There are indicators all around us, clues as to how the economy is going. Learn to read them and drop the middle person, take away the bias opinions and trust yourself.
The fact is can we trust any numbers? We have been trained to trust the government numbers, after all they were produced by independent agencies, free of bias. However, now it appears these numbers are biased leaving the investor wondering where to turn.
The answer is turn to everything. Sponge information from all resources, take in all reports and then decipher the information. Ignore the analysis, but build knowledge. Learn about the effects of inflation, deflation, higher and lower interest rates, monetary policies and housing market. Observe what is going around you. Are your neighbors and friends employed? Are businesses in your area hiring? How are things going at your place of employment. There are indicators all around us, clues as to how the economy is going. Learn to read them and drop the middle person, take away the bias opinions and trust yourself.
Thursday, October 11, 2012
Unemployment Rate?
The most recent unemployment number came in as 7.8 percent and almost instantly many were yelling BS!
This is one of those moments where politics and economics are mixing and the end result is not good.
Take a look at Jack Welsh, one of the most successful CEO thinks about the number:
Jack Welch says it all...
It is a scary day when the president is being given numbers and intelligence to meet someone's agenda. It happened with the Iraq War and now appears to be happening with Libya and the unemployment rate...
Update...More questionable numbers coming from the federal government...Job Claims.
This is one of those moments where politics and economics are mixing and the end result is not good.
Take a look at Jack Welsh, one of the most successful CEO thinks about the number:
Jack Welch says it all...
It is a scary day when the president is being given numbers and intelligence to meet someone's agenda. It happened with the Iraq War and now appears to be happening with Libya and the unemployment rate...
Update...More questionable numbers coming from the federal government...Job Claims.
Tuesday, October 2, 2012
There is a danger of this blog sounding political, but the fact is economics and politics don't mix. Good investors stay away from politics. Sure they watch it, learn from it and are concerned by it, but to become a strong investor and make good financial decisions political neutrality is a must.
Looking at the current world situation things are unsettled and getting worse. Spain and Greece continue to boil over. Their unemployment numbers are astronomical and debt suffocating. Numerous bailouts have been tried and after a few months nothing changes. But these two nations are not alone. Nations around Europe are facing devastating economic issues. Yet, nothing has changed and the same old worn out ideas are being recycled. The turmoil in Europe will continue to be a drag on our economy, along with our own issues, that is a fact. So what does this mean for the common investor?
Europe is a prime example of why political neutrality is so critical. Sure the ideas are failing, but don't get caught up in debating why, leave that to Rush Limbaugh, Sean Hannity and Rachel Maddow. Instead, do your homework, search out investing opportunities. Remember, money will be going somewhere and if Europe is becoming a grave yard look for the new boom town (likely Asia).
Political debate is fun, no doubt. But it is a waste of time and a waste of money. Stay above it, move with it and take advantage.
Looking at the current world situation things are unsettled and getting worse. Spain and Greece continue to boil over. Their unemployment numbers are astronomical and debt suffocating. Numerous bailouts have been tried and after a few months nothing changes. But these two nations are not alone. Nations around Europe are facing devastating economic issues. Yet, nothing has changed and the same old worn out ideas are being recycled. The turmoil in Europe will continue to be a drag on our economy, along with our own issues, that is a fact. So what does this mean for the common investor?
Europe is a prime example of why political neutrality is so critical. Sure the ideas are failing, but don't get caught up in debating why, leave that to Rush Limbaugh, Sean Hannity and Rachel Maddow. Instead, do your homework, search out investing opportunities. Remember, money will be going somewhere and if Europe is becoming a grave yard look for the new boom town (likely Asia).
Political debate is fun, no doubt. But it is a waste of time and a waste of money. Stay above it, move with it and take advantage.
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