GDP Takes Right Hook in the Mouth

Yesterday as noted on here, the excitement of the GDP was at best questionable. Today, those questions blew up on investors as consumer spending fell and the stock market followed suit. The fact is/was the GDP news was based almost entirely on government spending. There is no business growth, see unemployment and there is no increased consumer spending as evident of today's announcement.

People grow tired of bad news, but here on this site, I am dedicated to offering the truth, something many places has decided against in favor of a political agenda. Remove the agenda or ignorant the bliss from this story and the fact is there is no story. An economy cannot sustain any form of growth with the government as the main player.

GDP Going Up?

The buzz today was the announcement of an increased GDP for the 3rd quarter. Sounds great doesn't it, but hold on. The components of the GDP include business spending, consumer spending and of course government spending. It is to believe under any spinning of the numbers that business and consumer spending drove the increase, it must be government spending.

Government spending has proven to be nothing more than a caffeine jolt, causing a quick rush, but resulting in a hard fall when the buzz wears off. It should surprise nobody when/if the GDP takes a fall very soon. In fact, most economists are predicting a decline in the very near future. The question is how hard will this fall be and will it create another round of caffeine injections are an actual cure? We shall see.

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Gold Prices Rebounding in Early Trading

Even with the solid economic numbers coming, such as the GDP up over 3 percent, gold is up in early trading; $11.30. Silver as normal is following gold's lead up .43. It appears gold and silver investors remain bullish on the precious metals, rebounding nicely after a few down days. The downward move of gold left some pondering if gold would slip back under $1000.

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Goldman Sachs Economist: Reccession is Over

Goldman Sachs Abby Cohen talks about the positives in the economy. Many oppose this view point, but I want to offer this to the readers. It is interesting however, that she admit the stimulus package is a quick, short lived boost. After that her reasoning for long time growth seems questionable, but of course this is a non-exact science.

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FOX Business News Live

Check out FOX Business News Live. It is best to watch as many different sources as possible. Investors should never lock onto just one source, although some are clearly better than others such as Casey and Jim Rogers over any of the cable channels.

FOX Business News.

BTW: P&G comes in .97 a share, missing expectations by 2 cents, at .99

Commodities Futures

Here's a look at the commodities future chart..Looks promising for the most part.
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Oh Honey, Pick Me up Some Gold...

This is an interesting story. Harrod's in London is now selling gold...Oh yeah, along with a new shirt I will take a 5 ounce bar of gold please...
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