Where is the US economy headed?

@spendius,

There are many professors on line now sharing what they know for free.

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Is what they share worth having?

Sure it is but they do make mistakes like you and me!

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You sound like a platitude machine rl.

Very little of what I share is my original work most of what I share I have picked up from others like you and many others!
Are you not the same way? Did you not learn most of what you know from others?

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@Rockhead,

Share it with us or at least a slice!

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@reasoning logic,

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Did you not learn most of what you know from others?

Not only is that true, but almost every new product created is done so heavily on the backs of others. Humans tend to be egotistical little shits though, most of us think that we did it almost all by ourselves.

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@Rockhead,

Rockhead wrote:

I know this is off topic, but...

has anyone else seen the new domino add?

Jesus really liked the pizza!!!

Ya, I had boycotted that low flavored cardboard for over ten years then my kid talks me into trying the "new" version, so much better she says. NOT. It is slightly better though, but not enough to pay for it.

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@reasoning logic,

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I wish I would have bought more gold when Spendius

What was his buy in price, and how much did he buy?

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@hawkeye10,

NEKKEI opens down 1.5%

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@hawkeye10,

I do not know the exact price or how much Spendius bought but I think that it was in 2003 when gold was less than 400.00.
I am only going by memory which is not very credible!

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Gold breaks $1690.

That is all.

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Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary, ending speculation he would leave the administration.

The Treasury Department released a statement Sunday saying Geithner had informed the president of his decision to remain in the administration.

Geithner is the only remaining top official on Obama's original economics team.

In late June, people close to Geithner said he was considering leaving after the debt limit was raised in August. They said he was tired of commuting to New York, where his son will be finishing up his last year in high school.

However, various administration officials including White House chief of staff William Daley had been lobbying Geithner to stay. Geithner has enjoyed a close working relationship with Obama.

http://finance.yahoo.com/news/Geithner-says-he-will-stay-at-apf-1705534213.html?x=0&sec=topStories&pos=4&asset=&ccode=

Somewhere a couple days ago I was reading speculation that Geithner would not be allowed to leave, as team Obama is running out of economic experts just as the nations economy seems to be crashing again.....

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@hawkeye10,

First we have the housing bubble and now the gold bubble.

People will never never learn it would seems from one bubble to another.

I suggest that we(US) sell into this market some of the 8,000 tons of gold we have in Fort Knox.

Let see 8000 tons of gold at current prices would be 400 billions give or take a dime or two.

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@BillRM,

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First we have the housing bubble and now the gold bubble

Perhaps it is irrational pessimism, but no number highlights the psycology of the market better than does the gold price.

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@hawkeye10,

Hawkeye the stock market all things consider is not doing all that badly even in light of the markets drops of late and in my opinion you need to have a particular and fairly uncommon mind set to view gold as a safe haven for wealth with it history of it price bouncing around like a super ball.

In any case the market for gold is not all that deep as even with it current price all the gold in Fort Knox is “only” worth a fraction of the funds that are move around the world in any given 24 hours.

The current gold prices in my opinion just reflection of speculators playing a game of chicken with each others and on the side trying to draw in as many inexperience investors as possible to hold the bag of gold or more likely gold certifies when the bubble burst.

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@BillRM,

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The current gold prices in my opinion just reflection of speculators playing a game of chicken with each others and on the side trying to draw in as many inexperience investors as possible to hold the bag of gold or more likely gold certifies when the bubble burst.

The top 15 holders of gold are all central banks and the IMF and you are going to tell me that the price of gold is driven by speculators and naive (read small time) investors?? At these prices! Drunk

http://www.cnbc.com/id/33242464/The_World_s_Biggest_Gold_Reserves?slide=1

Last week one of the biggest causes of the bump was news that South Korea (the Bank of Korea) is buying, jsyk

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The futures now has the DOW opening down 2%....this could get interesting. A couple of years ago when we put in the circuit breakers we also but in a downside limit on market futures trading....anyone remember what it is in percentage?

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@hawkeye10,

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The top 15 holders of gold are all central banks and the IMF and you are going to tell me that the price of gold is driven by speculators and naive (read small time) investors?? At these prices!

Yes Hawkeye the price of gold is being set by speculators.........

The gold being hold by central banks for the most part is not in play any more then the gold in Fort Knox is in play.

The price of gold is set by the amount of gold that is in play not the gold setting in the vaults of central banks.

Hell if the US would dump 8,000 tons or any large fraction of that amount on the market the price of gold would likely be less then a 100 dollars an ounce.

The gold market can be control the way it is due to the fact that it is shallow market.

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@BillRM,

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Yes Hawkeye the price of gold is being set by speculators...

Ok, maybe,,,,,the hedge funds are big enough to pull it off....

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GOLD HITS $1700 according to goldprice.org.

That is all.

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Gold easily breaks $1710.

That is all.

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@hawkeye10,

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Gold easily breaks $1710.
That is all.

The average price of a home hit 375 thousands plus in CA that is all.......

The few acres of lands in Tokyo were worth more on the books then all the lands in the state of Florida that is all.

The Hunts brothers cause the price of silver to hit 50 dollars an ounce from 6 dollars an ounce in 1973 that is all.

A bubble is a bubble is a bubble and it does indeed say something about human nature but does not reflect any underlying economic reality beyond that.

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Right down the toilet

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Where is the US economy headed?

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