Where is the US economy headed?

What would you buy Bill if you had the job of investing the piling up of savings?

Interesting question as I do have my retirements saving sitting in an account earning only a few percents a year and it is annoying that if the rates was anywhere near where they used to be my retirement would be one hell of a lot more comfortable.

To added insult the Fed had just announce that this situation will continue for at least two more years.

Obama lies - the economy dies

How are your KKK meetings going?

Only you and your ilk would know about going to KKK meetings.

8 hours late cause I have been busy:

Gold easily breaks $1870.

That is all.

Would that it were true.

Do you have a personal problem that you would like to discuss with the class?

The Dow made it into the positive briefly around 11am, but it has been all downhill from there, now sinking fast. Down 1.6% at last look.

I guess your repeated updates on the price of gold are supposed to mean something, although for the life of me I can't think what. Rather than littering the thread with your attention-whoring posts, though, why not provide a link to a site that displays the current price of gold, like this one? That way, anyone who is truly interested in the price of gold can just look it up -- frankly, I doubt very much that someone out there is waiting breathlessly by their computer for you provide that information. Meanwhile, if you actually have some sort of point that you're trying to make, I suggest you just go ahead and make it.

they are not updates, they are markers each time gold pushes into the next record trading price on the .1 scale. 1700, 1710, 1720 ....


It is a real time pointing out of the deteriorating psychology of the markets, it part because it is important and it part it is a giant **** YOU! to Set and all the rest who continually accuse me of being an ignorant chicken little. The global economy sucks, I have been saying so for a long time, and my evaluation has been built upon reality not the motive of running around trying to get attention by saying the world is going to end as I have been accused of.

I am not above spitting out a few "I told you so's"...

Give it a rest.


Oh, you're the guy.

In that case, the proper update is "Gold breaks $x,xxx. Told you so".

That would be like the pilots who turn off the warning sirens as they are crashing because they are annoying....I think we let the sirens stay on. We still have far to many people who dont think we have much of a problem as evidenced by the fact that the Great Recession did not work to wake people up to the fact that reforms are needed. Early on there were calls for global conferences- for reordering how decisions are made, but they soon got blown off, and Obama was one of the worse foot draggers. In the end nothing was done, and so here we are, sinking fast.

Until we have consensus that the global economy does not work and needs to be made anew let the warning alarms ring forth....

And the price of gold is relevant to all that because ... ?

I agree the constant reminders are a bit tiresome. However, the continued rise (bubble?) in gold prices is surely indicative of growing concern about either future economic performance and/or the likely consequences of exploding U.S. debt and a decline in the dollar.

We face a perverse combination of high public debt levels (high private debt too by international standards) and slowing economic performance. A situation in which the rather blithe Keynsian formulas were never proposed as effective - even by their author. The argument, based on history, that a sharp decline in the value of our currency will result is fairly persuasive. Even today's news points out the Fed's dilemma as they try to hold interest rates to very low levels to "stimulate" the economy - while inflation in the prices of consumer goods and vital commodities accelerates.

My opinion is that we need to look to other non-debt inducing measures to both stimulate the economy and combat the steady rise in the prices of basic commodities. Resuning petroleum production in the Gulf and in Alaska would be a good start - certainly more effective than more Federal giveaways financed by more debt.

Without question. But the rise in gold prices doesn't mean that the global economy is structurally unsound or that it needs to be radically altered. It just means that, in an uncertain economy, investors will put their money in assets that they consider to be certain. Gold is one of those assets, but by no means the only one. That's hardly a profound insight.

Posting the price of gold to prove that the global economy needs major reform is rather like trying to prove (or disprove) global warming by posting the daily temperature.

The administration got your message, George! The Dept of Interior announced today that oil drilling rights in the western Gulf will be auctioned off on December 14th. It will be the 1st auction since the massive oil spill.
The article I read mentioned 20 million acres in, I think, deep water. The minimum bid is set at $100/acre which is up from about $38.
This is a subject about which I know little.

The price of gold proves a lack of faith in the economy, it is the asset of last resort. Perception is reality here, if the people with the wealth don't have faith in what we have then it must be changed. The price of gold today is proof that reform is required.