To hear the Federal Reserve reports, you would think most Americans are rolling in the dough. According to the Fed total household wealth in the first quarter, climbed to a new high of $70.4 trillion. That figure is up from the $66.8 trillion in the boom time of 2007. Add to this the exuberant action … Continue reading
Americans began 2013 with enthusiasm and celebration as we narrowly avoided the dreaded fiscal cliff. Yet many experts feel that an even bigger cliff is looming on the horizon, and the blame is laid at the feet of the Federal Reserve, whose policies have only served to make matters worse. The Defense Federal Reserve Chairman … Continue reading
Looking at a chart of the unemployment rate overlaid with the employment rate it is easy to think they are a mirror images of each other. When the jobs rate goes up the jobless rate goes down and visa versa. That impression runs pretty true until you get to 2010. At that point the unemployment … Continue reading
In a recent assessment of the economy, a UCLA study that reviewed long-term movements of previous recoveries, found that the lackluster performance in the gross domestic product (GDP) is not generating sufficient jobs to grow a secure middle class. “Growth in GDP has been positive, but not exceptional,” UCLA economists wrote in their quarterly Anderson … Continue reading
CNBC 6/5/2013 The U.S. Mint at West Point is the only U.S. Mint still producing Gold and Silver Eagle coins.