Tag: US recessionSort
Amid dismal job market, Americans grow warier of unions
Total Decline for US -What does that Mean for the Commodity Markets?
This is no ordinary downturn. After the biggest credit bubble in history, we face a correction on an unimaginable scale. Make no mistake about it: This is a credit-cycle bust that the government cannot stop. The losses are already catastrophic. And the massive unwinding is nowhere near finished yet…
162 Billion Reasons The Economy Will Improve In 2009
Rick Pendergraft says you shouldn’t underestimate the lift that tumbling gas prices can give consumers in 2009. Compared to the $4 a gallon peak in July, drivers will save $162 billion a year at today’s prices. Add that to a boost in confidence from the Presidential changeover, and Rick says a slow recovery could be on the horizon.
Why You Must Include Gold In Your Portfolio For 2009
Gold bugs have suffered one of their worst years in history, says Keith Fitz-Gerald. But the US dollar looks increasingly fragile beyond this period of short-term panic buying. And that means the outlook for gold remains strong. Keith says every investor should ensure gold forms part of their investment strategy for 2009.
Keith Fitz-Gerald says the recession that is now inevitable in the US and Eurozone will not necessarily evolve into a worldwide contraction. US influence in the global economy is waning, while China’s is growing rapidly. Keith says countries with high cash reserves and low external debt should bounce back strongest in the long term.