The price of gold is taking a beating today as investors worldwide are rushing to dump the precious metal. CNBC blames Cypress. Gold prices continued to plummet Monday on concern that Cyprus will have to sell excess reserves of the…
Tag Archive for stock market
Extractor Economics
by Lonely Conservative • • 2 Comments
Jeffrey Lord linked to the Hannity Special on how the well connected in DC are getting richer while the rest of the country gets poorer, and expanded on what Lord calls the “extractor economy.” What drives Washington’s soaring affluence —…
Initial Jobless Claims Soar To 439,000 – Updated
by Lonely Conservative • • 13 Comments
Isn’t it interesting that the jobless claims reported in the weeks leading up to the election were so low, and now that the election is behind us we get a report like this one? Of course, it was all unexpected…
How the Federal Reserve Costs You Money
by Lonely Conservative • • 3 Comments
If you look at the stock market, you might believe that the monetary policies of the federal reserve have been good for you and the economy. In reality what they’re doing is decreasing the value of the dollar, thereby increasing…
Say What? Foreign Central Banks Buying US Stocks?
by Lonely Conservative • • Comments Off
Bloomberg reported that Israeli and other foreign central banks are now buying up US stocks. Can you say bubble? The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S.…
Due to ‘Rigged Markets’ Strategist Can’t Make Predictions
by Lonely Conservative • • 1 Comment
Zero Hedge has a fairly scary read on the global economy by market strategist Bob Junjuah. Did I say scary? I meant to say terrifying. He wrote that”Markets are so rigged by policy makers that I have no meaningful insights…
Stock Market Tanks Again, Obama Gives Another Speech
by Lonely Conservative • • Comments Off
If the stock markets have many more days like today, there are going to be a lot less rich people out there for President and the Democrats to trash. Good grief, I’m going to have to remove that little market…
Stocks Down, Gold Up, States Could Get Downgraded, and Obama Still Wants to be Landlord
by Lonely Conservative • • Comments Off
Other than the price of gold surging there isn’t much good to report on the economic front today. The stock market tanked again, with the Dow down over 500 points for the day. How depressing. If that wasn’t bad enough,…
Obama Must Have Stayed Quiet Today
by Lonely Conservative • • Comments Off
I see the stock market made some gains today. President Obama must have avoided speaking publicly. CNBC reported the good news: The Dow Jones Industrial Average soared 429.92 points, or 3.98 percent, to close at 11,239.77, after fluctuating heavily in…
Obama Speaks, Markets Tank
by Lonely Conservative • • 4 Comments
I just saw at the bottom of the TV screen that today’s drop in the Dow was the 6th worst one day plunge ever. Nothing like going to work to escape reality. Other than glancing at the little stock market…
Dow Plunges, Another 400,000 Jobless Claims, Income Down, Obama Blames Bush
by Lonely Conservative • • 7 Comments
What a horrible day to turn on the news. Good grief. This morning we heard the news that we had yet another week with new jobless claims at 400,000 or above. They’ll probably revise this last one upward when nobody’s…
Delusional Wasserman Shultz: We’ve Turned the Economy Around
by Lonely Conservative • • Comments Off
How do these people sleep at night after telling lie, after lie, after lie to the people they’re supposed to work for every day? Good grief. Debbie Wasserman Schultz was in friendly territory when she told Al Sharpton on MSNBC…
Life’s a Party for President Obama
by Lonely Conservative • • 1 Comment
Boy, life sure is good for President Obama. He filled out his NCAA bracket (I hear he went out on a limb and jinxed picked the four top seeded teams to make the Final Four.) He enjoyed a fun filled…
More Gloomy Economic News – Bad August for Stock Market, Auto Sales Expected to Be Way Down
by Lonely Conservative • • Comments Off
I wish there was some good economic news to report. But Barack Obama is our president and Democrats control both Houses of Congress, so I guess the good news will have to wait. Sorry. Bloomberg is expecting that US auto…