This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Here are this week’s need-to-know facts about the stock market, economy, Wall Street, and life-changing global events… It’s the numbers that count in this crazy world. They can tell stories that words sometimes can’t. Here’s a look…
Our friend and frequent Money Morning contributor Frank Holmes put together a chart of S&P 500 gains that you have to see.
The index closed July with a monthly gain of 4.9%. This is the 14th month since 2009 that the S&P 500 has gained at least 4%.
With silver prices down some 30% year-to-date, is now a good time to buy silver?
We at Money Morning love the buying opportunity being presented in the silver market. With a near zero interest policy in the U.S. likely to stay in place for at least a few more years, and global monetary printing presses continuing to run at full speed, precious metals like silver are once again a lucrative, and now much cheaper, asset.
Rick Rule agrees.
Money Morning recently spoke to Rick Rule, president of Sprott Asset Management and founder of Global Resource Investment Ltd., about silver’s decline in 2013 and what investors should do now.
Here’s what he said about if now is a good time to buy silver…
We’ve heard reports of a slowdown in the Chinese juggernaut. Forecasts have shown that China’s economy will grow by “only” 7.5% in the second quarter of 2013.
Europe is already in a recession, and America’s own economic growth is wheezing along at less than 1% this quarter.
Is the media hype about China’s economic growth slowdown overblown, or will it have real fallout for the United States and Europe?
Mounds upon mounds of corruption were at the root of the subprime financial crisis.
Our hatred of the fat cat bankers who made millions off of predatory loans, and the lazy regulators, who did nothing about it and even enabled it, knows no bounds. Even more infuriating is the lack of consequences for what they did.
Last week, President Obama indicated that Federal Reserve Chairman Ben Bernanke will likely step down in January when his term ends. After taking office in 2006 under then-President George W. Bush, Bernanke has facilitated the greatest economic transfer of wealth from America’s grandchildren to banks and foreign nations in the name of sustaining the Keynesian vision of the economic stimulus.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. There’s a growing wealth divide between the richest Americans and the rest of us. Just how much of a disparity might surprise you. This YouTube video, posted by site user politizane and based on data from a Mother…
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