(888) 732-7391
GNW Logo
Search:

September 01, 2014

Main Image
The 1930s All Over Again?

Then, as today, societies were uncertain about which model of society to strive for and how to repair monetary systems. Societies bet on the wrong ideas; we may be committing similar mistakes now.

Many people draw parallels between today and the 1930s, labeling this the Great Recession. They note the high unemployment rate, referring not to the mismeasured, official statistic, but to the number more than double that rate, which also accounts for those who dropped out from the labor force and are no longer counted as “unemployed.” Others worry about the deflationary risk, the dollar devaluation, and the status of the U.S. dollar as reserve currency. More...



More Top Stories:

More Main Image
Let’s go over the fiscal cliff
Here’s an idea for how to start the New Year in a bipartisan fashion: Let’s go over the fiscal cliff!

Today, the only ones in Washington who advocate fiscal cliff-diving are liberal Democrats. It’s time for conservatives to join them. Letting the Bush tax cuts expire will strengthen the GOP’s hand in tax negotiations next year, and it may be the only way Republicans can force President Obama and Senate Democrats to agree to fundamental tax reform.

Right now, Democrats believe they have the upper hand in the fiscal standoff. Patty Murray (Wash.) — the fourth-ranking Senate Democrat and the leading champion on Capitol Hill for going over the fiscal cliff — says that Republicans are “in a real box” because “if they do nothing, those increased taxes [they oppose] will take place." More...

Average GDP Growth Less than Half of What Obama Predicted
The average GDP growth for the first three quarters of this year is 1.77 percent, according to data released by the the Bureau of Economic Analysis this morning. That is less than half of what the White House predicted GDP growth would be this year, and less than a third of what the Obama administration projected when it first took office.

Here's a chart from the Republican-side of the Senate Budget Committee, detailing real GDP growth numbers versus those predicted by the White House:

When Obama first came into office, in 2009, the White House projected that GDP growth this year (2012) would be 4.6 percent. Then, in 2010, the White House downplayed that projection to 4.3 percent. And last year, the forecast looked even gloomier, at 3.6 percent. More...

Featured Commentary:

Current Commentary Image
DEUTSCHE BANK: Western Economies Are Screwed, And Investors Face A 'Disturbing Paradox'
In a new report entitled Gold: Adjusting For Zero, Deutsche Bank analysts Daniel Brebner and Xiao Fu paint an incredibly dark picture of the bind the global economy is in right now.

Brebner and Xiao are pretty frank about how levered up the financial system is at the moment, and they warn that the next shock will be totally involuntary and unexpected.

Here is what the analysts have to say about how upside down the world is right now and the risks looming on the horizon:

We believe the balance of 2012 could remain challenging for investors, given the many negative indicators and warning signs. Certainly extremes in leverage in the Western economies and questions regarding growth in China present investors with a worrying post-2012 future. More...

Market Trends:



Video Headlines:

© 2007-2010 Gold News Weekly | Contact Us | Login/Register | Tips / Report Fraud