Another day, another debt ceiling discussion. We’re set to hit the debt ceiling by this Friday, February 7. And this time, the Treasury forecasts that the U.S. will be out of “extraordinary measures” (read: accounting gimmicks) within a few weeks, so there isn’t much time to figure things out. Congress has raised or suspended the…
Growth Continues With November Job Report
The economy has seen a jolt for the second straight month as employers added 203,000 jobs in November. Unemployment dropped .3 percent to 7 percent, which is the lowest its been since 2008. Economists predicted November to add 180,000 jobs and for the labor market to fall just .1 percent, so statistics were better than…
Metals Drop in Response to Shutdown
This morning’s gold, silver and other-precious-metals plummet is, at first blush, surprising. The typical response to government uncertainty is an increase in the price of safe haven investments, including metals. Instead, the government shutdown has precipitated a quick drop. So what’s going on? Gold and silver in particular are considered hedges against inflation. But with…
