Volatile stock markets and depleted household savings in the US have only led to an increase in household borrowings and credit card debt. Going forward, the consumer’s support to the US economy is expected to dwindle. To protect from such external shocks, gold is a good asset diversifier.
we still haven t had that real acceleration that we want and in part because of the mess in washington again. it s been a recovery held back by stupid fiscal policy. we have discussed this before. cuts, sequestration, short-term fiscal tightening, 1.75% of gdp could drag a stronger economy down. it was a stupid thing to do. we have to wrap this up. we ll ask you winners or losers. i will point in one direction but you can take it where you want. putin, has he played a weak hand pretty well? his standing seems to have improved. snowden. syria. considering the difficulty russia is in on so many levels not the least of which is they can t keep growing their economy on commodities forever, in syria he s played a brilliant hand. in iran, he s doing it. big question is what his relationship with merkel and rest of europe will look like in the next year.
strong acceleration and hope to see it in 2014, but it s a lackluster year. it s a tepid recovery. hasn t had acceleration that we want and in part because of the mess in washington again. it s been held back by stupid fiscal policy. we have discussed this before. cuts, sequestration, short-term fiscal tightening, 1.25% of gdp could drag a stronger economy down. it was a stupid thing to do. we have to wrap this up. we ll ask you winners or losers. as putin played a weak hand well? his standing seems to have improved. considering the difficulty russia is in on so many levels not the least of which is they can t keep growing their economy on commodities forever, in syria he s played a brilliant hand. in iran, he s doing it.