All Posts Tagged With: "Budget Deficit"
Pathological Consumption
Most people can relate to the realities of how jobs and profits shift, and why. The idea that higher-wage manufacturing jobs are being lost and replaced by lower-wage retail jobs, for example, is a reality that working people understand. They get it.
Biggest Government Ever… ‘Stimulus’ Checks Take Their Toll
US Government spending is at record highs, fueled in part by the costs of President Bush’s so-called economic ’stimulus’ package.
Reuters reports that US Treasury spending and revenue reached fresh highs in April.
US government posted a $US159.3 billion surplus in April, helped by the mid-month deadline for individuals meeting 2007 tax obligations, but it was down from the prior year’s surplus, the Treasury Department reported on Monday.
Gold Climbs on Dollar Weakness
Gold prices climbed higher in early London trade as the dollar remained under pressure following weak U.S. payrolls data on Friday, reports Thomson Financial.
Friday’s grim jobs news has put further downward pressure on the already weak dollar, by reinforcing the widely-held view that the US economy is in a downturn.
At 9:27 am., spot gold was trading at $914.78 an ounce against $909.80 in late New York trades on Friday, according to Thomson.
Latest News
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- Resource Stock Roundup Friday, September 5th, 200812:01pm CDT
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- Dollar Continues to Squash Euro11:47am CDT
- No Relief in Sight for Gold and Silver11:43am CDT
- Global Investing Roundups Friday, September 5th, 20089:39am CDT
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- Protest at Tata Plant Evidence of Indian Identity Crisis9:04am CDT
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- Why You Should Buy Puts on the Weakest S&P 100 Players Now5:37am CDT
- Dollar Rally Means Mining Stocks On Sale5:11am CDT
- And Then There’s This… Thursday, September 4th, 200811:31am CDT
- Resource Stock Roundup Thursday, September 4th, 200811:26am CDT