Tuesday, August 30, 2011

Economy Report - August 30, 2011 - Paul Buzby: Rare Coin Wholesalers


Comex Gold Trades Near Daily High on Fed Governor Remarks, Weak U.S. Economic Data
Government and Federal Reserve kicked the can down the road on fiscal responsibility, dollar weaker, stock market, gold and oil up.

Plunge in consumer confidence sends stocks lower
Private Businesses (70% U.S. GDP) wants fiscal responsibility, confidence will stay low until they change direction.

Stocks edge higher; Caterpillar, Boeing lead Dow
Private Businesses (70% U.S. GDP) recovering in spite of the Government and Federal Reserve.

Consumer confidence lowest in 2 years.
Private Businesses (70% U.S. GDP) wants fiscal responsibility, confidence will stay low until they change direction.

Obama faces tight restraints in crafting jobs plan
Spin, he only wants to help public unions, banks, stock market and foreign countries, not Private Business (70% U.S. GDP).

Business, consumer views darken in Europe
Germany and France moving to consolidate responsible countries in euro zone (17). The non-responsible ones will be left to burn.

Oil rises as East Coast refining resumes
Any excuse to raise prices at the pump before the holiday weekend and the end of the summer oil spike.
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