Commodities Forex News & Analysis

Real Unemployment Rate Is at Least 18 Percent

Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of [...]

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Forecasts for the Weeks of July 28 and August 4

Here are the forecasts for upcoming economic data.

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Paul Ryan: Reforming Poverty Programs to Promote Work

Poverty is as endemic today as it was when President Johnson inaugurated the War on Poverty, and Paul Ryan is offering sensible proposals to change things for the better. He would offer states block grants to create programs that both directly aid the poor and remove disincentives to work and create jobs. This would reduce [...]

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Geo-Political Tensions Lend Support to Gold

by Dixon Fung War in the Middle East and tension in Ukraine are lending support to gold. The commodity is holding above the 50 percent Fibonacci support at $1295 amidst the global political tensions. Supports are at $1295 then $1260. Resistance is at $1360.

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Malaysia Flight 17 and the Decline of the West

The downing of Malaysia Flight 17 casts new light on just how inept and decadent the United States and Europe have become. Faced with Russia’s annexation of the Crimea and attempts to repeat in the Eastern Ukraine, the best Western Europe and the United States have mustered are strong words and token sanctions on top [...]

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Forecasts for the Weeks of July 21 and 28

Here are the forecasts for upcoming economic data.

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Yellen’s Denials about Inflation Will Curb Fed’s Independence

Testifying before Congress this week, Federal Reserve Chairwoman Yellen cherry picked data on inflation by noting prices are up, on a year-over-year basis, less than the Federal Reserve’s target of 2 percent.

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Up Next: A Double Whammy of High Unemployment and Inflation

The economy is recovering from a harsher than normal winter, but the pace of growth the balance of this year and next will not create nearly enough decent jobs for the millions unemployed and recent graduates working at venues like Starbucks.

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Gold Lower on Strong U.S. Equities

by Dixon Fung Gold fell over $30 today on strong U.S. equities markets. The commodity retreated from the recent high near $1340 to $1306 at the time of this article. In the mean time, Dow Jones rallied 111 points to close at 17055 today. Support for Gold is at $1295 which is the 50 percent [...]

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Washington Debauchery and the Fed Follies

Federal Reserve Chairwoman Yellen will testify to Congress Tuesday and Wednesday about the economy and future fed policy. We won’t learn much about either, because the Fed refuses to recognize the facts on the ground.

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