Archive for January, 2012

What’s All The Hooplah About Fair?

Friday, January 27th, 2012

This week Mit Romney released his 2010 tax returns showing that he paid taxes at only a 13.9% tax rate. Newt Gingrich and the Democrats seized on this, calling this completely unfair, especially when it became clear that Romney was making $57,000 per day. The real question investors should ask is…when have the Markets ever been fair? Has any full service every said to an investor…we are going to be fair? (more…)

Gold — Plop, Plop, Fizz, Fizz, Oh What A Relief It Is!

Thursday, January 26th, 2012

On Wednesday afternoon, Fed Chief Ben Bernanke expressed a gloomy view of the U.S economy, saying that it was still entrenched in an extended period of slow growth. Considering that slow growth began with the 2007 collapse of the financial market, it could end up being the proverbial “seven year stretch”. GDP is being released Friday. he was giving us fair warning to expect an even lowered U.S. growth rate. And for those unemployed, in so many words, he said “don’t hold your breath.” Bottom line…he was broadcasting that another round of Quantitative Easing (QE) was coming. (more…)