Gold and What Mov...
Follow
78.9K views | +11 today
Gold and What Moves it.
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Your new post is loading...
Your new post is loading...
Scooped by Hal
Scoop.it!

Gold coins on discount in India

Gold coins on discount in India | Gold and What Moves it. | Scoop.it

by Shivom Seth:

 

"Gold prices may have ended at a five-month high, marking their biggest monthly gain since January this year, but in India discounts are on offer. India Post has announced a 6.5% discount on the sale of gold coins on the occasion of Pushya Nakshatra which falls on September 12, this year.

 

"The word 'Pushya' means to strengthen, to fortify. The word etymologically means 'to nourish', and traditionally a person cannot think beyond gold investments on this day. Pushya Nakshatra is considered the most auspicious day to make valuable investments and purchases.

 

"It is a customary practice for people to purchase gold and, by observing tradition, increasing their good karma and good efforts.
On the occasion of Pushya Nakshatra, a special discount is being offered, said Chief Postmaster General Poornachandra Rao. Gold coins, sold in association with Reliance Money Infrastructure, are available in denominations ranging from 0.5 grams to 50 gram denomination coins, he added.

 

"Given the day's meaning to nourish or to replenish, multiply and strengthen, consumers are wont to go overboard by buying gold in any form. The price of gold does not make a difference at this time,'' said Pushkarna Sharma, bullion retailer. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gerald Celente - #Gold, #Silver & A Major October Surprise

Gerald Celente - #Gold, #Silver & A Major October Surprise | Gold and What Moves it. | Scoop.it

Gerald Celente tells Eric King of King World News:

 

"... They (central planners) are going to destroy the money, and they are going to do everything to try to keep the gold and silver markets down. You see what’s going on in India, how they are making it more and more difficult for people to buy gold because the rupee is collapsing.

 

"So the governments around the world are going to do everything they can to stop people from buying (gold). Anything could happen at any time. There are a lot of wild cards, and in a wild card environment like this, I want gold and I want silver. And I have to tell you, on Friday, I just bought (gold) again.”

more...
No comment yet.
Scooped by Hal
Scoop.it!

Pento - Gold To Hit New All-Time Highs & Continue To $2,300

Pento - Gold To Hit New All-Time Highs & Continue To $2,300 | Gold and What Moves it. | Scoop.it

Michael Pento told Eric King of King World News:

 

“I would expect that we are going to march our way to a new nominal high. I give it a 99% chance that QE3 will be announced on Thursday. There will be some form of quantitative easing announced on Thursday. That will be some combination of ceasing to pay interest on excess reserves or an outright schedule of monetary purchases.

 

“If that occurs, I think gold approaches its nominal high of $1,920 an ounce, and it inexorably rises close to $2,300 an ounce by early 2013. I do not measure the value of the US dollar against another flawed fiat currency like the euro. The ECB has already announced a ‘sterilized version’ of unlimited purchases of sovereign debt.

 

"Now as I went into my (latest) piece on King World News, these purchases will not be completely sterilized. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold, the Dollar, and the Euro – The Bottom Line - Casey Research

Gold, the Dollar, and the Euro – The Bottom Line - Casey Research | Gold and What Moves it. | Scoop.it
Investors who sell gold because the dollar appears to rise are stuck in a dangerous trading paradigm.

 

By Louis James

 

"One of the points we've made several times over the last year is that traders stuck in an old paradigm are frequently selling gold for the wrong reasons. The most egregious (or just plain silly) example is that gold often drops when the euro drops.

 

"This happens, not because there's anything wrong with gold at such times, but because gold is priced in dollars. Instead of being thought of as a store of value in many investors' minds, gold is viewed as a hedge against weakness in the dollar.

 

"But what are dollars priced in? Nothing, actually. Purchasing power is the underlying reality any "price" for dollars should get at, but that's hard to measure – and the government can't be trusted to report the truth about this. Unfortunately, in today's world currencies are valued in many people's minds by their "strength" in foreign exchange markets.

 

"Maybe that's in part because nobody believes CPI statistics anymore. At any rate, the dollar is frequently valued in relation to its main competitor for reserve currency status. In other words, to many players in the market, the dollar is priced in euros. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings | ZeroHedge

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings | ZeroHedge | Gold and What Moves it. | Scoop.it

Tyler Durden writes at www.ZeroHedge.com:

 

"The last time we looked at monthly Chinese imports of gold from Hong Kong in 2012, the comparable country in question was Portugal (whose citizens, if not central bank, incidentally have run out of gold to sell), because that is whose total gold holdings (at 382.5 tons) Chinese imports had just surpassed. Fast forward a month later, and the update is even more disturbing. In July, Chinese gold imports from HK, after two months of declines, have picked up once more and hit a 3-month high of 75.8 tons. While it is notable that this number is double the 38.1 tons imported a year prior, and that year-to-date imports are now a record 458.6 tons, well over four times greater than the seven month total in 2011 which was 103.9 tons, what is far more important is that in the first seven months of 2012 alone China has imported nearly as much gold as the total holdings of the hedge fund at the heart of the Eurozone, elsewhere known simply as the European Central Bank, and just as importantly considering the import run-rate has hardly slowed down in August, which data we will have in a few weeks, it is now safe to say that in 2012 alone China has imported more gold than the ECB's entire official 502.1 tons of holdings. ..."

 

Click through for the rest and the graphs.

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold importers on sidelines eyeing U.S. Fed | Reuters

Gold importers on sidelines eyeing U.S. Fed | Reuters | Gold and What Moves it. | Scoop.it

MUMBAI (Reuters)

 

"Indian gold importers preferred to stay on the sidelines as prices hovered near its peak, and traders waited for U.S. Federal Reserve's decision on possible measures to stimulate the economy.

 

"At 1:05 p.m., the most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.06 percent higher at 31,925 rupees per 10 grams, very near to previous session's peak of 32,043 rupees.

 

"We are waiting for the FOMC (U.S. Federal Open Market Committee) to speak tomorrow... everybody is on wait and watch," said Ketan Shroff, director, Pushpak Bullion, a Mumbai-based wholesaler.

 

"The chances that the Fed would launch another round of quantitative easing this week have jumped after disappointing U.S. employment data, which pushed up spot gold on Friday to above $1,740 for the first time since the end of February. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Germany Says 'Great Uncertainty' About US Debt

Germany Says 'Great Uncertainty' About US Debt | Gold and What Moves it. | Scoop.it

"German Finance Minister Wolfgang Schaeuble questioned on Tuesday how the United States could deal with its high levels of government debt after November's presidential election. 

 

"In a speech to the Bundestag lower house of parliament to open a debate on the 2013 German budget, Schaeuble said worries about U.S. debt were a burden for the global economy, hitting back at Washington which has criticized Europe for failing to get a grip on its own debt crisis.

 

"In private, German officials often express concern about U.S. debt levels and the inability of politicians there to reach a consensus on how to reduce it, but Schaeuble's public remarks underscore the extent of the worries in Germany. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold could hit $2,500: Citi analyst

"Gold has had a good summer, rising more than 9 percent, but that move may be just the start, according to a bullish Citi precious metal analyst.


"Tom Fitzpatrick believes autumn will be golden in the beginning of a run-up that he says will culminate with the yellow metal hitting $2,500 an ounce in the first quarter of next year. The price now stands at $1,736 an ounce.

 

"In his client note this week, Fitzpatrick compares this upcoming rally to gold’s huge move higher in 2007. The report is based on technical analysis of precious-metals market moves that could cause a six-month gain of more than 60 percent, just like the bull run five years ago. ..."

 

Read more: http://www.nypost.com/p/news/business/gold_could_hit_citi_analyst_mUxaGUr2Pu3oRrBkkabBwI#ixzz26AvLa8uQ

 

hat tip to www.grandich.com

 

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold Firmer amid Consolidation; Key Events This Week Awaited - Forbes

Gold Firmer amid Consolidation; Key Events This Week Awaited - Forbes | Gold and What Moves it. | Scoop.it

"Comex gold futures prices are trading slightly higher Tuesday morning on some more chart backing and filling, and as traders and investors look forward to major news events this week. Gold and silver bulls remain technically strong on the charts. December gold last traded up $2.10 at $1,733.90 an ounce. Spot gold was last quoted up $6.90 an ounce at $1,732.25. December Comex silver last traded down $0.033 at $33.60 an ounce.

 

"Focus of the market place is not only on this week’s meeting of the Federal Open Market Committee of the U.S. Federal Reserve, but also on a German constitutional court ruling Wednesday on the validity of the European Stability Mechanism. There was a last-minute effort on Tuesday by some EU politicians to delay the court ruling, but those efforts quickly failed and the ruling will occur Wednesday. Dutch elections are also slated for Wednesday. The FOMC meeting starts on Wednesday and ends on Thursday with Fed Chairman Bernanke holding a press conference. Last week’s downbeat U.S. jobs report likely opened the door wider for a fresh U.S. monetary stimulus announcement by the FOMC. Such would be at least initially bullish for the stock and commodity markets. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Free Real Time Gold Prices | Exact Price of Gold | Lear Capital

Free Real Time Gold Prices | Exact Price of Gold | Lear Capital | Gold and What Moves it. | Scoop.it

"Get real time gold prices updates even when you're on the move. Keep abreast of the precious metal market price with Lear Capital: http://www.learcapital.com/exactprice "

 

Well, the jobs data didn't disappoint... not if you like gold. Though, in looking at what the numbers were as they were being released, I couldn't help but feel that things are not getting better in spite of the unemployment rate falling - I still don't get that.

 

Anymore, it seems to me like we are watching a magician's act and there are so many misdirections taking place that I'm not even sure that the magician knows what's going to happen when the smoke clears.

 

Those trading in gold and silver took the numbers and ran. Currently, as I type, gold is up over $30 in the last 24hrs. When I look at the thirty day and year trading graphs I can clearly see that gold has broken clear of the sideways range it's been trading in for months.

 

The question the markets seem to be asking at this point is when will, not if, the new QE come into play?

 

To me, it doesn't really matter as the world's debt is going to take over the driving action for gold from here on out.

 

 

more...
No comment yet.
Scooped by Hal
Scoop.it!

Don't look for the gold standard to be reinstated - MINING.com

Don't look for the gold standard to be reinstated - MINING.com | Gold and What Moves it. | Scoop.it

by Chris Vermeulen:

 

"For the first time in over 30 years, talk of a return to the gold standard has become part of mainstream politics in the United States. Part of the official Republican policy adopted it at the recent Republican Convention and called for the commission to look at reestablishing the link between gold and the U.S. dollar. No doubt that plank was added to soothe supporters of Texas Congressman Ron Paul.

 

"However, gold bugs holding gold bullion or even those holding gold ETFs such as the SPDR Gold Shares (NYSE: GLD) shouldn't hold their breath in anticipation of the gold standard returning. There was a similar commission – the Gold Commission – set up in 1981 by President Ronald Reagan. After a lot of 'commissioning', the decision was made to go with the status quo of using fiat Federal Reserve dollars.

 

"Any commission set up under the current president would likely come to the same conclusion. There are simply too many practical obstacles to return to a full-fledged gold standard. Even pro-gold advocates including the World Gold Council and the Gold Anti-Trust Action Committee (GATA) don't see a gold standard returning.

 

"The key problem would be at what price of gold would the United States peg its currency. Great Britain returned to the gold standard in 1925, after going off it in 1914, at the 1914 peg price. This was a mistake made by Winston Churchill (he called it the biggest he ever made) since it basically ignored the vast inflation in the British pound in those intervening years. The result was a vast over valuation of the pound and deflation and high unemployment soon followed.

 

"What price would a new Gold Commission set as the “correct” price of the U.S. dollar versus gold? $1,000? $2,000? $5,000? The answer is that there is no “correct” price. Whatever price is set will eventually be tested by the financial markets and fail much as the pegged currencies system failed. So there will be no return to the gold standard.

 

"But that does not mean there will not be a 'back-door' gold standard ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

China approved 1 trillion yuan in stimulus spending in under a week | MINING.com

China approved 1 trillion yuan in stimulus spending in under a week | MINING.com | Gold and What Moves it. | Scoop.it

by Marc Howe:

 

"The Chinese government has approved a raft of new infrastructure and rail projects this week in a concerted effort to boost its slowing economy.

 

"The China Securities Journal reports that China's National Development and Reform Commission (NDRC), one of the country's top decision-making bodies, approved 25 urban rail projects worth a total of 800 million yuan (USD$127 million) on Wednesday.

 

"According to the Wall Street Journal's MarketWatch the NDRC approved between 20 and 30 highway and infrastructure projects on Thursday, leading analysts to peg the total amount of stimulus spending at the 1 trillion yuan mark ($USD157 billion). ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

oftwominds-Charles Hugh Smith: Is Anybody Else Tired of Buying and Owning Stuff?

oftwominds-Charles Hugh Smith: Is Anybody Else Tired of Buying and Owning Stuff? | Gold and What Moves it. | Scoop.it

by Charles Hugh Smith:

 

"We are suffocating in stuff, physically, psychologically and spiritually.

 

"I know this is a sacrilegious question, but is anybody else tired of buying and owning stuff? Is anybody else tired of dealing with all the junk cluttering up every corner of the room/house/nation?

 

"Has anyone else noticed we have surplus stuff coming out our ears? And that therefore we don't really need any more stuff? Has anyone noticed the psychological consequences of constantly buying and managing possessions? Here is how correspondent B.D. recently put it:

 

"Kids have a melt-down when they don't have the latest iteration of the (insert trendy electronica here) or if they are asked to tidy up the gargantuan collection of "stuff" they are slowly suffocating themselves with. Most kids these days don't have bedrooms anymore ... they have a small warehouse of goods in which they have a sleeping space.

 

"Everybody has a warehouse of goods, even "poor" households. Of the four households on my block with one-car garages, we're the only ones who actually park a car in the garage. Everyone else's garage is jammed with stuff. And this is not an upscale neighborhood, it's working-class/renters. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Rob McEwen: gold should be in your portfolio and it`s going to $5,000 - JUNIOR #MINING

Rob McEwen: gold should be in your portfolio and it`s going to $5,000 - JUNIOR #MINING | Gold and What Moves it. | Scoop.it

In an upbeat presentation at the Denver Gold Forum, Rob McEwen forecast that gold is going to $5,000, while setting out the path forwards for the company which now bears his name - McEwen Mining.

 

Author: Lawrence Williams
DENVER (MINEWEB) -

 

"This year's Denver Gold Forum kicked off yesterday morning and one of the early speakers was Rob McEwen of McEwen Mining. He has a great name in the industry due to his long term stewardship of Goldcorp, which was largely responsible for building the gold mining major to the strong position it holds today. Nowadays he runs McEwen Mining - a U.S. headquartered and quoted developing gold producer for which he has the avowed intent of bringing into the S&P 500 by 2015 - and with one gold/silver mine in production, a second just starting up with its first gold pour expected in a matter of weeks, a third in permitting and a very significant copper/gold/silver project at the exploration stage he may be well on his way to achieving this aim.

 

"But it is perhaps as an avowed believer in gold that McEwen attracts a strong following at a conference of this type, perhaps the most significant annual gold event in the calendar- and he opened his presentation with a strong statement of his beliefs in this respect.

 

"Understand This! Gold is Money ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

South African mining: an urgent need for cool heads - POLITICAL ECONOMY - Mineweb.com Mineweb

South African mining: an urgent need for cool heads - POLITICAL ECONOMY - Mineweb.com Mineweb | Gold and What Moves it. | Scoop.it

Author: Christy Filen


JOHANNESBURG (MINEWEB) -


"Bobby Godsell, a member of the South African government's National Planning Commission and a long-time previous head of miner AngloGold Ashanti, has said that the dialogue in the country should shift to one where a household's needs for a decent life are debated.

 

"We talk about decent work but what does a family need? Two breadwinners, be generous, what do you need to pay rent, put food on the table, contribute something to your school kids, takkies, school fees, what do you need? And that number isn't R3000 and it's not R4000, we know that" said Godsell at the Gordon Institute of Business Science panel discussion entitled ‘Insights into Marikana' last night.

 

"The real challenge for mining said Godsell was to reflect on whether or not the industry had realised a post-apartheid dividend. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Malema calls for nationwide South African mine strike - POLITICAL ECONOMY - Mineweb.com Mineweb

Malema calls for nationwide South African mine strike - POLITICAL ECONOMY - Mineweb.com Mineweb | Gold and What Moves it. | Scoop.it

"The former head of the ANC Youth League is demanding the resignation of all National Union of Mineworkers leadership ...

 

"Expelled ANC Youth League president Julius Malema called for a national strike at all mines on Tuesday until the National Union of Mineworkers (NUM) leadership steps down.

 

"There must be a national strike at all the mines until Frans Baleni and the NUM leadership step down with immediate effect," Malema told a packed stadium at the Gold Fields KDC West gold mine near Carletonville, where 15,000 workers are on strike.

 

"The problem is not NUM. The problem is the leadership who take money from mlungu (whites). ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Rick Rule - The Big Picture On Gold, Currencies & Key Markets

Rick Rule - The Big Picture On Gold, Currencies & Key Markets | Gold and What Moves it. | Scoop.it

Rick Rule tells King World News:

 

“The dollar was viewed as a safe trade, which absolutely mystified me. I keep saying I’m not an economist, but I am a credit analyst and I wouldn’t loan the US government any money. So it doesn’t surprise me to see the dollar breaking down.

 

“I also wouldn’t be surprised to see the dollar rebound in the near-term because you have to look at what it’s competing against. The joke that we’ve been saying at hard money conferences for years is that the dollar is the worst currency in the world, except for all of the others.

 

"So I would expect that a whole basket of currencies would wobble against each other. ...

 

“But I would suggest to your readers that they consider diversifying their cash holdings, as we’ve always asked them to do, into some form of physical gold, silver or platinum ownership. ...”

more...
No comment yet.
Scooped by Hal
Scoop.it!

Turk - No Time To Wait For A Pullback, Gold To Hit New Highs

Turk - No Time To Wait For A Pullback, Gold To Hit New Highs | Gold and What Moves it. | Scoop.it

James Turk tells Eric King of King World News:

 

"The Fed has set the stage for another round of Quantitative Easing, which of course will be inflationary, and therefore bullish for gold and silver. But what the Fed always tries to do is control expectations. They place greater emphasis on the notion that inflation is not a result of how much currency is actually in circulation or how rapidly the quantity of currency grows, but rather, whether people think inflation will worsen.

 

"Like many things that come from central banks, it is a silly notion. It is another one of those things that seem okay in theory and the halls of academia, but never works out in the real world. The reason, as Milton Friedman and others have pointed out, is that a currency's purchasing power will be eroded if the quantity of money increases. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Georgia flouts federal order, withholds lunch ladies' unemployment benefits

Georgia flouts federal order, withholds lunch ladies' unemployment benefits | Gold and What Moves it. | Scoop.it
States nationwide are trying to cut costs by reining in unemployment benefits, but Georgia has taken a bold step by refusing to pay seasonal workers. The Obama administration is concerned.

 

By Patrik Jonsson | 09/10/12

 

"Georgia has set up a showdown with the Obama administration over how deeply states can cut jobless benefits by refusing to give school bus drivers and lunch ladies unemployment benefits during their summer breaks.

 

"The issue echoes beyond Georgia because other states including Pennsylvania, Michigan, Missouri, and Arizona have trimmed unemployment benefits in various ways to rein in costs. Florida, for example, has a proposal to require drug tests for recipients to be eligible for benefits, while other states have reduced the total number of weeks that benefits can be received.

 

"For its part, the Georgia unemployment insurance fund is broke, owing Washington more than $700 million for money it borrowed during the recession — adding to Georgia Labor Commissioner Mark Butler's sense of urgency. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Truman Show, Jim Grant, Gold & Economies Close To Meltdown

Truman Show, Jim Grant, Gold & Economies Close To Meltdown | Gold and What Moves it. | Scoop.it

Robert Fitzwilson writes telling King World News:

 

“Jim Grant made the astute observation that the world we live in is akin to a movie called the Truman Show. In the movie, the main character is unaware that he is living an artificial life as entertainment for an audience. It was a charade.

 

"As we await the two big events of the week, the German high court decision on the ratification of the ESM and the announcement from the Fed on Thursday about further monetary stimulus, it does indeed feel like a variant of the movie. The main difference is that the audience is also part of the charade.


"It is most likely that we will get more of the same. There really is no other choice, and it has been so for quite some time. As economic activity declines in the major economies of the world, one would have to try really hard not to see what is unfolding. ..."

 

[I like the analogy. I think it fits]

more...
No comment yet.
Scooped by Hal
Scoop.it!

Gold rallies after U.S. credit warning knocks dollar

Gold rallies after U.S. credit warning knocks dollar | Gold and What Moves it. | Scoop.it
LONDON (Reuters) -

by Amanda Cooper

 

"Gold rose towards six-month highs on Tuesday, helped by the weakness in the dollar after a warning from a ratings agency on U.S. creditworthiness and after holdings of the metal in exchange-traded products reached a record high.

 

"The euro's rise towards four-month highs against the dollar has been fuelled in part by growing expectations the U.S. Federal Reserve will employ fresh measures to stimulate the economy, which in turn has encouraged investor demand for gold, which tends to profit from weakness in the U.S. currency.

 

"Gold relies more heavily on shifts in the dollar and U.S. monetary policy for direction and the focus for the market is squarely on the Fed's next policy meeting that ends on Thursday.

 

"The dollar sold off broadly after Moody's Investor Service warned the United States may lose its triple-A credit rating if next year's budget talks do not cut the country's level of debt relative to the size of the economy. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Top Fund Manager - Gold Should Already Be Above $1,900

Top Fund Manager - Gold Should Already Be Above $1,900 | Gold and What Moves it. | Scoop.it

Today one of the premier gold fund managers in the world told King World News, “Gold should already be above $1,900, bearing in mind the policy moves we have heard about from both sides of the Atlantic.” Here is what Caesar Bryan, of the $33 billion strong Gabelli & Company, had to say: “Having regard to what the monetary authorities, both in Europe and the US, are doing, you could argue that the move in gold has been pretty mild. Yet we’ve come from, in the middle of August, $1,600 to $1,730. Gold should be at a new high. Gold should already be above $1,900, bearing in mind the policy moves we have heard about from both sides of the Atlantic.”

more...
No comment yet.
Scooped by Hal
Scoop.it!

Eric De Groot: Follow The Money, Not Opinion

by Eric De Groot:

 

"I have absolutely no doubt there's an issue with economy. Nikki Rocco's assessment of the summer box office take embodies one of my core guiding principles of trading and investing:

 

"Follow the Money, Not Opinion!

 

"People vote with their feet in the real world. If families or individuals can afford frequent moviegoing, a surge in box office receipts will confirm it. If the summer box office falters unexpectedly, they can't.

 

"I think there's still an issue with the economy," said Nikki Rocco, president of distribution for Comcast Corp.'s Universal Pictures. ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Economic Signs of the Times: Is it a recovery yet? (Weekly report, 09-06-12)

"A recovery would be indicated by weekly initial jobless claims holding below 500,000. (See this post.)

 

"IT'S A RECOVERY! (And it has been a recovery for every week since the Nov. 25, 2009 report, with the exception of the Aug. 19, 2010 report.) ..."

more...
No comment yet.
Scooped by Hal
Scoop.it!

Eric De Groot: Do you want fries with that?

Eric De Groot writes:

 

"Do you want fries with that?” could very well be the appropriate political slogan to use when discussing the labor market in the United States. Rising service-producing and falling goods-producing jobs has been eroding Americans’ standard of livings for years. The effects of which cannot be swept under the rug indefinitely. Most of the western economies will be dealing with social consequences of these trends sooner rather than later ... "

 

click through for the graph.

more...
No comment yet.