Wall Street ends worst two weeks since November

U.S. stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging. Concerns that Europe’s debt crisis was flaring up again added to selling pressure. Sectors...

Why the economy could still tank in 2012

Hey, did you happen to see where the recovery went? For a while there, it looked as if jobs were returning, the housing market was close to bottoming out and consumers were growing more confident about their own economic outlook. But then came a disappointing jobs...

Record Gold Buying and the Financial Cataclysm Ahead

Today I was watching the Bloomberg, my favorite source of financial news and analysis on what is happening in the financial markets. The news and happenings coming out of the global financial markets particularly the gold and silver markets are very interesting. Gold,...

Federal deficit so far: $777 billion

The federal government racked up an almost $780 billion deficit in the first six months of the fiscal year, according to new data from the Congressional Budget Office. While that’s quite a large number, it’s actually $53 billion less than the same period...