Retirement Lifestyle Advocates
Over the first six months of the fiscal year, Federal Government spending totaled $3.6 trillion, up from $3.3 trillion from the same period last year.
Gold rallied 6.61% to new all-time highs, and silver advanced nearly 9% on the week.
The Dow Jones Industrial Average declined 7.86% last week, while the Standard and Poor’s 500 fell more than 9% in what was a very difficult week for stocks.
February’s job cut total is a 245% increase from January, when 49,795 job cuts were announced.
Economic challenges impacting our core consumers obviously means inflation.
At approximately $3000 per ounce, all the gold held collectively by the world’s central banks is worth about $3 trillion.
There are many economic data points that point to a recession this year.
All-in-all, consumer debt in the United States is now more than $18 trillion.
The deflationary pain will be more bearable if the credit card user voluntarily quits spending money they don’t have.
The sudden increase in housing inventory has seen home prices fall more than 36% in one week!