Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80 High
October 19, 2009 by goldguru · Leave a Comment
By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost tripled in the past three decades, eroding the metal’s value. Bullion hasn’t kept pace with [...]
US Annual Inflation Down 1.3%, Inflation Calculator Update
October 16, 2009 by goldguru · Leave a Comment
The cost of living in the US rose slower in September, easing concerns of higher inflation which over the past 12 months has fallen more than one percent, according to a Labor Department report released Thursday. Consumer prices edged higher last month by 0.2 percent, following a 0.4 percent climb in August. Core consumer prices, [...]
September Job Losses Soar
October 5, 2009 by goldguru · Leave a Comment
The Daily Reckoning Well… Friday’s Jobs Jamboree disappointed as I had the feeling it would, with 263,000 jobs lost in September. The unemployment rate also rose to 9.8%… Now we all know that when all the people who are truly unemployed are counted, the unemployment rate goes to 16%, but the Bureau of Labor Statistics [...]
BLS Has One Letter Too Many
May 18, 2009 by goldguru · Leave a Comment
The big news, of course, is that the Bureau of Labor Statistics at the Department of Labor reported that non-farm payroll employment continued to fall in April, and 539,000 jobs were lost, which probably explains why they later note that “Overall, private-sector employment fell by 611,000” and that “the unemployment rate rose from 8.5 to [...]
