Don’t muck the recovery!!!
Headlines are flying, but pertinent topics are not being discussed by the American talking heads that have implanted themselves on CNN, MSNBC, Fox News among others…
It appears to some that the American economy is now in a recovery! – Pop the Champagne!
Akin to the music being heard as the titanic sank….
China has made it an annual event in releasing facts to say that they are slowing down, when actual activity was opposite the fact. This time, however seems different. According to a report by bloomberg coming through concerning numbers out of China that show the lowest new years sales stats since 2009, and this is the coveted year of the “dragon”. It seems the Chinese are not living as lavish as the rest of the world needs them to, as luxury and high end sales came in lower than expected, along with figures across the board.
I’m not really sure how any recovery will “grow teeth” when the talks are already swarming about this being the ideal time to allow Greece to default. Beating expectations on 15 of 23 indicators showing a stronger growth potential for the year, “experts” are saying now, when the recovery is showing some strength, is the ideal time for Greece to default in order for the world to recover from it, as well as keeping the euro intact….that is, before the Italy situation worsens….
So it seems…everytime the economy shows any signs of health, a troubled member of the EU will default….
No wonder there has been a mass exchange going on from euro’s to gold.
Metals have not been as volatile as they have been in recent weeks with gold remaining above $1700/oz. currently trading $1721 and silver keeping it’s head above that $33 mark for the majority of the day, currently trading at $33.77. Platinums current price $1,631, and palladium at $710.