Skip to comments.Gold Prices More Than Double Since Obama Elected President
Posted on 09/21/2012 8:34:00 AM PDT by whitedog57
From the Netherlands, their house prices continue to deflate. House prices were down -8.0% YoY.
And consumer spending in the Netherlands fell -1.5% YoY.
Beleaguered Spain saw a YoY decline in mortgage lending (mortgage capital loaned) of -27.4%.
Of course, Spanish house prices continue to deflate.
Spain has come out with a new plan by freezing pensions and extending retirement age. I am not sure if that will help with their staggering unemployment rate.
But the good news in that Greek sovereign 10 year yields have fallen below 20% for the first time since the last time the ECB and friends struck a bailout deal for Greece in March 2012.
Meanwhile, US 10 year Treasury yields rose +1.7 basis points.
So, Europe continues to deflate making ECBs mission all the more difficult.
But when we compare Spain and Hollands housing markets to the US, the US looks positively limping along.
Gold? It has more than doubled since President Obama was elected.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
yes...and a barrel of oil is 2.5 times what it cost when obozo took office..that’s been the silver lining for me as i moved most of my (as well as my wife and daughters) investments into natural resource funds when that moron was elected...
I think of it as the dollars that I have saved and my salary have lost over half of its value in such a short time. Image what it will be like when gold is $5000 oz and gas is $10 gal.
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