Asset classes don’t usually post gains in each and every calendar year in a given decade, but sometimes the exception is the rule. That was certainly the case for gold. As a new report from the World Gold Council reminds, everyone’s favorite precious metal had a very good decade through the close of 2010.
Daily Archives: January 26, 2011
US GDP FORECASTS
The first estimate of 2010’s fourth-quarter GDP for the U.S. arrives on Friday and the consensus forecast is expecting the Bureau of Economic Analysis will report a 3.7% real annualized increase. Assuming the guess is accurate, that would be a robust acceleration from the 2.6% rate posted for last year’s Q3. A 3.7% gain for Q4:2010 would also be the best pace since last year’s first quarter, which coincidentally logged a 3.7% increase.
DECONSTRUCTING THE ECONOMIC CYCLE…AGAIN
Have we solved the mystery of the business cycle yet? It may be tempting to answer “yes” after tomorrow’s release of the Financial Crisis Inquiry Commission’s final report on the causes that gave us the financial and economic crisis of 2008.