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Question for Anyone Concerned About the Economy – Got Gold?
Gold is like this shiny bobber floating on floodwaters. Doesn’t matter how high those floodwaters get, that bobber will still stay on top of it all. So there’s a decent chance that the higher inflation gets and the more wretched the economy becomes the more comfortable gold ownership will make you feel.
The Continuing Struggle of American ManufacturersOn Tuesday April 1, 2008, the Institute for Supply Management reported that its manufacturing index registered 48.6 last month, though a slower contraction than February’s 48.3, which had been the weakest in five years, still a sign that manufacturers are still struggling with less orders and increases in the cost of raw materials. The next day, the Commerce Department reported that home building fell for 24th straight month, and Bernanke told lawmakers that it “appears likely that gross domestic product will not grow much, if at all, over the first half of 2008 and could even contract slightly.”