ADP survey shows that 238,000 jobs were added in December primarily due to increased demand in construction jobs. Construction firms added approximately 48,000 to those numbers. Whether or not this is a real upswing that can be sustained is yet to be seen.
Our concerns is that due to low interest rates, another housing bubble may be forming.
Expect the Fed to issue promise erred with caution during Friday’s jobs report. In other words, speaking from both sides of their mouths to make sure whatever happens, they still have an out.
Unfortunately, the Fed cannot create jobs but it will take credit for any good news. Good luck Janet Yellen. We believe our chances at running a Yugo dealership offers more promise than what you are going to experience.
Debt begets debt and insanity breeds insanity. For America to prosper economically once again, we must get our house in fiscal order.
The greatest hindrance to any nation changing economic direction is the central banker. Suffocating governments and citizens with debt they cannot repay has always been their goal.
Power corrupts and absolute power corrupts absolutely.
Gold Goliath is not your typical gold dealer.