So the President is coming to Pittsburgh on Friday to talk about manufacturing. We may be at the point now where people forget how much manufacturing was lost here. At the beginning of the 1970’s the region had just over 325 thousand manufacturing jobs. Depending on the month, we are around 90 thousand today. . . . → Read More: Manufacturing Mythos
The yellow metal has maintained its relative price strength during the most recent financial market correction, and gold is now closer to its all-time high than most stock market indices. As an illustration of gold’s leadership, note the following chart. At no time in the last four years has the performance of the benchmark . . . → Read More: Clif Droke: Gold, the Investor Safe Haven du Jour
The Mortgage Bankers’ Association purchase index will be released at 7:00 AM EDT, providing an update on the quantity of new mortgages and refinancings closed in the last week.
At 10:00 AM EDT, the FHFA House Price Index for April will be released, providing more information about the direction of the housing market.
At . . . → Read More: Economic Events on June 22, 2011