The price of gold corrected 10% over the last few days. Here are the reasons why the run is not over.
1. First, a correction like we just got is actually very healthy. I would be more concerned if we didn’t have a correction and continued going up higher and higher. Corrections are needed to shake out weak hands and leverage and help to create a sustained bull run over longer than mere days and weeks.
2. The fundamentals that have supported this run are firmly in place. In fact, they are …

Fear has re-entered the markets and the economy as Americans are overwhelmingly responding to polls that they fear the economy is getting worse and possibly headed back into a recession. Meanwhile we have record long-term unemployed which speaks to the structural nature of our economic woes (versus cyclical). Yes, it’s by no means easy to get ahead in today’s economy, but we’re here to deliver the financial survival guide for those of you in your 20s (or 30s for that matter). Let’s jump in…
Income
Nothing at this stage is more important …

What do you do when inflation gets in the way of policies?  Well you change how we define inflation of course!  As long as the CPI number is in good standing, nobody can argue that inflation is here!  Forget $10/gallon gasoline, we have a flat CPI! (sarcasm)
If it weren’t so serious, it’d be funny, but this is exactly what is being considered by our great leaders in DC.
An article from Zero Hedge discusses the considerations over changing the CPI formula.  Here is an excerpt:
“Lawmakers are considering changing how the Consumer …

A 20smoney reader wrote in to comment on the recent article with regards to the Republican politicians and why they are wrong on the economy in certain areas. I also provide my response to the reader’s comments. Check it out and add your own comments.

I’m often mistaken for a die-hard Republican because of my criticism of the progressives on the economy and especially the current administration.  These people who label me a Republican simply show how little they understand and how unwilling they are to dis-engage from partisan politics and from the two-party system which dominates the media and political arenas.
The reality is that I don’t line up with most Republicans either on my views of the economy, and after watching the Republican debate the other night on CNN, most of what I already …

It’s starting to be discussed that Obama wants another fiscal stimulus.  You can read about it here.  Remember the first stimulus was nearly $800 billion.  Wow, what a colossal failure.  Does anyone have any confidence in these clowns?

It’s amazing to watch the rhetoric shift on networks like CNBC.  Networks that are essentially cheerleaders for the most part of Fed policy and the so-called recovery.  As the economic data continues to speak otherwise, it’s amazing to watch “experts” shift their position on a possible QE3 by the Fed Reserve.
What was just “No chance.  Off the table.” mere weeks ago, the rhetoric is changing to acknowledge that a third round of QE is now in fact on the table.  These experts on CNBC of course just shift with the …

Prime stagflation victim is Gap, Inc. (GPS) which operates retail clothing stores like Gap and Old Navy.  The lower end clothing lines have been victim of higher input costs such as cotton (and of course fuel for transport) which has squeezed margins.  Meanwhile, consumers are tight because of no wage growth and higher food & energy costs.  Hello stagflation.
This is no surprise and is a story that we should continue to see play out.  Who are the companies doing well?  The multinationals that have pricing power and a global reach.  …