Tuesday, November 29, 2011
Phil Flynn: Consumer Confidence?
It is obvious that the US consumer is feeling better about our economic outlook, or at the very least they just need to get out and spend. So instead of worrying about Europe and looking to the developing world, perhaps the world will once again look to the American consumer to once again bail out the global economy. Ahh just like the old days.
Of course oil is also gaining support from overseas worries. Despite the reports of a natural gas pipeline explosion in Egypt the truth is the election in Egypt seemed to be rather calm.
He urged delegates at an international climate conference to look beyond national interests for solutions......Read the entire article.
Is This December Similar to 2007 & 2008 for Gold & Stocks?