July 29, 2012

OBAMACARE DOING TO INSURANCE AGENTS WHAT INTERNET DID TO TRAVEL AGENTS

It was not long ago that legions of travel agents labored all across America in offices ranging from those located in class A office buildings to downtrodden strip malls. They gawked at 14-inch green CRT screens at gobbledygook codes that only they could understand.

When it came to travel, travel agents were masters of their domain. Corporations invited bids from travel agents to handle their travel. Consumers felt lucky if they had a good travel agent. Frequent travelers went out of their way to befriend their agent.

The universe of travel agents in many ways was similar to the universe of health insurance agents and brokers of the present.… Please click here or the title below to read more.

July 29, 2012

WEEKLY MARKET DIGEST: GOLD AND SILVER SPIKE ON THE FED LEAK

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

GDP NUMBER MAKES IT DIFFICULT FOR THE FED TO ACT

July 27, 2012

Q2 advance GDP came at 1.5% vs 1.2% consensus. Q1 GDP was revised up to 2.0% from 1.9%. These numbers show that American economy is stronger than generally believed.

Market has been running up on anticipation of the Fed easing and stimulus from the ECB. The strong GDP number makes it difficult for the Fed to ease at this point. Astute investors should be extremely cautious as the strength can easily reverse.… Please click here or the title below to read more.

July 29, 2012