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Los Angeles, CA – The price of gold dropped this week after the Fed’s announcement and the continued turbulence in the Eurozone. On Wednesday, Federal Reserve chairman Ben Bernanke announced “Operation Twist” – a plan for the Fed to sell $400 billion in shorter-term securities to buy longer-term holdings in effort to boost the weak U.S. economy. The Fed’s

Los Angeles, CA – The arrival of the Labor Day weekend was met with the bemoaning for the lack of labor; a government report released on Friday stated the unemployment rate remained at a high rate of 9.1%, causing a ripple effect in the economy and stock market.  The gloomy unemployment news caused investor jitters

Los Angeles, CA – Despite an 11th hour decision on Tuesday to raise the U.S. debt ceiling to avert a default, many believe the lackluster results of this decision on the economy may result in another recession. Wednesday the stock market was down sharply, causing economists and financial analyst to speculate that possible solutions to

Los Angeles, CA – With U.S. politicians at a stalemate over the 14.3 trillion dollar deficit just days before the debt default deadline, economists and financial analysts alike are predicting a downgrade of the United States’ credit rating. President Obama made comment that U.S. lawmakers’ indecision to raise the debt ceiling is a “dangerous game”