Jun 18, 2010
The gold market jumped early on in trading today (6/17) based on
economic data that came out indicating that the future wasn't quite as
rosy as everyone first thought.
In today's video on gold, we share with you the 4 instruments that we
are looking at and share with you our projections for the spot gold market.
As always our videos are free to watch and there are no registration requirements.
All the best,
Personal Finance Daily
JUNE 18, 2010
Friday's Personal Finance stories
- Rebalance your portfolio -- the right way
- Bank reform loopholes are roadmap to trouble
- Bowling alleys strike up new attractions
- Pharmacy plans may leave you out in the cold
By some estimates that means 1.2 million jobless workers won't have any income, or far less of it, starting July 1.
Is now the time to be worried about the deficit? No doubt it is. But whether that worry should translate into hobbling our economy even further is open to question.
Maybe we don't need the tax-break extensions proposed in the bill -- does letting high-net-worth people contribute to charities tax-free from their IRAs really help the economy? I really don't know -- but pushing jobless Americans further into the arms of state and local social-service agencies that don't have the resources to help them, even as the Feds hold back on states' much-needed help on Medicaid? This does not seem like a smart move in these treacherous economic times. Getting cash into the hands of people who will spend it immediately, and to state governments to prevent further layoffs -- many experts say those are good ideas.
Of course, I'm no economist. Then again, neither are most lawmakers.
-- Andrea Coombes , Personal Finance editor
ECONOMY & POLITICS
Doctors, the unemployed squeezed by Congress's inaction
About 1.2 million jobless workers are expected to lose unemployment benefits this month, and doctors will start to see a 21% cut in Medicare payments Friday, following the Senate's inability to move forward with the far-reaching jobs and tax-extenders bill.
See story on doctors, the unemployed squeezed by Congress's inaction.
Commentary: Bank reform loopholes are roadmap to trouble
If you want to figure out where the next big financial crisis is coming, watch the proceedings in Washington over the next two weeks. Whatever pieces of the proposed financial reform legislation get watered down or eliminated during current negotiations will create the holes that future bad actors slip through.
See Chuck Jaffe.
Lawmakers battle over 'too big to fail'
House and Senate lawmakers on a committee to work out differences in sweeping financial-regulatory bills on Thursday agreed to disagree on their approaches to managing banks that are "too big to fail," and on how to ensure such failures don't wreak havoc on the markets.
See story on lawmakers battle over 'too big to fail.'
Commentary: Businesses test waters with hidden price increases
As indicated by the May consumer price index, inflation remains the no-show of this recovery.
See Kathleen Madigan.
Tax law change could hit small-business owners
An urgent tax-extender bill that's stuck in the Senate would ensure that unemployment payments aren't cut off to some jobless workers, plus prevent a cut to doctors' Medicare payments. But, as its name implies, the bill also would extend quite a few tax breaks.
Crisis averted this time, but pharmacy customers hang in the balance
You pay your share of your health plan's premiums every month and go about your business taking care of your medical needs. Then one day you go to get a prescription filled at the pharmacy you're used to visiting and you're told you won't be reimbursed for your drugs there anymore.
See Kristen Gerencher's Health Matters Blog.
Insurers focus on customer service
Health insurers are ramping up their customer-service efforts ahead of millions of Americans joining the ranks of the insured in 2014. In this week's Health Minute, MarketWatch's Kristen Gerencher looks at what insurers are doing differently.
Watch Health Minute.
Portfolio rebalancing: How to do it right
Right about now, your broker or mutual-fund firm is sending you a note suggesting that midyear is a good time to rebalance your portfolio. But are they right? Maybe.
See Robert Powell's Your Portfolio.
Inflation fears misguided, fund manager says
Even with trillions of dollars being pumped into the U.S. economy and interest rates at record lows, one mutual-fund manager is adamant that inflation isn't a big worry for investors now.
Credit score advice for college kids, and their parents
Question: A few years ago, my son, age 20, obtained his first credit card, which was linked to his checking account. It is a Visa card with a fairly decent limit for a college student. He also has a debit card from the same bank.
See Realty Q&A.
Bowling alleys strike up new ways to attract customers
Through past recessions, one pastime proved too fun to fail: Bowling. Until this downturn. The number of bowlers hit a promising 70 million last year, according to the Bowling Proprietors Association of America - but bowling alleys had to diversify to get them in the door.
See story on bowling alleys strike up new ways to attract customers.
Detroit takes top spot in auto quality survey for first time ever
The long journey from Edsel and Corvair to respectability is complete as U.S. automakers overtook import brands in a key quality study for the first time in the survey's 24 years of existence.
See story on Detroit takes top spot in auto quality for first time ever.
BBC : Business.- BP 'strong despite spill setback' Page last updated at 23:13 GMT, Friday, 18 June 2010 00:13 UK
Page last updated at 23:13 GMT, Friday, 18 June 2010 00:13 UK
BP remains strong despite the setback suffered as as result of the oil spill in the Gulf of Mexico, its chairman says.
IMF says Spain taking right steps
Spain is taking the right measures for economic stability, the head of the International Monetary Fund says on a visit to Madrid.
Obama warns G20 leaders on cuts
Barack Obama warns world leaders that cutting national debts too quickly could put the economic recovery at risk.
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