In 2013 the price of gold bullion lost 28 percent and closed near its low for the year. It was the first annual decline since 2000 and the worst since 1981. Gold ETFs experienced record redemptions, shrinking the funds 33 percent by year end, but they were the exception. Marcus Grubb, Managing Director of the World Gold Council, reported, “2013 has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets.” While investors were leaving ETFs, demand for gold jewelry, bars and coins was increasing, as were purchases by central banks. Globally, consumer demand increased 17 percent for gold jewelry and 28 percent for bars and coins.
Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.
Ben Domenech, Heartland’s Health Care Research Fellow, and Managing Editor of Health Care News, appeared on The Blaze TV yesterday as part of a panel to talk about President Obama’s campaign-like speech on Obamacare.
Common Core is an outgrowth of the big business-big government consensus that dominates education and, because the mainstream education system reaches virtually every future voting citizen, is increasingly dominating every area of our lives.
The Heartland Institute recently hosted renowned economist and political commentator John Lott, who gave an enlightening talk about this new book “At the Brink: Will Obama Push Us Over the Edge?”