Talk about a rugged economy: Even Wal-Mart missed the expectations of analysts and cut its profit outlook for the rest of the year, notes economist, columnist, radio host and international speaker Jerry Robinson in his “Follow the Money Weekly” program this week.
He says the retail giant’s executives are blaming higher taxes and the slow economy for the poor quarterly results.
Robinson also talks about the slide in the Dow Jones and the corresponding boost in precious metals.
Gold boasted a gain of 5 percent over the week while silver was up 14 percent – its “biggest weekly gain in nearly five years.”
Also subject of this week’s podcast is a discussion on how foreign investors have dumped more than $40 billion in long-term treasuries and how the summer of 2013 has been worse even than 2008′s financial meltdown for capital outflows.
In the precious metals update, adviser Tom Cloud explains the recent surge in prices, and Jay Peroni offers the investing ideas of the week.
Then Robinson interviews John Rubino on the economy, the dollar and why the Federal Reserve is buying up bonds every month.
Podcast is 59:35.
Previous podcasts:
See who’s rejected U.S. dollar now!
How to avoid that lousy ‘retirement’ job
What do Cabela’s, Six Flags have in common?
Coming soon! ‘Transatlantic Union’
Economy settling down? Think again
Is this the calm before the storm?
The decline of the global stock market
Signs in the sun, moon and stars
‘This isn’t your grandfather’s economy’
Gold dropping? Why not to worry
What’s to love about gold, silver prices
Let the printing presses roll!
New challenge rattles economy’s foundation
Big Brother looking at your bank account
Currency war pushes stocks to new realms
Entitlement liabilities? Try $120 trillion
Paycheck to paycheck, and what to do about it
Germans want gold reserves returned
‘The unbelievably bogus debt ceiling debate’
Is America on the eve of a civil war?
Again? Feds printing and spending more
Why you should care about petrodollar system
The real story about the fiscal cliff
Last hurrah from a state statesman
Housing starts up, prices grow, and that’s bad?
Learn more about Jerry Robinson’s “Follow the Money Quarterly” newsletter.
“Bankruptcy of Our Nation: 12 Key Strategies For Protecting Your Finances In These Uncertain Times.”
Jerry Robinson is an economist, published author, columnist, radio talk show host, and international conference speaker. Robinson has been quoted as an economic authority by USA Today, FoxNews and many other news agencies. His columns have appeared regularly in numerous print and web publications, including WND. In addition, Robinson is also the editor-in-chief of the popular economic newsletter, “Follow the Money Quarterly.”