Financial & Economic Blog

Oil's above $143 a barrel. The dollar continues to weaken. Second quarter earnings, especially in the financial sector, are going to stink. And the employment report for June, due out this Thursday, is expected to show another month of job losses.

Oil's above $143 a barrel. The dollar continues to weaken. Second quarter earnings, especially in the financial sector, are going to stink. And the employment report for June, due out this Thursday, is expected to show another month of job losses.

The weakened dollar isn't just wreaking havoc for Americans traveling overseas - it is hitting consumers right at home.

The dollar was mixed against other major currencies Monday as oil prices surged and the stock market flirted with bear market territory.

Retail gas prices rose to a new record high overnight while diesel prices fell slightly, a daily survey by motorist group AAA showed Monday.

U.S. stocks looked set to kick off a shortened week with a rough open Monday as worries about the start of a bear market rattled investors.

A lot of people have been asking me, whether it's better to invest in Gold or the stock markets. The thing is gold has been doing exceptionally well in the last couple of years, nearly tripling in in price.

For those of you who got in when Gold started doing well, would have made a very healthy return on you initial investment. I have only one concern about putting more money into gold, and that is that it's bound to reach peak prices soon, and could go down after that. As for putting money into the stock market, I suggest buying shares that were just launched into the market. That way you at least know that the possiblity of the stock falling is virtually zero percent.

This is question is something that no one can give a true answer, but rather their opinion, and that's just what this is, my opinion!

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