Archive for February, 2012
Roundtable Gold Predictions
What others are thinking
Below is a summary of recent projections by some of the major names in the online financial community gathered by Bespoke Investment Group along with their views on gold and whether it is a bubble:
A Dash of Insight: I do not know of a way of getting a fair value for gold. This year gold prices benefited from a weak dollar, the fear of deflation trade, and the fear of hyperinflation. It seems like all three of these are at extremes, but there is a profitable market in selling fear. The commissions and margins are much better than for those of us who provide investment advice over a range of asset classes for a flat fee.
Financial Armageddon: Still very bubbly and vulnerable to a major shake-out, but my longer-term outlook remains bullish.
Accountancy Job Cuts predicted in 2011
STOP PRESS
Our current JustAccountancyJobs.com reader survey predicts jobs cuts in 2011. As many as 200,000 jobs could be shed in 2011, in what is predicted to be a worse year for jobs than this year, an analysis revealed, supporting our current readers survey.
Raising fresh doubt over the pace of the UKS economic recovery, a report by the Chartered Institute of Personnel and Development (CIPD) gave warning that 80,000 private sector and 120,000 public sector jobs will be lost in 2011. Unemployment is forecast to rise from 7.9pc to 9pc, o 2.7m, in 2011 as the private sector struggles to create jobs to offset wide-scale state redundancies. The Treasurys official unemployment forecast is just 8pc for 2011.