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Many Aspects of Economy Continue to Struggle

Release Date: 
Thursday, September 30, 2010

Many Aspects of Economy Continue to Struggle

Sep. 30, 2010

The economy is continuing to show weakness on a variety of different fronts, from home sales to the pace of the gross domestic product, according to reports released this week.

According to the Bureau of Economic Analysis, revised data finds that the GDP grew by only a 1.7 percent margin in the second quarter of the year, which compares unfavorably to the 3.7 percent growth recorded in the first quarter.

Such figures are of concern to many economists because they raise doubts about when and if the economy will be able to sustain significant job growth, which has been one of the more stubborn aspects of the recovery.

Elsewhere, new data from RealtyTrac found that nearly one-quarter of home sales recorded in the second quarter were due to foreclosures, which helps illustrate the financial problems that many homeowners continue to face in light of the economy.

Fortunately, not all aspects of the economy have been suffering. For example, the commodities markets - particularly precious metals such as spot gold and silver - have been performing very well in recent days. In fact, during the month of September, spot gold has traded at all-time highs, while silver has been the highest it has been in three decades.
 

This news article is independently provided by Brafton and does not represent the views or opinions of Goldline International, Inc. Although the information in this news alert has been obtained from sources believed to be reliable, Goldline does not guar­antee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

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†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

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