There’s a gold rush going on in the markets. Will inflation rise as well? Gary Halbert explains the current attraction for gold and whether it signals rising inflation. Businesses hoping for increased consumer spending may be disappointed. Jill Mislinski reports on the new numbers from The Conference Board on consumer confidence. There’s good news, however, for homeowners who want to refinance. You need to act quickly to avoid a fee hike, as Natalie Campisi of Forbes explains.
Gold Is Soaring – Is Big Inflation Next? –There is no doubt many investors who have piled into gold this year have done so because they are convinced the yellow metal’s spike to record highs is a sign that rising inflation is finally about to pay us a visit. However, the markets which usually warn us about rising inflation are signaling just the opposite this year. Read more…
Consumer Confidence Down For Second Consecutive Month — Consumer spending has rebounded in recent months but increasing concerns amongst consumers about the economic outlook and their financial well-being will likely cause spending to cool in the months ahead. Read more…
Great News Refinancers: Costly New Fee Gets Pushed To December — A new fee on mortgage refinances set to take effect Sept. 1 has been delayed. This is excellent news for homeowners looking to take advantage of historically low interest rates. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller