For those who pay attention to mainstream media reports, it would appear that the state of the US economy is improving. If you believe the economic news being steadily emitted from national television and newspapers, the future is becoming more rosy each day. Nevermind how the data is manipulated to obtain the correct mix of optimism and reality, so that it can easily be digested by average Americans.
Slow improvement is being experienced by nearly every fiscal sector, according to the news. Consumer sales are rising, the inflation rate is steady and companies are displaying more positive balance sheets. Why are the balance sheets of the American consumer, not showing the same glad tidings?
Numbers can be finessed to tell the tale that needs to be told. Banks report earnings without foreclosure figures. Automobile manufacturers report sales to dealers, not consumers. Sales of goods can reported without inflation adjustments.
The real story probably lies somwhere between heaven and hell, but one thing is certain. Silver and gold bullion will still hold their value through the best or worst of times.
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