LOS ANGELES, June 16, 2009 – In its second quarterly report of 2009, the UCLA Anderson Forecast indicates that there is no quick fix for what is ailing the US economy and that it is still “very sick.”

“Tepid” Economic Growth for 2009

UCLA Anderson Forecast senior economist David Shulman notes that the US Economy will experience “the weakest economic recovery of the postwar era”.   The Forecast sees the “tepid” growth of gross domestic product improving from negative growth in the second quarter of this year to nearly perceptible growth in the final quarter. (more…)

Noted precious metals and commodities expert Jim Sinclair has recently warned in his newsletter,  JSMineset that there is increasing “buzz” circulating in the precious metals investment field that many of the largest mints and depositories are facing severe financial troubles.  As a result, he is advising in his newsletter that anyone with a significant investment in precious metals take immediate delivery of their holdings.  You can read his comments below, and also use the link included to subscribe to his free gold investment newsletter

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Why Gold Is Destined To Rise Significantly In The Next Few Months

by Chris Apicella

With all the failures in US economic policy, it is regretful that we must report that more, much worse problems are coming ahead which will result in not just the inevitable slide in the value of the dollar, but also continued and significant decline of the US economy as whole, and the failure of the current, ill-conceived government policy to stop the continued heamoraging of jobs and value from the US economy. The economy is destined to stay stuck in this rut until a new set of industry supportive policies takes hold in Washington. (more…)

by Bill Bonner

London, England

“Either cuts in spending or increases in taxes will be necessary to stabilize the fiscal situation,” said Ben Bernanke in response to a question posed by a member of Congress. Then, he added… “The Federal Reserve will not monetize the debt.”

That last sentence has a ring to it. It reminds us of Richard Nixon’s “I am not a crook.” Surely, it is destined to make its way into the history books, alongside Bill Clinton’s “I did not have sex with that woman” and the builder of the Titanic’s “even God himself couldn’t sink this ship.”
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