Wednesday, June 19th, 2019 MST

Federal budget deficit widens

In the first seven months of this fiscal year, the federal budget deficit grew 38% over the same period last year.  The Treasury ran a $541 billion deficit from October through April, compared with $385 billion during the same period a year earlier.  Part of the increase was attributable to a shift in the timing

GDPNow 1.2%

The business channels were all aglow last week when the Bureau of Economic Analysis (BEA) reported that the Gross Domestic Product grew by 3.2% in the 1st quarter.  Trump supporters were ecstatic. However, yesterday GDPNow, an analysis based a methodology similar to the one used by the BEA, posted a projected increase of only 1.2%

What not to buy

Sometimes it is just as important to know what NOT TO BUY as it is to know what to buy.  High premium coins promoted by telemarketers fall into the category of what not to buy.

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