Tag Economy

America Leaves Itself Behind-WSJ

Reason are - US is undergoing recession; other countries economies pick up along with technical expertise;EU is gaining acceptance the world over;EU is more united economically now than before;unfair trade/restrictive practices of US corporations and their propensity in interfering in local affairs .It is of interest to note only one agrement has been signed with an Islamic country,Oman.

Gold soars to record high

Price goes up if Dollar is weak,economy is tottering;up when economy is performing well for because economy is doing well people go in for gold;if oil prices are high, gold price increases;if oil prices are low,gold price increases.
Will some one tell me what exactly is happening?
May be that the Gold Cartel that fixes prices needs a look into.
Scam has gone too far unnoticed.