The Irish National Treasury Management Agency, which is is responsible for the nation’s sovereign debt, put a brave face on things. They pointed out that Moody’s now rates the country’s bonds as “stable” rather “than negative, possibly indicating that Ireland will hold the Aa2 rating for a while.
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One path to golden riches, the magazine found, was the most old-fashioned - prospecting for gold in streams and other potentially gold-rich locations. The Gold Prospectors Association of American, based in Temecula, California, says that its membership jumed 93 percent in 2008, with more than 62,000 members around the country.

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For instance, figures for U.S. growth in the second half of 2010 will now likely trend downwards, as Americans send their earnings abroad.

On the other hand, foreign economies will be glad to see the U.S. picking up its old mantle of consumerism, which many feared had entered a permanently decreasing stage.

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This was the fifth gain in as many months, said ADP, but far below the projected level of 60,000 jobs. Figures like this stoke fears of either a jobless recovery or a double-dip recession.

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The current fiscal debacle in some European Union countries has led to the inevitable speculation over whether the euro currency will exist years from now.

This is because rising deficits across the continent have led to a higher chance that a country could default on its debt obligations, resulting in a wave of financial losses for banks across the continent that hold these bonds.

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This is because financial experts are becoming concerned that oil prices could be rising at a rate that will impede the slowly emerging economic recovery around the world.

A report this week in London’s Financial Times newspaper noted that the current $87 price level for a barrel of oil is inviting speculation that the commodity is headed back over $100. This would raise the danger of a double-dip recession by increasing the existing financial burden on consumers and businesses.

The newspaper added that some major Wall Street institutions predict that oil will be priced above $100 next year, due in part to increased economic activity.

Investors who are unconvinced that the current recovery will take hold have a handful of options to consider when it comes to stability. For example, dealer gold has long been seen as a safe haven investment during times of uncertainty.

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New data from the Congressional Budget Office indicates that for the first six months of fiscal year 2010, the government ran a $714 billion deficit. One potential bright spot here is the fact that this figure was $67 billion than that recorded at this time last year.

The report also noted that federal outlays and revenues had fallen by a respective 6 and 4 percent margin over the past year. Much of the current improvement was said to be fueled by a reduction in the projected cost of the government’s Troubled Asset Relief (TARP) program.

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Given the vast size of the national debt and the hundreds of billions of dollars it takes each year just to finance it, many people expect that higher taxes will eventually become part of the fiscal landscape.

This will especially be the case if the government ever defaults on its obligations and is suddenly unable to borrow more money or is forced to do so at a higher cost.

With these things in mind, a recent Reuters report noted that Paul Volcker, a former Federal Reserve Chairman who advises President Barack Obama on economic issues, had recently warned that that higher taxes may be necessary to reduce the deficit at some point in the future.
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