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50th Wedding Anniversary ProgramPosted on April 7, 2010. And a Happy Birthday Credit Crunch 2nd to you too! Who does not like to celebrate a birthday with a thoughtful gift? The tradition of giving a gift specific to a specific anniversary dates back to the Middle Ages and is probably rooted in the underlying belief that some lucky connections, providing distinct substances with a number of years. In medieval Europe as the 25th anniversary stage only and 50th were celebrated. To mark the occasion of the Silver or 25th wedding anniversary, a husband his wife with a crown silver crown. On their blessed Golden or 50th wedding anniversary, he has graciously given her a golden crown. While no one is, as far as I know, married to Wall Street, it is important to note that the second anniversary of the credit crunch arrived. What to give the investor penny stock that has survived the last two years? The traditional gift for second anniversary is cotton ... you are more modern, you can look at China. In light of the initiatives that fiscal and monetary policy rose from above, it is interesting reading to reflect on how the U.S. economic landscape has changed since the crisis began. Here are some quick statistics to warm your heart. The federal rate reserve fund is down 5.25% to zero, the deficit was up 2% to 13%, mortgage rates are down 6.5% to 4.7% and the balance Fed up 850 billion to $ 2 billion. Despite this, GDP growth is negative by about 5% and the unemployment rate has doubled to almost 10% over the last two years. In an article I read, David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates, noted that only politics is virtually unchanged from two years ... the U.S. dollar. "It is the only policy tool that has not changed one iota since the crisis erupted two years ago. But we are sure that the unemployment rate is making new highs and poses more obstacles policy in an election year mid-term, it is perfectly logical for a country that still functions in its best interests - even if it can not be in everyone's interest - to punish a U.S. dollar devaluation as a means of stimulate the national economy, "he said. Rosenberg, it seems, believes that the U.S. dollar has potential to lower important; suggesting that investors should consider protecting their portfolios against a falling dollar by taking positions in commodities, the gold, the Canadian dollar resource stocks, and sectors of the United States who have a high foreign exposure. Some penny stocks are a good business under the radar that could, given the current economic climate, beautiful and good in your portfolio. Apollo Gold Corp. (AGT - AMEX) is engaged in the exploration and production of gold and base metal by-products in the United States, Canada and Mexico. The company owns the mine at Black Fox (Canada), the project Huizopa (Mexico) and is a 50/50 joint venture partner and operator of the Montana Tunnels Mine (USA). In recent months, AGT has made great progress at its Black Fox project and schedule and budget. In addition, the first gold bar at the mine have been paid in the last week of May On July 22, AGT has announced plans for a second phase of core drilling to follow up positive drill results from diamond drilling program on its Grey Fox property in 2008. The company plans to launch the Grey Fox drilling project in early August 2009. It provides that the core drilling program will continue in 2010. Richard Nanna, Senior Vice-President, Exploration stated, "We have had great success in our drilling program in 2008 in identifying new gold zones at Grey Fox. We have many exciting exploration of complete and we are excited to begin ". Have your say. CommentsThere are no comments.Leave a Comment |