How Strong is the U.S. Economy?
Samuel Pelaez, chief investment officer of Galileo Global Equity Advisors, joined Daniela Cambone of Kitco News at the 2018 Precious Metals Summit in Beaver Creek, Colorado.
Samuel Pelaez, chief investment officer of Galileo Global Equity Advisors, joined Daniela Cambone of Kitco News at the 2018 Precious Metals Summit in Beaver Creek, Colorado. Sam notes how the U.S. economy is strong due to isolated events, such as the lowering of the corporate tax rate at the end of last year, but that other areas of the economy have demonstrated weakness –construction materials, junk bonds and housing. The two also discuss real interest rates, which are currently negative, and how this could be positive for gold and other commodities.
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The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.
U.S. Global Investors owns a 65% interest in Galileo Global Equity Advisors.