Mish Shedlock has recently posted some interesting items on his blog [1] about Super SIV [2]s and troubled Countrywide Financial’s ) CEO Angelo Mozilo bailing out of his own shares in the company.
o o o
SHTF Daily [3] (one of our daily “must read” blogs) recently posted links to seven sobering economics articles: Mass auction reveals depth of foreclosure crisis [4], Even the renters now feel the mortgage crisis [5], Subprime crisis won’t peak until 2009 [6], The dollar era is over: a long, slow collapse and a central bank firesale [7], Meltdown still has plenty of steam ahead [8], Global finance leaders gather as economic clouds darken [9], and Sniffles That Precede a Recession [10].
o o o
After very nearly touching $14 per ounce yesterday, the spot price of silver [11] got hammered down 25 cents to $13.74. It is still a strong “buy” in my book.