Matt in Texas suggested this piece: Kobyashi Maru [1]. Matt’s comment: “This should help make it clear that the Federal Reserve is between a rock and a hard place. No matter what decision is made on the discount rate…we are toast.”
o o o
Thanks to David F for sending this: Two dead in Europe fuel protests [2]. David notes: “For those who think food riots and fuel shortages are limited to the Third World, I think this article might bring things home a bit. This is hoarding, boycotts, people dying, [all] because of oil. Could the US be next?”
o o o
Flood news from the Midwest: Downtown flooding ‘devastating and unbelievable’ say onlookers [3]. And meanwhile we read: Corn hits record, soy rallies as floods expand [4]
o o o
I just noticed that following news of some short term “strength” in the US Dollar, the spot price of silver has been pushed down below $16.40 per ounce [5]. Dips like these are a great buying opportunity!