Laura H. sent this: In uncertain times, all that glisters is a gold standard
Chauncey sent this Five Bailout Absurdities
Items from The Economatrix:
“Green Shoots” a Mirage in Economic Desert
US Taxpayers’ Costs Likely to Rise After AIG-FP Staff Quit
Wall Street Holds its Breath as 1st Quarter Results Come In
GM Told to Prep for “Surgical Bankruptcy”
HSBC Faces Crisis Over US Credit Cards
Consumer Prices Drop Unexpectedly in March
Swiss Bank UBS Cutting 7,500 More Jobs
Singapore Devalues Its Fading Dollar
Obama’s Economic Optimism Falls on Deaf Ears
US to Reveal Results of Stress Tests on 19 Biggest Banks
A Look at How Bank of America is Doing ” …when Wells Fargo announced an early $3 billion profit, the markets went into full rally mode, yet once you dig into the details, you realize that the gain was nothing more than smoke and mirrors. This is like getting excited over Countrywide Financial announcing profits months before the market crashed.” With that said, let’s look at BofA…