Sue C. and Chris S. were the first of a dozen readers to forward me this article link: Seven Things About The Economy Everyone Should Be Worried About
Trent sent us this: Gold is “fairly expensive” could fall to $800 if Fed moves Midas fund manager says. [JWR’s Comment: I’m dubious about a big correction in the near future. I don’t expect interest rates in the US to change radically anytime soon. If anything, they are headed lower, in a desperate attempt to turn the real estate market around, and boost equities. Also note that the funds have continued to be big gold buyers, even after gold topped $1,000 per ounce. There will be some dramatic dips, but gold is still in a bull market. You can quote me on this: In the long term, gold will prevail, and the dollar will fail.
GG sent this: Home sales plunge nearly 17 percent in December – largest drop in 40 years. Meanwhile, we read: Government pulling out of mortgage support as home resales plunge. (Thank to EMB for the latter link.)
From Greg C.: Poverty rate hits 17.5 percent in Nashville
Commentary from Instapundit editor Glenn Reynolds: “MYSTERY BIDDERS” at Treasury auctions. Let’s hope they’re gullible!…