G.G. mentioned a Rear Clear Markets video clip that echoes something that I’ve been stressing for several years: Legendary investor Jim Rogers says that silver is an attractive commodity while gold remains at an all-time high.
Courtesy of Brian B. comes this link: The US is Pushing Its Debt Towards a $57 Trillion Hole
Yishai sent us this (by way of Glenn at Instapundit): Don’t Fear Inflation, if It Comes. (Oh, really? I guess he’s never visited Zimbabwe…)
Brian H. flagegd this: China’s Desert Ghost City Shows Property `Madness’ Persists
U.S. May Follow Britain’s Lead and Pass Bank Tax. Oh, and the Brits are also discussing bumping the capital gains tax back up to 50%
Items from The Economatrix:
New Home Sales Plunge 33% with Tax Credits Gone
CA, FL, Other States to Get More Housing Aid
Fed to Keep Rates Low to Support Weak Recovery
Deepwater Horizon: The Worst Case Scenario
T Minus 7 Days to a LIBOR-Induced Liquidity Crunch?
Harrisburg, PA, Other Cities Overwhelmed by Economic Downturn and Debt