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 [1].
Courtesy of Brian B. comes this link: The US is Pushing Its Debt Towards a $57 Trillion Hole [2]
Yishai sent us this (by way of Glenn at Instapundit [3]): Don’t Fear Inflation, if It Comes [4]. (Oh, really? I guess he’s never visited Zimbabwe…)
Brian H. flagegd this: China’s Desert Ghost City Shows Property `Madness’ Persists [5]
U.S. May Follow Britain’s Lead and Pass Bank Tax [6]. 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 [7]
CA, FL, Other States to Get More Housing Aid [8]
Fed to Keep Rates Low to Support Weak Recovery [9]
Deepwater Horizon: The Worst Case Scenario [10]
T Minus 7 Days to a LIBOR-Induced Liquidity Crunch? [11]
Harrisburg, PA, Other Cities Overwhelmed by Economic Downturn and Debt [12]
Why Many Analysts See Gold Going as High as $10,000 [13]
Taxes Coming Due for $1 Trillion in Commercial Real Estate [14]