Do you remember my warnings about “creative” ways that legislators might find to solve budget crises? Brace yourselves. CBO: Taxing mileage a ‘practical option’ for revenue enhancement. (A hat tip to J.H.B. for the link.)
My cousin in England sent this: Proof That Gold Is Not a Bubble
Gonzalo Lira: How Likely is QE-Three? (Lira thinks either that there will soon be be either more monetization or seizure of IRAs and 401(k)s.
G.G. flagged this: Morning Note: Gold Replacing Dollar as World’s Reserve Currency?
Also from G.G.: Buffett Warns: The Dollar Will Decline
Items from The Economatrix:
Stocks Falter Despite Improving Economic Reports
Oil Slides as Rebels Take Libyan Ports