Economics and Investing:

[UPDATED] Silver investors: Here is one of those dips that I mentioned! Silver at under $35 per ounce is a definite buying opportunity. $35 per ounce equates to around 25 times face value (wholesale), for pre-1965 “junk” silver coins. They were a whopping 37 times face just six days ago. Buy now!

C.D.V. send this: Underwater Mortgages a Threat to Recovery; Expect No More Than 3% Growth Until Housing Recovers

Portugal becomes third euro country to get bailout. (Thanks to G.P. for the link.)

Also from G.P.: About 1 in 7 in U.S. Receive Food Stamps

Former Comptroller David Walker: Restoring Fiscal Sanity in the United States: A Way Forward

Items from The Economatrix

Why People Are Buying Silver Now

Manufacturing Index Rises, Construction Spending Rebounds Breathe in deeply and smell the landluft— the barnyard scent of hundreds of billions of magically-created stimulus dollars.

Gas Prices And Debt To Dominate Congress In May

China To Purchase $1 Trillion In Gold; Price May Reach $2,000/oz This Year

Businesses Ordered More Factory Goods In March

The Slowing Global Economy