Reader Mike M. sent us a Porkchop Express report on some Big Trouble From Big China: Smithfield Foods, the world’s largest pork producer, is being bought by Shuanghui [1]–at $5 billion, this is the largest-ever planned buyout of an American company by China.
Curious… IRS’s Shulman had more public White House visits than any Cabinet member 157 visits! [2] Apparently the White House had some deep concern about taxes. Perhaps BHO felt deep anguish about assuring tax fairness, or…?
Chart of the Day: Euro Unemployment Hits Its Worst Level Ever [3]
All Time Record Gold Transactions Reported By LBMA [4]
Items from The Economatrix:
Five Signs of an Imminent Gold and Silver Rally [5]
Consumer Confidence at Five Year High [6]
Home Prices Post Strongest Gains in Seven Years [7]. JWR’s Comment: It is amazing what tripling the money supply will do to boost prices. But please don’t call these “gains” in value.