Faber: Fed’s QE Causing ‘Colossal Asset Bubble’ (Thanks to B.B. for the link.)
Andre D. sent: Down and out: the French flee a nation in despair. Mike Williamson wrote to mention that it is pitiful to see young Frenchmen actively seeking job experience in Vietnam, because of the relative economic freedom versus socialist France.
Items from The Economatrix:
The Frightening Reality About What Is Happening In The US. “[T]his morning one of the Chinese rating agencies downgraded the US. This may not be seen as significant as one of the major rating agencies downgrading US debt, such as Fitch or Moody’s, but it lit the gold market on fire and tanked the US dollar…”