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Economics and Investing:

Citibank Buys $1Billion in Gold From Venezuela [1]. Maduro’s cash-strapped regime is so desperate for revenue that they’ve agreed to pawn 1.4 million ounces of gold, which amounts to $714 per ounce. – H.L.

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The Fed has been horribly wrong about nearly everything they have forecast and most of the policy actions they have taken as both a central bank and a regulator for the past twenty years. [2]

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Items from Mr. Econocobas:

U.S. GDP Gained A Sluggish 0.2% In First Quarter 2015 [3]

US Homeownership Rate Drops To 1983 Levels: Here’s Why [4]

America’s Student Debt Pain Threatening a Corner of Bond Market [5]

Guess Who Predicted The Failure Of QE [6]