Economics and Investing:
Citibank Buys $1Billion in Gold From Venezuela. 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. o o o 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. o o o Items from Mr. Econocobas: U.S. GDP Gained A Sluggish 0.2% In First Quarter 2015 US Homeownership Rate Drops To 1983 Levels: Here’s Why America’s Student Debt Pain …