Economics and Investing:
Jim W. sent a link to some analysis of the recent jump in the 10 Year Treasury rate: The Nightmare Scenario Gold-Bashing Mythology Hits New Crescendo. (Commentary by Jeff Nielson.) Marc Faber: People With Assets Are All Doomed The News, the Spin, and the Reality of the FOMC Meeting No great surprise: Maryland, Virginia, D.C. escaped government spending cuts. (The D.C. Beltway’s deeply entrenched bureaucratic aristocracy rarely suffers.) Items from The Economatrix: Retirement Shortfall May Top $14 Trillion Peter Schiff: Fed Is Trying To Ref late A Phony Economy Also from Peter Schiff: “Vicious” Gold Rally Coming