Economics and Investing:

B.B. sent in this article on the Bullion Baron: Soros Reloads SPY Puts, $1.3B Bet On S&P 500 Decline

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Bob also sent in this follow up to “Singularity” that asserts that the models are not working. In this article, Robert Samuelson – no darling of the economic right to be sure – provides an assessment of applied economic theory and finds that economists don’t really know what’s going on and can’t really predict where we are headed. This act of self analysis and honest reflection is somewhat refreshing…..even though – as in yesterday’s article/blog – there is no answer provided. Perhaps that is the real insight, that even economists are finally realizing the conundrum in which the global economy is poised. The Lights Go Out On the ‘Dismal Science’

Items from The Economatrix:

Food Prices Soar As Incomes Stand Still

Bank Of America Warns \

Following the Bodies: “We Are at the Precipice of Something So Big, It Will Shake the Financial World”

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