Economics and Investing:

Laura H. sent this: In uncertain times, all that glisters is a gold standard

Chauncey sent this Five Bailout Absurdities

Items from The Economatrix:

“Green Shoots” a Mirage in Economic Desert

US Taxpayers’ Costs Likely to Rise After AIG-FP Staff Quit

Wall Street Holds its Breath as 1st Quarter Results Come In

GM Told to Prep for “Surgical Bankruptcy”

HSBC Faces Crisis Over US Credit Cards

Consumer Prices Drop Unexpectedly in March

Swiss Bank UBS Cutting 7,500 More Jobs

Singapore Devalues Its Fading Dollar

Obama’s Economic Optimism Falls on Deaf Ears

US to Reveal Results of Stress Tests on 19 Biggest Banks

A Look at How Bank of America is Doing ” …when Wells Fargo announced an early $3 billion profit, the markets went into full rally mode, yet once you dig into the details, you realize that the gain was nothing more than smoke and mirrors. This is like getting excited over Countrywide Financial announcing profits months before the market crashed.” With that said, let’s look at BofA…