Mish Shedlock has recently posted some interesting items on his blog about Super SIVs and troubled Countrywide Financial’s ) CEO Angelo Mozilo bailing out of his own shares in the company.
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SHTF Daily (one of our daily “must read” blogs) recently posted links to seven sobering economics articles: Mass auction reveals depth of foreclosure crisis, Even the renters now feel the mortgage crisis, Subprime crisis won’t peak until 2009, The dollar era is over: a long, slow collapse and a central bank firesale, Meltdown still has plenty of steam ahead, Global finance leaders gather as economic clouds darken, and Sniffles That Precede a Recession.
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After very nearly touching $14 per ounce yesterday, the spot price of silver got hammered down 25 cents to $13.74. It is still a strong “buy” in my book.