Daily Archives: 8 August, 2011

The stock market is tanking.

Gold now costs more than platinum.  Does this look familiar?

Posted in Uncategorized | Tagged | Leave a comment

Is this right?

The US government comes within hours of defaulting on its sovereign debt and it's S&Ps fault?  For what?  For causing the budget defect, or for daring to mention it?  Both, actually.  S&P gave AAA ratings to all those bogus CDS which have now … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

On finance.

This is beginning to get crazy.  The European Central Bank (ECB) says they will jump into Spanish and Italian bonds in a big way.  The G-7 says it will do anything necessary to stabilize the markets. If the markets are … Continue reading

Posted in Uncategorized | Tagged | Leave a comment