2.20.2009

Gold hits $1000

Woo-hoo!!!

What? Nobody feels like celebrating today? Not feeling too festive?

Gold hitting $1000 is like collecting on your homeowner's insurance after the whole neighborhood has burned down.

No comments:

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...