[Marc Faber saying he's holding gold is obviously no big earth-shattering surprise, but I thought the article did mention a few other interesting points.] [more]
Serious questions being raised by Congressmen and the TARP inspector general over GM's supposed "payback" of $6.7 billion in TARP loans was actually a roundtripping of taxpayer money the carmaker already had on hand in a slushpot of your money. High-fiving in the White House may be premature. [more]
Rep. Paul Ryan tells Newsmax that America is at a “tipping point” and could be headed down a “very dangerous” path toward a social welfare state.
Rep. Ryan, first elected in 1998, is the Ranking Republican on the Budget Committee. In an exclusive interview with Newsmax.TV, he notes that congressional Democrats missed the April 15 deadline to adopt a budget and likely won’t pass any budget at all this year.
“If you look at the budget they want to pass, the one the president sent us, it’s got $2 trillion in higher taxes, doubles the debt in five years, triples the debt in 10 years,” he says. [more]
Like a sea captain surveying wrecked ships washed up on the rocks, I’m more than a bit nervous holding livestock funds like iPath Livestock ETN (COW) after seeing the stunning drop in sugar, which has plunged 43% in seven weeks on news of better-than-anticipated crops from Brazil and India. [more]
Billionaire investor Jim Rogers says the SEC allegations against Goldman Sachs could act as the catalyst end markets downward regardless of the outcome of the charges.
"Markets are overdue for a correction," says Rogers, chairman of Rogers Holdings.
"When the markets are ready for a correction, something will come along ... the straw that breaks the camel's back," he told CNBC. [more]
[I'm surprised that Robert Reich agree on anything, but here we are.] [more]
I suppose you should be grateful, not grumble, as you prepare to send a check to Uncle Sam by April 15 this year (that’s Thursday, by the way). Regardless if it’s the elimination of the Bush tax cuts or new taxes on carbon or health care, your taxes will rise in the coming years even if the economy improves. [more]
I think a lot of people here will be interested in this, especially with a lot of the discussions going on lately. This, I believe are all 5 parts to the show that aired last night. [more]