1. It's important to have a woman, who helps at home, who cooks from time to time, cleans up and has a job.
2. It's important to have a woman, who can make you laugh.
3. It's important to have a woman, who you can trust and who doesn't lie to you.
4. It's important to have a woman, who is good in bed and who likes to be with you.
5. It's very, very important that these four women do not know each other. [more]
Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March lows — the best performance since the 1930s.
What's not to like?
Plenty, according to Mohamed El-Erian, chief executive of giant bond manager Pimco.
The investor says the recovery may be gaining steam but is no different than a kid who eats too much candy at one of the birthday parties his 6-year-old daughter attends.
"We're on a sugar high," El-Erian says. "It feels good for a while but is unsustainable."
His point: This burst of economic activity fed by government spending and near-zero interest rates will soon peter out. [more]
[This article is kind of hyping a book by Andrew Ross Sorkin, but it's still an interesting article.] [more]
Stocks need to fall about 18 percent to reach fair value, says David Rosenberg, chief economist at Gluskin Sheff & Associates.
Investors are overestimating global economic strength and corporate earnings, he told Bloomberg.
“Based on the economic outlook, fair value in the S&P 500 is closer to 900 than 1,100.” [more]
The decades-long campaign of Ron Paul to have the Government Accountability Office do a full audit of the Federal Reserve now has 313 sponsors in the House.
Sometimes perseverance does pay off.
If not derailed by the establishment, the audit may happen. [more]
Reports of the economic rebound in the U.S. have been greatly exaggerated, opines Harvard University economics professor Dr. Martin Feldstein, a former White House economic adviser. [more]
Meredith Whitney feels pessimistic about the economy and financial system, because the government has run out of ways to provide support. [more]
Investors should dump the dollar and put their money into commodities, says billionaire investor Jim Rogers. [more]
Uber bear investor and Gloom, Boom and Doom Report editor Marc Faber says Dubai World’s debt problems are just the tip of the iceberg, and suggests investors will be better off not buying U.S. government bonds. [more]
OTTAWA — The end to the recession didn't come with a bang but with a whimper. [more]