After touching a low around $680/oz earlier this morning, gold has climbed straight up to $740. That's an 8% rise intraday. I believe the sell off in gold may be over.
An interesting article about young people fleeing the country to escape large student loans that they can't repay. Granted, the percentages of thos leaving the country are still very small, but needless to say, more an more will be defaulting on these types of loans as hundreds of thousands (if not millions) of jobs are lost all across the country. It's difficult to pay back huge student loans when the best job you can find with your brand new degree is flipping burgers at McDonalds! [more]
This is a great 5 part series from Roubini. [more]