I’m in the office today because I spent so much time working on my new gold report that I have to play catch-up. Here are some things I’m reading.
First, I have a new column for Uncommon Wisdom Daily: “Mark Your Financial Independence Day … With Gold!”
And here’s an addendum to today’s column.
I mentioned that 48 states are in the hole by $168 billion this fiscal year, thanks to a sharp drop in sales tax revenues. Here is a new Center on Budget and Policy Priorities report (released on Tuesday) with state by state tables showing the shortfalls: http://www.cbpp.org/cms/index.cfm?fa=view&id=711
IN OTHER NEWS …
Wow! Great chart on bear markets. I’m not even going to try to post it because this blog’s visual capabilities are at the same level as cave drawings. Go see it for yourself: http://www.ritholtz.com/blog/wp-content/uploads/2009/06/6-19-09-secular-cycles-1.gif
Hat-tip: The Big Picture
Want to get Hulk-Smash angry? Then read “The Great American Bubble Machine” by Matt Taibbi. It’s his take on how Goldman Sachs has its tentacles far too deep in our government.
Dean Baker chimes in, saying that “Banks Own The U.S. Government”.
And that’s it for me today. I shall be working in the early part of the day tomorrow, but I plan to blow things up real good tomorrow night, as I have enough fireworks to stage a small Honduran coup. I hope you celebrate the 4th of July in whatever way makes you happy.
Related Posts
- A Nation Haggles on the Way to the Gallows … News and Links for Wednesday (06/24/09)
- Why Lost Jobs Aren’t Coming Back and Other Links for Thursday (12/03/09)
- Friday News Roundup — The Foreclosure Bomb (08/07/09)
- Are You Ready for $78 Oil? (05/27/09)
- Ready for a Greenback Rebound? (06/04/09)
{ 0 comments… add one now }