Carousel

Friday Outlook: Commodities, Global Markets

The San Francisco Chronicle had an article on Sunday about the lack of prosecutions and an assertion that this credit crisis is not real. The writer said that it's a deep recession from too much debt and too much debt-financed consumption but that the idea that it's because consumers and businesses can't borrow more is a lie devised by the banks to justify handing them a lot of money that they aren't going to lend to consumers and businesses anyway.

Check it out: www.sfgate.com/cgi-bin...

How Did Gold Do During this Correction?

What is the weight of the argument that says Gold and other metals went down with the market because it was being liquidated to cover margin calls?
Thanks.
ps BTW my previous is simplistic and not quite right. ;)

How Did Gold Do During this Correction?

Money that goes to banks get the magic dust of fractional banking and is transformed into mo'money! With the helicopter flying above the bank, it can deflect a 'run on the bank' temporarily.