Iowa Farms Harvested $4 Billion of Subsidies in 3 Years [View article]
there is enough theoretical and empirical evidence showing that it is always dangerous to give out subsidies. there is a lot of cheating and markets do not function any more i.e. substitution which is a very important "tool" to increase productivity is gone.
reduce your exposion to commotities, not necessarily gold, but stay in it for a small portion of your assets. i guess you can buy it back later at a smaller price. china will have problems to sell every day more goods to the us. thus they will not grow as fast as everybody i guessing. this will dampen demand for materials. gold might be another story since we are really in a big financial mess in the us and maybe worldwide.
Iowa Farms Harvested $4 Billion of Subsidies in 3 Years [View article]
it is always dangerous to give out subsidies. there is a lot of cheating and markets do not function any more i.e. substitution which is a very important "tool" to increase productivity is gone.
Wednesday Outlook: Commodities, Emerging Markets [View article]
Get Out of Commodities - Barron's [View article]