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Dow 10,000: Show Me the (Real) Money

I don't think we're dealing with a complicated chess move here. Looking ahead, can you describe a scenario where the current situation just goes away peacefully? Fiat will continue to devalue one way or another as long as ultra liberal political leadership nurtured during the Vietnam anti-war continues to buy votes with Chinese wealth. When unemployment breaks into double digits and the vic starts to rise again, it's time to hide what you can in real stuff.

What Could Have Averted the Housing Bubble?

Please. Must we look at Alan Greenspan for the courage to buck the then prevalent political tide and absolve Congress (Frank, Dodds et al) and W with his excess compassion and limited intelligence. It's us. We elected these turkeys and it's beginning to look like we did it again.

Gold: Not a Bubble

What is the premium vs physical possession if you're long GLD? I was under the impression that GLD was the same as having possession of the real thing. Other than the ETF fee, what's the difference?

Wall Street Breakfast: Must-Know News

In re: Better than nothing. Hope they don't investigate Moody's too closely.

5 Potential Buyout Targets in Biotech - Barron's

Nova is right. Big Pharma is all about marketing. It began in the 70s when FDA approved patient package inserts and later went for direct to consumer advertising. Today, Pharmaceuticals ad budgets are the largest share of the advertising universe. The ethical drug industry died with the Vietnamese war and the most innovative companies are small biotechs. If they are bought by big pharma, they'll shrivel and die.

Greenspan to Bernanke - You're Becoming Irrelevant

Unfortunately, Greenspan is probably correct in his concern that the Fed has exposed its books to the likes of Bear Stearns soft assets. I agree about the dubious timing of his commentary.

Is the U.S. Banking System Safe?

The real culprit is good old fashioned greed on the part of borrowers and lenders. The only solution is to let the market mete out appropriate punishment. Of course the public and the politicians will do a host of stupid things to avoid the lash. We may be in for another New Deal long term depression which was (fortunately?) reversed by a world war. Hopefully lightening will not strike twice and our leaders have learned something from history.

CSX: One Small Win for Inflation Fighting

If you think government control over rail pricing is a good thing, then why is the US rail system the most outmoded and underused in the developed world? And why is gasoline usage per capita the highest? Our fancy highway system is heavily supported by government because it is a much better vehicle (no pun intended) for pushing political buttons.

Elan, Wyeth Take an Inside-Out Approach to Alzheimer's Vaccine

An alzheimer vacine....simply panovian. AHP used to be smarter than to go for such stuff.