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I’m writing this article today out of anger, yes, anger. Here’s the latest offering of a steaming pile of cow dung that passes for financial journalism that I stumbled across the other day: “The headlines say the financial crisis is behind us. The Dow is back to pre-financial crisis levels. Layoffs are the slowest since the financial crisis, and car sales the highest since the financial crisis. So why are Americans [...] “Consumer Confidence Rises to 4-Year High,” blared the Bloomberg headline in a font that really was that big. That’s just so wrong. So wrong. I mean, should we really be jumping up and down, shouting, “Hip Hip HOORAY! Hip Hip HOORAY!” Uh… no. Let’s look at the first key point that Bloomberg made. Household confidence improved last week to a four-year high as more Americans said the economy was improving [...] 5:44p ET Thusrday, November 3, 2011 Dear Friend of GATA and Gold: Denying a recent freedom-of-information request from a citizen of the United Kingdom, the Bank of England has insisted on secrecy for its swapping and leasing of gold from the national reserves. Replying on October 24 to GATA supporter James Bern, who sought a more precise accounting of the British gold reserves, Bank of England spokeswoman Jackie Keating wrote that the gold [...] |
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