Weekend Read-Up (15 Feb 2009)
- Congress approves $787b stimulus bill
- Priced in gold, the Dow is off 81% from its 1999 peak
- Silver the other precious metal
- Germany fails to place treasuries, again
- Contango in oil just doesn’t want to go away
- Europe, especially Ireland, is in bigger troubles than the US
- Michael Moore is looking to make a film on the ‘biggest swindle in American history’
- Money printing fears hit pound
- They Could, So They Did (Thomas Friedman)
- Saks is looking to sell $7000 suits in a recession
- U.S. already faced an ‘electronic run on the bank’ (Youtube)
- Honey & Cinnamon cure many diseases
- “I’ve failed over and over and over again in my life and that is why I succeed.” – Michael Jordan
- John Mauldin: Time for a reality check
- The Stanford economist Paul Romer famously said, “A crisis is a terrible thing to waste.”
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