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It's a crackdown obviously and expect more where that came from. Nobody expected the rise in gold to go down without a fight.

http://online.barrons.com/article/SB50001424053111903425204576373910676523034.html?mod=djembwr_h#articleTabs_panel_article%3D1 Barrons Mid year roundtable. Some interesting thoughts. People overal pretty bearish I would say.

Paying 50% taxes makes sense. The first 20 years of your life you can't support yourself and the latest 20 years neither. Who will pay for these 40 years? Your parents? That's utopia. The government? With what if no one wants to pay taxes?

The latest from the British tabloids. Manchester City, owned by Middle east oil Billionaires want to buy Cristiano Ronaldo from Real Madrid. They offer a 260 million USD transfer fee and a year salary of 35 million USD for the player. :p That's like a half a Billion USD deal...

It's down to that French Woman, this Mexican guy and the head of the Israel central bank I take it? I'm guessing the French will win it. It's a woman which is a plus and the European American support will prove to be enough to get the job. The Israeli guy will suffer from his background...

I Feel economics today still is for a large part very politicaly inspired rather then empirical. It's an accusation often pointed towards Austrian economics but the other economic schools are just as prone to mix economics and politics together. And perhaps logicaly so cause they can't...

Yes, you can start a coffee bar chain, or maybe you will be the next Google. Let's face it, if you start a businesss you'd be lucky to still be in business after 10 years and be able to provide yourself with a salary that whole time... Many selfemployed have to work like 70 hours to week...

Say you have 100K$ Why start a business with all the risks involved over say buying 100K$ of Google stock? Say I open a coffee bar. I have to pay people, workers, suppliers under the table perhaps even. Maybe a coffee bar opens up in the same street. Maybe they start working...

Both deal with odds and probabilities, don't they?

http://www.youtube.com/watch?v=beBys8UxVvQ

Marc Faber in his latest on how one should take everything experts say with a huge grain of salt and the unpredictability of the future: "In 1876, a Western Union internal memorandum stated that ―this ‗telephone‘ has too many shortcomings to be seriously considered as a means of...

Its funny indeed. Watch Peep show, it has the same vibe.

Ive been watching this Brittish tv comedy called Peep Show. Verry funny and underrated.

He just wanted to get to Macdonalds before it closed...:p

It's a bullshit desicion. 1: Germany today imports foreign nuclear power. How hypocrite is that? 2: If there is a meltdown elsewhere in europe, Germany would be affected just as much. Germans dont like the bailouts but there is nothing Merkel wants or can do about that so she decides to...

ACAB

Did you guys watch the game last night. Still only 23.

Belgian, I don't think one can find it online.

This was in my newspaper today. VA Linux 1999 first day profit: 698% stock performance since: -99% Globe.com 1998 606% -100% Foundry networks 1999 525% -34% Webmethods 2000 508% -74% Freemarkets 1999 483% -81% Now I understand a bit more why everyone was so into the stockmarket and...

Roubini does have a terrible trackrecord really. He called the crash, granted, but since then everything he called has gone the other way. I don't understand, if you know you are bad at predicting, why not just stick to analyzing and save your reputation.