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Don't you get huge fines in those countries for dropping your gum or cigarette stump on the ground? How can such a harsh regime go hand in hand with economic freedom...

And Why America Is Going Down the Drain. Germans have six weeks of federally mandated vacation, free university tuition, and nursing care. Why the US pales in comparison. http://www.alternet.org/economy/148501/why_germany_has_it_so_good_--_and_why_america_is_going_down_the_drain/?page=entire

Denninger on gold. http://market-ticker.org/akcs-www?post=169272 He thinks it's going to crash.

Rogers >>>>>> Roubini

Yeah, but your account said 10$.... It was yours. All you had to do is push the sell buton.

If I buy a stock at 1$, it goes to 10$, falls back to 5$ and I sell... Did I make a profit or did I lose 50%? I can't get my head around this question. :)

HBO has finally released the actors in the long-awaited cast of Too Big To Fail. Waiting to see who would play who was fun -- especially when John Mack proposed (joked) that Danny Devito should play Lloyd Blankfein -- but now that we get to see who will play who, the match-ups are even more...

They must be using brain waves to keep people wanting to buy more. I'm pretty sure the technology excists so why shouldnt they use it? In the past they put micro second advertisements of stuff like Coca Cola in the movies and on TV, they just stepped it up a notch.

Barrons just labeled GBG a buy. http://www.phongpo.com/2010/10/09/gold-price-a-golden-era-for-the-yellow-metal/ Up 8%. Still room to go higher but obviously I am biased since I own it. Soros owns it as well btw.

Hugh Hendry: why the dollar could approach parity with the euro http://citywire.co.uk/money/hugh-hendry-why-the-dollar-could-approach-parity-with-the-euro/a334440 Gary Shilling: Dollar To Hit Parity With Euro, Risk of New Market lows...

Take a chart of US money base growth and a chart of emerging economies foreign reserve growth... Now put them together. Tadaaa. :)

You are minimizing gold's performance this last decade by pointing out higher returns in other assets within very arbitrary chosen time frames. Yes, emerging markets did great these last 2 years but you forget to mention many of them encountered 60% to 80% drops in the crash of 08, an...

Yea, like for instance C is up from 0,80$ to 4$. If only I would have put all my money in that cash machine.

No probably not because most gold bulls believe in the inverse relation between gold and stocks.

It's going to 10K.

He made an excellent choice outperforming probably 90% of all hedgefunds or so.

Gold is up 100% in Euro's these last 2 years as well so no complaining here... It's just this last run from 1200$ to 1350$ an ounce that can be largely atributed to USD weakness rather than gold strength.

True story, I kid you not. I live in Northern Europe and there is a GM plant in my city. It used to have 20K employees back in the seventees which was brought back to around 3K due to machinisation... The plant, although one of the most efficient and productive of all GM plants in...

That's a great blog you have, Misthos. I'll keep track of it closely. Cheers.

I think it's very funny how everyone keeps asking Taleb: You think this is a black swan? How about that? Black swan? Surely that has got to be a black swan? :p