Economics and Investing:

Saturday, Aug 17, 2013

Reader C.D.V. sent: New Fox, Same Henhouse: Wall Street Takes Over LIBOR. This piece includes some interesting thoughts on derivatives: "A former trader who worked in both New York and London recently told me, 'At the end of the day, this market is running on the [Federal Reserve]. Once they pull out it’s all over. Cheap money, loads of people making loads of money, but no lessons learned.'"

I noticed that Backwoods Home magazine now has a "pay for your subscription in pre-'65 silver coins" option. (We do likewise, for our voluntary Ten Cent Challenge subscriptions.)

Similarly, Late's diner offers 1964 prices to customers paying with silver coins. (A hat tip to H.L. for the link.)

Items from The Economatrix:

Has The Landscape For Gold Changed Forever?

Summer Retail Is A Bust, But Watch Out For Fall

Gold Surge Bodes Ill For Economy


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