Friday, April 4, 2008

Shaky economy and sub prime fiasco

I heard this NPR show last night on the way home and it was very very interesting. Makes me understand why I was holding GLD and SLV for the past year and really makes me more nervous that I'm no longer holding something with some tangible value.

Our Confusing Economy Explained

http://www.npr.org/templates/rundowns/rundown.php?prgId=13&prgDate=04-03-2008&view=storyview

It is a long 40 minute interview with economist Michael Greenberger who puts this stuff in really plain language that still seems a little confusing. The bottom line, was Bear Sterns the end of the trouble in the market or the canary in the coal mine?

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