Readings from yesterday and today

You Know The Banking System Is Unsound When....
http://globaleconomicanalysis.blogspot.com/2008/07/you-know-banking-system-is-unsound-when.html
(an excelent article from Mish)

Mish: "The entire US banking system is insolvent."
http://theylaughedatnoah.blogspot.com/2008/07/mish-entire-us-banking-system-is.html
(Comments on previous article)



What's the Cost For Fannie and Freddie?
http://bonddad.blogspot.com/2008/07/whats-cost-for-fannie-and-freddie.html

Marc Faber's Latest Views
Video:
http://www.bloomberg.com/avp/avp.htm?N=av&T=Faber%20Says%20Fannie%2C%20Freddie%20Should%20Split%20Up%2C%20Not%20Get%20Aid&clipSRC=mms://media2.bloomberg.com/cache/vIlnyetSHhx0.asf
(The world is in recession already, I put out a negative view for industrial commodities for the second half of 2008 and I stick to this view)

Fannie, Freddie Rise After Lawmakers Agree on Bill
http://www.bloomberg.com/apps/news?pid=20601103&sid=aEUQ4aE8D2HI&refer=news

Ford: $8.7 Billion Loss
http://calculatedrisk.blogspot.com/2008/07/ford-87-billion-loss.html

China may dump its US Treasury holdings
http://yellowroad.wallstreetexaminer.com/blogs/2008/07/23/china-may-dump-its-us-treasury-holdings/

Thursday Oil Market Round-Up
http://bonddad.blogspot.com/2008/07/thursday-oil-market-round-up_24.html

Charts on Gold, the Dollar, Oil -- and News You Can Use
http://redhotresources.blogspot.com/2008/07/charts-on-gold-dollar-oil-and-news-you.html

UK Investors Buy Physical Gold in Record Numbers - Target Price for Next Leg Increases
http://jessescrossroadscafe.blogspot.com/2008/07/uk-investors-buy-physical-gold-in.html

Charts in the Babson Style for Midweek 23 July 2008
http://jessescrossroadscafe.blogspot.com/2008/07/charts-in-babson-style-for-midweek-23.html

Updated Gold Forecast for 2008-2009
http://jessescrossroadscafe.blogspot.com/2008/07/updated-gold-forecast-for-2008-2009.html
($1200+ at the year end)