FT.com / Comment / Opinion – Exploding debt threatens America

FT.com / Comment / Opinion – Exploding debt threatens America

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Crisis spurs spike in ‘suburban survivalists’ – Yahoo! Finance

Crisis spurs spike in ‘suburban survivalists’ – Yahoo! Finance

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Is-Your-Home-a-Good-Investment: Personal Finance News from Yahoo! Finance

Is-Your-Home-a-Good-Investment: Personal Finance News from Yahoo! Finance

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Slumping Treasury bond prices send stocks lower – Yahoo! Finance

Slumping Treasury bond prices send stocks lower – Yahoo! Finance

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Nothing Will Stop House Prices From Tanking But Low Rates Help: Tech Ticker, Yahoo! Finance

Everyone agrees that the economy won’t recover until house prices stop falling, and the government is frantically trying to find ways to make that happen. Alas, there’s nothing that can be done to stop the fall, says Whitney Tilson, author of More Mortgage Meltdown: 6 Ways To Profit From These Bad Times.But the government’s decision to aggressive reduce mortgage rates is helping, Tilson says. The artificially low rates (produced by the Fed buying mortgage securities) have reduced the impact of violent mortgage-rate “resets” that were driving many homeowners into foreclosure. They’re also allowing families to refinance at a lower rate and thus have more money to spend.Some worry that creating artificially low rates is just “kicking the can down the road”–delaying the inevitable foreclosures and thus dragging out the housing cycle. In some cases, Tilson says, this is in fact what is happening. But overall, low rates are allowing the country and economy to absorb the body-blow of tanking house prices more gradually. And because the real “subsidy” is coming from those who are lending money to the US government at startlingly low rates, this bailout (unlike most of the others) is not coming at the expense of the taxpayer.

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Credit Crisis Watch – John Mauldin’s Outside the Box – InvestorsInsight.com | Financial Intelligence, Advice

Credit Crisis Watch – John Mauldin’s Outside the Box – InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

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Buy SPDR Gold Shares (GLD)

Gold ETF - "GLD"

Gold ETF - "GLD"

Bank of America-Merrill Lynch continues to recommend gold to its clients.

In its May 21, 2009 report to clients, the bank wrote:  “Gold has long been used as a hedge in times of heightened geopolitical instability, rising trade protectionism, 0% central bank target rates, and both inflation and deflation.

So, when we see headlines like this pop up on our Bloomberg – ‘Ahmadinejad Says Iran Successfully Tests Missile’ or ‘Arms Sent by US May Be Ending Up in Taliban Hands’ in yesterday’s New York Times, we believe it is important that we reiterate our view.

In the interim, we see that the dollar has been shaky in recent weeks, having dropped nearly 9% since early March, and that just bolsters our case for gold.”

5/21/09 Bank of America-Merrill Lynch, “Morning Market Tidbits”.