By: Lina Maini

Lina Maini — Fri, 04 Dec 2009 13:28:12 +0000

I’m not quite sure of the relation to the article but I can certainly understand the apprehension we all feel with what is a global economic crises. Regardless of the GM bailout in particular, I am not happy with teh government forcing first CEO Wagoner out, then his predecessor until they happily ensconsced their own government elected board member as CEO.

By: strainer3

strainer3 — Thu, 03 Dec 2009 19:51:48 +0000

I think what the US government (and other govt's that have followed in their footsteps) has continued to do to try to support the economy is very misguided. They have wasted trillions of dollars bailing out creditors and shareholders of failed institutions with broken business models rather than addressing the structural flaws in the system of too much debt. And this is going to lead to massive problems down the road with regard to our currency and interest rates, in my opinion. And I think that the gold price breaking out to a new high is a strong indication of the reduction in faith and confidence that people have in governments and their fiat currencies. I recently read a good article called Gold Price Hits Record as Gold Fever Grips Wall Street that discusses the Federal Reserve's easy monetary policies in order to try to prevent any sort of deflation from occurring and to try to reflate asset prices. I think this story is very helpful for any investor to read because it helps to explain the investment implications for the dollar, the gold price, and gold mining companies who I believe will continue to benefit from central banks' inflationary programs.

Comments on: A Strange Week It Was…

By: Lina Maini

By: strainer3