Saturday, 7 February 2009

$1,000 gold "not a question of if" but "how soon"
The CEO of the world's largest gold producer believes rattled investors will send gold soaring.

Canadian oil sands region bleeding to death
Banks encouraged to step in with emergency loans.

Hedge fund guru gives away his best picks
A copy of Greenlight Capital's year-end letter.

U.S. gov't set for greatest indebtedness in human history
If we owe you a billion dollars, that's our problem. If we owe you trillion, that's your problem.

Wall Street picks up the tab for hookers
Famous New York madam may release her client list... says patrons used company cards.

Dumbest hedge fund in history loses 89.5%
Utterly stupid is all we can say.

Breaking up BRICs
S&P says the four emerging market powers should be broken up.

JPMorgan says GE's AAA is "unsustainable"
The investment bank says GE will lose its AAA rating and likely cut its dividend.

Ridiculously expensive handbags withstand recession
LVMH and Hermes both grew revenue in 2008.

Regards,

The Daily Crux
www.thedailycrux.com