Britannia Radio

Here is your Crux AM update: 

The ultimate retail "pairs trade", gold prediction
Dennis Gartman thinks people will "downscale" their spending. 

A bizarre set of circumstances… Switzerland may go broke
“Switzerland, like Iceland, is threatened with a potential national bankruptcy.” 

Aluminum crashes to 7-year low
Auto industry crash depressed demand for the base metal. 

Goldman Sachs cuts Japanese equity research
Lack of interest as the nation's stocks hit decade lows. 

In economic slump, 401(k) contributions stay steady
"Because most investors don’t have better alternatives." 

Stealth bull rally: The world's best market in 2009
China's Shanghai index is up 26.6% this year; the most of any global index. 

The world's most powerful investor
PIMCO has become the buyer of last resort for hedge funds, banks, and the U.S. government. 

Manhattan could be "ugliest housing market in America"
Luxury homes in NYC could fall another 30%. 

A brilliant solution for failing newspapers: make sure your content isn't terrible
Some newspaper companies have proven if their content is excellent, people will pay up. 

Regards, 

The Daily Crux
www.thedailycrux.com