Friday, 20 February 2009

Here is your Crux PM update:

World's best on sale: Warren Buffett approaches 2003 low
Buffett's Berkshire Hathaway is close to its panic lows reached in November.

"How many of you people want to pay for your neighbor's mortgage?"
A solid free market rant from CNBC's Rick Santelli

Credit card defaults set to rise to record levels
"This is going to be an awful year for the credit card industry."

Living in California is going to get more expensive
State government votes to boost sales tax and vehicle tax.


Economic mess Argentina cut to "frontier" market status
Joins Serbia, Sri Lanka, and Bangladesh in the club.

Go get a mortgage! Rates at record lows...
The rate on a standard 30-year mortgage is down to 5.04%.

One upon a time, America had zero national debt.
An excellent short essay on how we lost our way...

General Motors is axing Saturn
The bankrupt automaker is ending the multiple brand approach.

A distortion in the gold market could make you 200% this year
Despite all the interest in precious metals, small gold mining companies are still dirt cheap.

Regards,

The Daily Crux
www.thedailycrux.com