Copper Prices Have Soared as Stockpiles have Plunged

Big news yesterday: “Jobs report dashes hopes on recovery,” says the International Herald Tribune this morning. Oh? Yes, dear reader…once again, we’re right and they’re wrong! You’ll recall from yesterday, the feds said that their monster stimulus program would hold unemployment below 8% in 2009. The year’s not half over and the rate is already 9.5%. Then, they said the…Read more…

This week began with shrieks of joy. First, a federal court came down on Bernie Madoff like a brick on a baldhead. Madoff, convicted of lying to investors, drew a sentence that only a sea turtle or a swamp oak could complete. Then, like children playing in the sea, investors were teased by one wave…Read more…

The Washington Times reports, “U.S.’s Debtor Status Worsens Dramatically”, which I initially thought referred to a recent shopping trip made by my family, but which was not, as I deduced from the subhead “Foreigners hold 50 percent”, which wouldn’t make sense in a story where the central theme was the heartrending tale of “Man sits…Read more…