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Last week, I received a marketing letter with the headline, “America on the verge of collapse.” The author predicted that gas prices were about to spike to $10 per gallon due to Middle Eastern turmoil and the Fed’s inflationary policies. I don’t buy it at all. Even though I do think gasoline prices will stay […]
Given the severe problems the West faces (Europe, debt crisis, high unemployment), how can stocks be making new highs this year? The answer is simple. All stock and commodity prices look forward, and what do they see? Well, the markets see some light at the end of the tunnel. Europe is finally adopting some austerity […]