Getting religion: “Drastic shifts in corporate strategies are helping gold companies and their shares, repairing a disconnect between their valuations and the price of the metal.” Globe and Mail
“…the Fed’s published economic forecasts suggest QE3 would run through mid-2014 and total $1.2trn. Our own less upbeat economic forecasts suggest that QE3 should run through mid-2015 and total just under $2trn.” Goldman Sachs
Kyle Bass always gives a fantastic interview: Economic Policy Journal.
Sober Look chart: Tight residential housing inventory in the US this year.
Enjoy the Weekend!