Three for Tuesday
1. "The founding fathers of Communism, like Internet investors [in the late 1990s], believed that a new era had arrived." Bill Bonner.
I've always distrusted new agers, whether they're holding crystals, wearing denim, or toting a laptop. They all say the same thing: the old paradigms are dead: the free market, Christianity, and p/e ratios.
And they're always wrong.
2. Enjoying this economic recovery? I am, but use it to brace yourself for another wave of pain. Others are: "Citigroup Inc. and JPMorgan Chase & Co. are hoarding cash as if another crisis were on the way." See also: Link.
3. 640,000 new jobs? The Daily Capitalist breaks down the administration's lie.