Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't
-the endless govt programs that fail to stimulate the private sector
-the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out
-Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then
highly recommended
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
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Wednesday August 28, 2013
GDX has completed an A B C corre tive pattern. And a large outside reversal day was posted yesterday.
GDX no doubt encountered a huge bout of selling at the 30 level which at the time was supposed to be support. It will take time for The Bottom to form. We continue to anticipate a more important low in October. The same thing appears for GDXJ and SIL. With light trading into the three day holiday, this should set some sort of temporary top for the time being.
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