Is Gold Really At a Record High?

Is Gold Really At a Record High? (New York Times) Not if you index for inflation and look at real, instead of nominal, prices. The same holds true for other commodity prices, such as oil. The question on the table: Are the alarms being raised over inflation overstated—because we haven't adequately indexed for inflation?"


The Real Economy and Financial Economy Diverge, Compliments of QE2(Propublica) Jesse Eisinger argues against a flood of cheap money pumping up the paper economy and introducing more moral hazard into an already hazardous system.

George W. Bush's Obama Endorsement? (Financial Times) It may no longer be relevant but it still seems odd—and, perhaps, vaguely amusing.

$105 Billion in Open Market Operations Coming Over the Next Three Weeks (Bloomberg) The United States Federal Reserve Bank will purchase Treasury securities in order to expand the money supply, consistent with its stated policy.

Last Month's Air Terror Threat May Have Been More Dire Than We Knew (Reutuers) "Forensic examination has indicated that if the device had activated it would have been at 10:30 hrs BST (0930 GMT) on Friday, 29 October 2010. If the device had not been removed from the aircraft the activation could have occurred over the eastern seaboard of the U.S. "

Stocks Slightly Higher; Oil Prices Rise (Yahoo) "The S&P energy index, up 1 percent, was the best performer of the S&P 500's top 10 sectors. The stock of Chevron, the second-largest U.S. oil and gas company, rose 1.6 percent to $84.91. Chevron was the Dow's top points gainer."