full year report fy11, page-38

I found this post by Krugman just posted 3 hours ago, which explains why some people in the USA still erroneously believe that they are not yet in a recession and also explains in much better words part of what I said in my last post.

http://krugman.blogs.nytimes.com/2011/10/03/yield-of-dreams-or-rather-delusions/

Curiously, when the discount rate comes down the hotillian curve in Krugman's model of gold as a exhaustible resource flattens requiring the price of gold to go up something that will be good for FML.