Well its not really gloom and doom, perhaps rather people being bullish on commodities from hereon.
Whats with the financial media in all this. Their complete defense of the government, bailouts, money printing (oops, the new cool name "Quantitative easing"),FED? I know most of them don't have a glue, but they could at least pretend to be unbiased and present the alternative view that bailouts make recessions worst and plant the seeds of inflation. I guess dont get how the media can be so closed and one-sided. See how outraged the CNBC anchor got when Shiff said they should let them go bankrupt. Wow!
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