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Taxpayers must pay the freight for over-budget train projects
Topic - John Browne, Baron Browne Of Madingley
Gold's rise seemed unstoppable at one point, but millions of fanatics got a jolt last month when the market posted its biggest collapse in 30 years, including a 9 percent one-day drop to less than $1,400 on April 15.
Call it the Rodney Dangerfield rally. Like the economic recovery that underpins it, the bull market on Wall Street today gets no respect.
The United States looks increasingly likely to lose its gold-plated AAA credit rating in the next few months amid warnings by Wall Street rating agencies that last week's $650 billion "fiscal cliff" deal did not go far enough to reduce $1 trillion deficits and stabilize the debt.
Legislators in Washington who are tempted to punt yet again this fall and not take the painful medicine needed to tame the government's spiraling debt might want to consider the fates of European political leaders who did the same thing in years past.
What do Gen. Stanley A. McChrystal and BP have in common? Aside from the fact that they're both Democratic Party supporters.
A lot of oil is being spilled in the Gulf, but almost as irresponsible is the ink that's been spilt incorrectly analyzing the disaster. What's largely being overlooked is how BP's hyperfocus on trendy but nonviable green energy alternatives caused this holocaust to wildlife and the environment.
Though gold prices may be down for now, it will emerge victorious once the Fed's inflationary policies come home to roost, he said.
John Browne, an economist with Euro Pacific Capital, agreed that a loss of confidence in major central banks is what is driving gold's rise among investors.