Daily Reading on the Financial Markets: 8/21/11
I noted this earlier, but since I post so many bearish articles, in the spirit of (slightly more) balanced representation I thought I should note again that Warren Buffett is buying.
David Kostin, of Goldman Sachs, gets decidedly more bearish. From Zero Hedge.
Wells Fargo warns that gold is a bubble about to burst. What else would a bank say?
Marc Andreessen at WSJ says software is the place to be, as a key driver of the global economy.
Sprott Asset Management calls the U.S. Trade Deficit the “Greatest Trade of All-Time”, as we’ve traded paper for an ever-increasing amount of real goods for 36 years and counting.
The strength of the Swiss Franc may wreak havoc on European municipalities with adjustable rates tied to the Franc.