Daily Reading on the Financial Markets: 5/28/12
To American visitors, Happy Memorial Day.
From Washington’s Blog, the unacceptable cost of the American war machine.
Also from Washington’s Blog, unsatisfied by backstopping the TBTF banks, Washington may be ready to backstop the entire derivative market. Hopefully we have a fresh ink cartridge – err, keyboard – installed for that.
At International Business Times, Mine2Capital co-founder Alka Singh provides a list of the gold and silver miner he finds most attractive.
At Seeking Alpha, Michael A. Gayed suggests that the rapid deterioration in higher risk credit suggests that equities remain at risk of further downside.