Paranoia Pays: Gold Crosses $1500

On Monday, S&P made U.S. debt more risky to hold by changing the long term outlook from “stable” to “negative.” Oddly, no one in the bond markets seemed to notice. Oh Tuesday the paranoia kicked in for the goldbugs. Now that gold has hit a record $1,500 per ounce, I’m not sure who’s more excited, the hucksters shilling gold …

Keeping Us Safe from Poker

It’s been an interesting couple of days in the place where money and gambling intersects, otherwise known as Wall Street. Over the weekend, the Internet gambling sites PokerStars, Full Tilt Poker and Absolute Poker got taken down by Preet Bharara, the U.S. Attorney for the Southern District of New York, which among other things covers …

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