Week in Review

Quote of the week

“I do have to point out how ugly it is to celebrate the killing of another human being. Because that is what we saw in New York and Washington: People cheering in the streets, celebrating a murder. It’s not only ugly, indeed, it is repulsive.” – Gonzalo Lira

Time to Revive Some Bush Era Legislation?

by Benjamin W. Mankowski, Sr.

“On Sunday, May 1, 2011, President Barack Obama made an announcement that much of America had waited nearly ten years to hear – Osama bin Laden is dead. Reactions ranged from jubilation to relief to wondering who would take his place. There is one question that Tenthers and indeed all Americans should be asking for the sake of our troops, `When can they come home?'” more…

Conspiracy Theorists

by Vedran Vuk

“With Osama bin Laden’s death, the conspiracy theorists are out in force – and with some good reason. Who doesn’t find the killing of Osama with a shot to the head and an immediate burial at sea slightly suspicious? And now, a new term is already floating around to describe these conspiracy theorists, `deathers’ (in contrast to `birthers,’ who doubt Barack Obama’s eligibility to be president).” more…

It’s Time to Audit the Fed

by Rick Sanchez

“Congress is spending tomorrow’s money today, throwing us into economic oblivion. But Congress isn’t the only culprit in the crime of grand larceny of our future. The Federal Reserve — a quasi-public institution that includes privately-owned US banks — is a more than willing accomplice.” more…

Let’s Call It ‘VO Day’ and Get Out

by Ivan Eland

“Although the Obama administration has said that the killing of Osama bin Laden is not a VE or VJ day—which brought a return to normal times after World War II ended—perhaps it should be. President Obama should declare that the Bush-era “war on terror” has finally been won. The main trunk of al Qaeda has been severely weakened, and regional affiliates of the group would likely focus on local issues—not anti-U.S. attacks—if the United States quit stirring the hornets in their regions.” more…

Regulars

Other Stuff

And now the numbers…

DOW Jones Industrials – 12,638.74 (-171.80/-1.34%)
S&P 500 – 1,340.20 (-23.41/-1.72%)
VIX – 18.40 (+3.65/24.75%)
CSI 300 (China) – 3,142.966 (-49.757/-1.56%)
BSE 500 (India) – 7,180.70 (-246.44/-3.32%)
MICEX (Russia) – 1,681.01 (-60.83/-3.49%)
BOVESPA (Brazil) – 64,417.34 (-1,715.519/-2.59%)
Nikkei 225 (Japan) – 9,830.82 (-18.92/-0.19%)
RICI (Commodities) – 3,982.57 (-422.96/-9.60%)
Oil/bbl (Brent) – 109.65 (-16.24/-12.90%)
Corn/bu – 694.50 (-62.00/-8.20%)
Wheat/bu (CBT) – 777.75 (-23.50/-2.93%)
Rough Rice (CBOT) – 14.375 (-0.555/-3.72%)
Copper/lb – 404.40 (-13.50/-3.23%)
Gold/oz – 1,495.30 (-61.10/-3.93%)
Silver/oz – 35.935 (-12.664/-26.06%)
EUR-USD – 1.4401 (-0.0416/-2.81%)
USD-JPY – 80.5735 (-0.5415/-0.67%)
USD-BRL – 1.6148 (+0.0394/2.50%)
USD-HKD – 7.771 (+0.0048/0.06%)
NZD-USD – 0.7929 (-0.0159/-1.97%)
3 Month Treasury – 0.01 (-0.03/-75.00%)
2 Year Treasury – 0.57 (-0.03/-5.00%)
10 Year Treasury – 3.17 (-0.12/-3.65%)
30 Year Treasury – 4.30 (-0.10/-2.27%)
3 Month LIBOR – 0.27 (UNCHG)
U.S. Public Debt (official) – 14,321,667,187,751.60 (+39,069,090,210.80/0.27%)
Baltic Dry Index (BDIY:IND) – 1,340.00 (+71.00/5.59%)

Since it late Sunday evening and I’m just finishing this up, I’m going to cut it short. Have a great week! I hope to be back on schedule going forward.

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