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Gold is a Reasonable Investment: GW

George Washington writes in at Naked Capitalism on whether Gold is a Reasonable Investment. It’s an excellent compendium of links, articles and opinion ...

Linkfest: Shadow Inventories, New Normals, Bridges to Nowhere

Random links: U.S. “Shadow Inventory” Crosses 7 million houses. With real estate developers going gung-ho again in India, and rising RE prices, it ...

IMF wants to sell 408 tons of gold, China's thinking of buying

IMF plans to sell 12.5% of its gold reserves, 403 tons worth: The International Monetary Fund has approved a sale of 403 metric tonnes of gold reserves, in a ...

Omaxe Axing Projects, Owners Furious

Praveen Singh at the Indian Express on property developer Omaxe’s Execution Failure: PM Senthil Kumar, a Delhi-based executive, booked a flat in ...

Very Important Items to be Added in the WPI

Business Standard: Mobiles and Digicams to be added to WPI (HT commenter Bingo) Over 300 new items such as mobile phones and digital cameras would figure in ...

New Tax Code: EET Regime and Tax Saving Schemes

The new Direct Tax Code is out (full draft) and proposed to cut taxes dramatically starting 2011. From a current slab of about 1.6 lakh, 3 lakh and five lakh ...

Buffett: Winning With Government Support

Rolfe Winkler on Buffett’s Betrayal: Today, Buffett remains famous for investing The Right Way. He even has a television cartoon in the works, which will ...

Too Much Pain Buying “Under Construction” Properties (Or “Holes In The Ground”)

I haven’t bought a house or apartment, because houses are WAY overpriced ever since I could afford one. Also the rent-versus-buy argument is much skewed ...

Goldman’s high-frequency code stolen?

Reuters has it, and an analysis from Zero Hedge: on Friday, one Sergey Aleynikov was arrested at Newark airport by FBI agents, as he was coming back from a ...

Michael Lewis writes about AIG

Michael Lewis on how A.I.G. and the insider view, beats up Joe Cossano. Also talks about how Goldman got away with their 100 cents on the dollar, which ...