Markets slip again on weak housing data, economic outlook, Greenspan speaks: what the great contrarian indicator had to say this time, and plenty more…

We made a brief trip back to France for a board meeting. Returning to London, people all seemed to be in mourning. Black is the color in London. Everyone wears black. Black pants, black skirts, black coats…

…the cabs are black…and so is the mood.

Bloomberg.com reports that Janet Yellen, president of the San Francisco Fed bank, says, to my complete disbelief, “For some time to come, disinflation, and even deflation, will represent greater risks than inflation.”

What a weekend of intrigue. It began on Friday afternoon, not long after the market closed, when most investors had switched off for the weekend.

The mobs are forming… Give the sans-culottes a chance…and they’ll turn violent. So far, two bosses have been held hostage in France. Employees wanted something the bosses either couldn’t or wouldn’t give.

Doug Noland of PrudentBear.com found all kinds of interesting things last week, especially if you enjoy heart palpitations and crushing chest pains…

Pity the rich. Pity the CEOs. Pity the capitalists.

The Great Red Hope. We’ll get to the commies in a just a moment. First, a question: what happened to Tuesday’s big rally?

The Dow roared back yesterday. It ended the day up 379 points. Gold fell $22 – to end the day below $900.

Hugo Salinas Price, at plata.com, really had me going when he wrote, “Several years ago – I don’t remember the date – I read an interesting comment”…