Chris Weber: don’t bet your retirement on stocks right now DailyWealth

Porter Stansberry explains the forces behind the current rally The Daily Crux

America is running out of rope The Market Ticker

The world financial system’s Achilles’ heel The Daily Reckoning

Roubini on a U shaped recovery Naked Capitalism

Larry Flynt calls for a national strike The Huffington Post

Look for an X shaped recovery Real Clear Markets

The risk of double dip recession rising Financial Times

What the stress tests didn’t predict NYT

The anti-wealth rhetoric isn’t confined to Argentina’s dysfunctional democracy. Will’s father, Bill, who recently visited us down here in Buenos Aires, says the “war against capitalism” is a worldwide phenomenon.

Early this week, we introduced the idea of buying the ABCs – Australia, Brazil, and Canada – as a way to own commodities for the long term. Several DailyWealth readers wrote to ask, “Great… but what about Russia?”

A recent full page advertisement in the Financial Times caught my eye. “Ethics”, it screamed in bold print. And then went on to say, “When someone has achieved the CFA designation, make no mistake he, or she, is well aware of ethical responsibilities.

I recently heard a radio interview with a prominent economist who was defending Federal Reserve Chairman Ben Bernanke’s moves to shore up the markets on Wall Street. Bernanke, the economist said with emphasis, had spent years studying the “mistakes” of the Fed during the Great Depression and was not going to repeat the “errors” that the Fed directors committed from 1930 to 1933.

“When people think the sky is falling, they don’t want to lend money” says Bill Bonner.

“Why bother?”

“They think they won’t get it back… But there’s the paradox: the sky is said to be falling…but investors aren’t running for cover.”

The end of the “superboom” in asset prices has finally arrived, says billionaire investor George Soros.

According to a report in The Daily Telegraph, “Speaking on a BBC documentary, Mr Soros said that at the heart of the financial crisis was the culmination of a 60-year-old boom in leverage, the result of which will be a far deeper downturn than many expect.”

Read on at Telegraph.co.uk.