JPMorgan and the U.S. Treasury just saved us from the real risk of Depression…It was the Panic of ‘07. The economy was weakening. Stocks were falling. Banks had lent too much and were now seriously tightening up. It all came to a head when a major bank was about to fail. Something had to be done.

Food costs skyrocket across the globe…how the latest surge means more than just higher prices. Kevin Kerr on the U.S. agricultural crisis just around the corner. Legendary investor says U.S. market has hit a bottom… for now. Byron King on the latest DOD energy project… and how you can profit from it. Bernanke called to Congress again… our thoughts on his latest testimony.

J.P. Morgan bashes the boom…huh? J.P. Morgan has come out with a bewildering note to clients on commodities. Among other things, the note argues, “That the sector’s safe haven status has, ironically, increased its risk profile by making its relative performance a derivative of financial market conditions.”

So much power to be had, is it any wonder JP dipped their hand into the cookie jar? Whether they get in trouble for this or not, is in doubt.