No one really knows how long the global recession will last, but based on a recent article it may persist longer than predicted. The message to investors, therefore, is that bonds and gold may be the best way to ride out the storm instead of trying to cherry pick winners.

Freddie Mac and Fannie Mae are to America’s great empire what the East India Company was to the British Empire in the 19th century…and the Louisiana Company was to France in the 18th. Huge, stupid, and probably fatal.

The Wall Street Journal recently served up an interesting headline: “Russian Wealth Fund Rattles West.”

It’s a good time to run an oil business. Reuters reports: “Shell profit beats forecast on record oil…” “BP profit beats forecast on record oil.” Not such a good time to run an airline.