Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Monday, March 24, 2008

News You Can Use for Monday

Recession in U.S. Sows Slow-Growth Economy, Weak Dollar, Faster Inflation The U.S. may pay a steep price to free itself of its economic and financial travails: bigger government, faster inflation and a poorer country.

Oil, Gold Decline as Dollar Rallies; Wheat, Corn Rise on Lower Stockpiles Crude oil and gold extended declines as the dollar rebounded on speculation the Federal Reserve's efforts to combat a housing slump and a shortage of funds in credit markets may restore investor confidence.

Gasoline at Record High Price Never Been a Better Buy, Say Citigroup, FBR Gasoline that's going for a record $3.29 a gallon at the pump is actually cheap, the way Citigroup Inc. and Friedman Billings Ramsey & Co. look at it.
Check out my new gold and energy blog at