In This Issue:
Our Monthly Performance Update
The Golden Rule - Does It Still Apply?
Gold vs. Treasury Bills
Treasury International Capital Flows Jump
Real Estate Update
Who Pays the Taxes?
No Recovery in Tax Receipts
Portfolio Performance Analysis
My Boise State Broncos
Is the real economy truly turning up or are recent upward ticks in the data caused mostly by government stimulus programs? One thing for sure is that betting against the American consumer has historically been a very bad idea. Are gross amounts of government spending trying to make this a better trade?
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