* Gold and silver skyrocketing, but hard reversal on Tuesday. Same with other commodities.
* Bond market eroding as Quantatative Easing backfires.
* Friday’s optimistic job report is small limited to service sector. (Peter Schiff advocates production.)
* World-wide criticism of the Fed. Germany calls Ben Bernanke “clueless.” Obama defends Fed during India visit.
* Obama says Fed’s mandate is to grow economy. This is BS actual mandate is price stability and employment. Fed CAN’T grow economy.
* Sara Palin’s criticism of Fed in Wall Street Journal and WSJ calls it the “harshest criticism of Fed they’ve seen from a politician.” WTF??? There’s this guy Ron Paul who’s actually in office, you know.
* Ben Bernanke’s op-ed defends QE2. He has nerve to claim increase in stock prices will spur consumer spending. Completely incoherent! This is nothing but a stock market bubble. Surprising lack of criticism to this in WSJ.