Oct 19
This morning the price of oil rose over $79. Gold is trading at $1,051…about one-tenth the price of the Dow. The Dow fell 67 points on Friday. Investors began to wonder if the news coming from the banks was as good as the first reports indicated. For example, the Bank of America reported losing a billion dollars on its consumer accounts. It is all very well for JPMorgan and Goldman to make money. They’re investment banks. And they’re making money thanks to the US government’s generous bailou
