Gold Demand

"India imported 20 tonnes of gold in April after recording zero imports in the previous two months, though prices were ruling high in the range of 15,000 per 10 grams in domestic markets. "As per the provisional data, gold imports stand at 20 tonnes in April, 2009," Bombay Bullion Association President Suresh Hundia told PTI from Mumbai.

However, imports of 20 tonnes in April are less compared with 24 tonnes in the same month a year ago."

- Business Standard

Not too bad. Demand from the worlds largest gold customer may have slowed by about 20%. That's about right for a global depression, isn't it? Or, is that the whole story?

Fiat Hates the Carbon Police

It's interesting that the Fiat merger is being sold as more green, when Fiat's own Case New Holland Political Action Committee spends it's bribe money fighting the carbon police. Fiat's Top payouts:

1. Chambliss For Senate
2. Prosperity Pac
3. Adrian Smith For Congress
4. Friends Of Joe Pitts
5. Friends Of Mary Landrieu

Oh, what a tangled web we weave, When first we practice to deceive...

The Little One

I take a day off, and Bushbama & congress kill Chrysler. What a spectacular failure of the so-called bailout.

The death of Chrysler is probably the greatest government-induced corporate failure, ever. GM is close on their heals. The White House continues to refuse to honor Ford warranties, bizarrely denying Ford employees equal protection under the law--an apparent attempt keep the playing field as leveled as the state-run economy. Assuming one characterizes killing 2 out of the previous Big 3, in a couple of months, an "economy."