Sub prime crisis predictor Journalist Mark Pittman passed away

Mark Pittman one of the only award-winning financial journalists who brought Federal Reserve under the scanner died on November 25th in Yonkers, New York. Mark aged 52 was believed to be suffering from heart ailment. In 2007 Pittman wrote stories predicting the imminent collapse of the banking system which led Bloomberg News to win a court case against the central bank. He won Gerald Loeb Award from the UCLA Anderson School of Management, the highest honour in financial journalism.

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US recovery to take 6 years, say Fed officials

According to the Federal Reserve’s latest economic forecast the US economy could take five to six years before returning to normal growth. The unemployment is expected to hover around 6.8 to 7.5 percent through 2012, which is now at 10.2 percent. Economist David Rosenberg has a very pessimistic outlook towards the economy. 

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Catch Mr Eric Sprott, the great commodity investor of all time

The Gold Report recently published an interview of Eric Sprott, the great commodity investor. He is the CEO & Portfolio Manager of Sprott Asset Management and Chairman of Sprott Money Ltd.. Eric Sprott has 35 years of experience in the investment industry, after starting as a research analyst at Merrill Lynch. Read his views on the market and the US fiscal policy here

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