How would you like to blow bubbles in bright colors? Sounds awesome, right? Crayola’s new washable Colorful Bubbles seem like an amazing idea, especially if their bright colors don’t stain. Except some parents are complaining online that they kind of, um, do.
Bank of America, which earlier this month agreed to pay over $2.8 billion to Fannie Mae and Freddie Mac to settle claims about faulty mortgages, says it could spend another $10 billion to address outstanding claims. The company says the number is the “upper range” of its estimated housing bubble liabilities.
It’s tempting to invest in markets that are taking off, but the wisest investors find opportunities that have bottomed out or are just getting started. The fastest way to lose your money is to buy when your target is at its high point.
Those crazy NPR Planet Money kids took the money they had left over from their failed toxic asset investment – affectionately known as “Toxie” – and put it all into the next big bubble: gold! For $419 they got one shiny gold coin. In 6 months they’ll sell it, regardless of prices, and in the meantime, report on what happens to it.
Gold prices may be setting new highs almost daily, but to commodity traders, the shiny metal is just another line on a graph. And it’s a line that’s starting to look very familiar to some traders, who see a pattern similar to one that played out recently with hogs. Prices for pigs flew to new highs, and then started drifting back into the mud.
What a week for technology. Not only is it bringing us a giant iPod Touch and a pocket to go along with it, but it also marks the discovery of bacon-scented bubbles and toys with which to project them in your face. Chicken and peanut butter smells are also available. The drawback, as with Snausages, is they’re meant for dogs, so if you’re a human and you partake in their wonders then you’re seen as slummin’ it.
One industry that has grown in the recession is set for a fall. No, not vehicle repossessions or shoe repair. I’m talking about the mid-decade cupcake boom. According to Slate, the industry is due for a bust.
Is a commodity bubble the new housing bubble? [NPR]
Everyone loves the Scrubbing Bubbles Automatic Shower Cleaner, except of course, for the people who don’t. The main reason not to love the Scrubbing Bubbles Automatic Shower Cleaner is the fact that the refill costs $5.99.
The Bubble Project, a rather fun public vandalism project wrapped up in a Sunday Times’ worth of overwrought anti-corporate mumbo-justification.