Former President Bush still hospitalized

(AP) Former President Bush still hospitalized
HOUSTON
President George H.W. Bush, who has been in a Houston hospital with a lingering cough since November, needs to "build up his energy" before he can be released, doctors said Sunday.

Methodist Hospital spokesman George Kovacik said in an emailed statement that doctors are still optimistic the 88-year-old Bush will make a full recovery, but are being "extra cautious" with his care. Bush is in stable condition, he said.

Bush was hospitalized Nov. 23 for treatment of a bronchitis-related cough. Hospital officials have said Bush has been receiving physical therapy to increase his strength.

Bush spokesman Jim McGrath said on Thursday Bush could be released in time for Christmas.

However, Kovacik said Sunday a discharge date has not been set, and it remains unclear whether the 41st president will be able to spend the holiday at home. Kovacik said that could be decided Monday, Christmas Eve.

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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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