Vicki sent us a bit of video mirth to cheer us up, since there is more bad economic news to come: Taxpayers Clearinghouse Prize Patrol – Yes We Can! [1]
Thanks to OSOM for this: Marc Faber goes survivalist [2] (as quoted in Bloomberg). “The best bet for investors may be to buy a farm and escape from the cities, as a prolonged recession could lead to war, as the Great Depression did.”
From Bill in Ohio: The D-word: Will recession become something worse? [3]
From reader HPD: Bernanke Says U.S. May Need to Expand Bank Rescue [4]. (Yea, the girth of the great MOAB [5] groweth, mightily.” )
Also from HPD: Hidden Pension Fiasco May Foment Another $1 Trillion Bailout [6]. What does this mean? An even bigger MOAB?
Items from The Economatrix:
Fed Launches $200 Billion Credit Program [7]
Ford, Toyota Sales Plunge as Slump Continues [8]
Taxpayers Hit by Expanding AIG Black Hole [9]
Freddie Mac Chief Resigns After Five Months [10]
Experts Predict Dow Will Hit 5,000 [11]
Jim Rogers Buys Land, Starts Farming [13]
Celente: The Greatest Depression is Underway [14]
Ukraine Risks Unrest as Ills Worsen [15]
Off the Scales [16]
Poll: Americans Losing Sleep Over Economic Woes [17]
Oil Could Fall to $25 a Barrel in Three Months [18]
Consumer Spending Rises in January; Not Expected to Last [19]