We’ll start with some relatively good news: Oil producers running out of storage space: Glut caused by world slowdown leaves the world awash in crude [1]. (A hat tip to Charley S.)
Sean M. sent us a link to some charts sum up how bad things are getting, very succinctly [2]:
DD sent this: As markets slump, U.S. tries to halt cycle of fear [3]. (They may say that we have “nothing to fear but fear itself”, but I don’t think it is irrational to fear tens of thousands of unemployed and hungry people that have been kicked out of their foreclosed houses.
Frequent content contributor HPD sent this: TARP Investments Bleed Another $5 Billion: Report [4]
Items from The Economatrix:
Job Forecast For College Seniors: Grimmer than Ever [5]
Stocks Move Higher after Five Days of Heavy Selling [6]
Shares Bounce Back in EU and Asia Despite Treasury Dire Warning [7]
Ukraine on Brink of Bankruptcy [8]
Asia Markets Gyrate on Global Fears [9]
White House Knocks Jim Cramer for Calling Obama Budget “Greatest Wealth Destruction By A President” [10]
Russian Scholar Says US Will Collapse Next Year [11]