Economics and Investing:

From reader H.P.D. Mish’s Global Economic Trend Analysis: Treasury to Delay Reporting Bank Stress Test Results

G.G. sent this: Businesses Gird for Depression

Also from G.G.: IMF gold sale may push down prices below $800

Items from The Economatrix:

Wed. Stocks End With Modest Gain

CEOs Expect More Job Cuts Through End of Year Sees 190% Increase Over Last Year Cereal and baby food top the list

Few US Cities Escape Recession’s Reach

Treasury to Offer Limited Aid to Certain Insurers (Only if the insurers own banks or savings & loans)

New Jobless Claims Fall More Than Expected to 654,000

Stocks Surge as Profits at Well Fargo Jump “The fact that Wells Fargo can have record profits despite the troubles facing the banking system tells you something…” Yes, it certainly does.

As Home Values Fall, Property Tax Revolt Brews

The Recession Has Gotten So Bad, Even the Repo Man’s Singing the Blues

The Penny Drops (The Mogambo Guru)

GM Pensions May Be “Garbage” With $16 Billion at Risk