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
Coupons.com 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)