G.G. sent a link to a piece in The Financial Times about the threat of mass inflation: Germany warns on ‘crisis after crisis’ “‘I am concerned that the countermeasures we are seeing around the world, financed by enormous amounts of debts, could be paving the road to the next crisis,’ Mr Steinbrück told Bild, a tabloid daily.”
G.G. also forwarded a link to a Barron’s article: The Lessons of the Savings-and-Loan Crisis: “The current bank scandal dwarfs the 1980s savings-and-loan crisis — and could destroy the Obama presidency.The scale of fraud is immense.” “This whole bank scandal makes Teapot Dome [of the 1920s] look like some kid’s doll set… With most of America’s biggest banks insolvent, you have, in essence, a multi-trillion dollar cover-up by publicly traded entities, which amounts to felony securities fraud on a massive scale.”
KAF suggested How to Haggle and Save: Five Key Moves, at SmartMoney.com
Items from The Economatrix:
GM Shares Tumble as Fears of Bankruptcy Grow
Toyota Expecting $5B Annual Loss
Scenes From the Great Depression
The Financial War Against Iceland Defeated by debt, are we next?
Demand for Oil Drops as Outlook for G-7 Remains Grim
Do Economists Know Any More Than the Rest of Us?