G.G. sent a link to a piece in The Financial Times about the threat of mass inflation: Germany warns on ‘crisis after crisis’ [1] “‘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 [2]: “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 [3], at SmartMoney.com
Items from The Economatrix:
GM Shares Tumble as Fears of Bankruptcy Grow [4]
Toyota Expecting $5B Annual Loss [5]
Scenes From the Great Depression [6]
The Financial War Against Iceland [7] Defeated by debt, are we next?
Demand for Oil Drops as Outlook for G-7 Remains Grim [8]
Do Economists Know Any More Than the Rest of Us? [9]
China Slows Purchase of US and Other Bonds [10]