From G.G.: Brace For Hyper-Inflation [1]
Spotted in the Drudge Report news links: Magazine Ad Pages Decline Almost 26% in First Quarter [2]
G.G. also sent a link to yesterday’s Dilbert cartoon strip [3]. G.G.’s comment: Dilbert is channeling [economist Gerald] Celente.
Items from The Economatrix:
How Consumers Can Take Smart Advantage of Falling Prices [4]
Fed Finds Faint Signs Economy Starting to Level Off
401(k) Losses Devastate Retirees [7]
Glamour Dims as Hecklers Hit Auto Shows
Gasoline Expected to Remain Cheap this Summer
Food Auctions Thrive During Recession [8]
General Growth, 2nd Largest Mall Owner, Fails [9] Historic real estate failure, more than 200 malls
US Foreclosures Up 24% in 1st Quarter [10]
Another Fairy Tale: JPMorganChase 1Q Beats Expectations [11]
TARP Cash Isn’t Moving Forward “The largest bank recipients of U.S. government aid are offering less credit to businesses and consumers, the Treasury Department said Wednesday, reflecting and exacerbating the tenuous state of the current economic environment.”
Economic Data Contradicts Obama Optimism [12]
Biggest Drop in US Industrial Output Since WWII [13]
Global Demand Hopes Propel Oil Higher [14]
OPEC Sees “Devastating Contraction” in Oil Demand