Craig W. recommended this Don McAlvany address, in MP3 format: The Global State of Emergency Made Local
Reader G.G. sent this: Capital One sounds alert over surge in credit card loss rates
D.S. flagged this: A Thought for Tax Day: The Real Fiscal Crisis Is Yet to Come. The numbers cited are staggering!
Items from The Economatrix:
A “Copper Standard” For The World’s Currency? “China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves.” JWR’s comment: This is captivating but a true “standard” in copper is very unlikely, since copper is a base (non-precious) metal that can be mined in massive quantities on several continents. But this news does make me feel better about my recommendation to stock up on nickels (U.S. five cent pieces.) There is deflation now, but inflation coming, folks!
US Economy Goes Back to 1955 as Deflation Returns
US Housing Data Puts Obama’s Hopes On Hold “The fledgling recovery in the US housing market appears to have stalled, reducing the chance of President Barack Obama’s “glimmers of hope” turning into green shoots any time soon.”
US Walks Tightrope Over Bank Stress Tests The way the data is handled could spark a run on banks if done incorrectly.
White House Ties to Wall Street Doom Rescue
Low Inflation Likely to Last in Weak Economy
Recession’s Grip Tight On Jobs, Housing Market
March Housing Construction Drops 10.8%
Thrift Stores’ Business Booms Across US
Is Commercial Real Estate a Time Bomb?
Bankrupt Polaroid Draws $88.1 Million Top Bid from Patriarch