From frequent content contributor G.G.: Gold rush in the suburbs as shine disappears from economy [1]
D.D. suggested this: Why the bank stress tests are bunk; The Obama team has put banks under the microscope and plans to release the results. If the findings are bad, expect more market turmoil. If they’re rosy, who’ll believe them? [2]
Some sobering news in The New York Times: I.M.F. Puts Bank Losses From Global Financial Crisis at $4.1 Trillion [3]
Items from The Economatrix:
Freddie Mac CFO Apparent Suicide [4]
Global Economy Expected to Shrink this Year
Leading Economist Decries Power of Wall Street “Oligarchs” [5]
Five Reasons Why House Prices May Never Recover [6]
Bank Profits Appear Out of Thin Air [7]
Yuan Trade Move “Far Reaching”
Pay Up or Get Out