Herb Dennenberg of the Philadelphia Bulletin warns: US Marches Toward a Financial Disaster Worse Than Anyone Thinks [1]. (A tip of the hat to “The Other Jim R.”)
GG flagged a Forbes column by Steve H. Hanke, warning that inflation will roar back with a vengeance: Fed Up [2]
Items from The Economatrix:
Rush to Universities to Escape Recession [3]
GM to Default on $1 Billion Bond Payment [4]
IMF Predicts World Recession Will Deepen [5]
Morgan Stanley Reports Four-Month Losses of $1.47 Billion [6]
Geithner: Worst Trade Bust Since WWII
Soaring US Budget Deficit Will Mean Billions in Bond Sales “Millions of lost jobs mean billions in lost tax revenue for the U.S. government, and billions in additional Treasury debt to fund a federal budget deficit that may soar to more than four times last year’s record $454.7 billion.”
Cheney: Obama Economic Plan “Dangerous” [7]
Quadrangle Facing Questions Over Pension Funds [9]
Florida County Declares State of Economic Emergency Over Economy [10]