Economics and Investing:

From reader GC: Economy Shrinks at 6.1 Percent Pace in First Quarter

Unemployment Up Again in Chicago In March, But Many Cities Fare Much Worse (thanks to Ray L. for the link)

Linked at The Drudge Report: Phoenix leads nation in home price declines in February (Down 51%!)

Commentary from Michael Pento: It’s Stagflation, Not Hyperinflation-For Now

Items from The Economatrix:

Government, Chrysler Lenders Reportedly Reach Deal to Avert Bankruptcy

Shares of BofA, Citi Drop on Stress Test Concerns

GM to Force Over 1,000 Dealers to Close

China Admits to Building Up Gold Stockpile

Small Caps Rally, Lifting Stocks