White House forecasts higher budget deficit [1]: ” …a $1.75 trillion deficit, or 12.3 percent of GDP.”
Skip sent me this: Is America About to Go Broke? [2]
WSJ Video: Dow 4,000 Still in the Cards [3] (Thanks to Chris for the link.)
From Greg: Commodities – Shortages stir coffee and sugar prices [4]
From Tom S.: Where are Argentina’s coins? [5]
Items from The Economatrix:
US Red Ink Rises Even Higher, $1.8 Trillion [6] The Federal government will have to borrow nearly 50 cents for every dollar it spends
Chinese Deflation Picks Up Speed [7]
Local UK Governments Lose 2.5 Billion Income [8]
Enjoy The “Rally”…Sucker Punch Coming [9]
Stiglitz: Green Shoots? Don’t Speak Too Soon [10]
GM Shares Drop to Lowest Since Great Depression [11]
US Banks Brace for Credit Card Write-Offs [12] “Experts predict that millions of Americans will not be able to pay off their debts, leaving a gaping hole at ailing banks still trying to recover from the housing bust.”
Despite Signs to the Contrary, Real Estate Will Get Worse [14]