Economics and Investing:

Yishai was the first of several readers to mention this “must read” piece: US speeding towards financial crash

 

Jimmy G. sent this: Stocks still face deflationary collapse: Prechter. I agree that there will be deflation, but only in the short term. I still see Uncle Sugar’s only viable option is inflating their way out of this mess. This leads me to coin a new motto: Never underestimate the ability of governments to print money.

Items from The Economatrix:

Six Insurers to Get Billions in Bailout Money (JWR Notes: The MOAB won’t stop growing!)

GM to Close 1,100 Dealerships

Consumer Prices Flat, Industrial Production Dips

Exchanges Sense Bonanza In Derivative Regulations. “Exchange trading of all derivatives has not been made mandatory, which is a big relief for the industry,” said an executive at one large derivatives dealer.”

US to Roll Out Latest Phase of Rescue Plan

If Consumers Won’t Kick Start the Economy, What Will?

Doubt No More (The Mogambo Guru)

New Jersey’s Public Pension Bomb “For years, states all across the country have been starving their retirement plans. Here’s a look at how the crisis is playing out in New Jersey, where the bill is coming due, and the state doesn’t have the money to pay it.”

401(k) Investors Can’t Get Any Money

Sour Commercial Real Estate Loans Threaten to Hurt Regional Banks

Forensic Examination of the Gold Carry Trade?