Economics and Investing:

D.S. suggested this Gerald Celente audio clip “When this Bubble blows – it’s over”

Also from GG: U.S. Inflation to Approach Zimbabwe Level, Faber Says

Yet another from GG: Roubini says U.S. economy may dip again next year

Items from The Economatrix:

About 12 percent of U.S. homeowners late paying or foreclosed

Signs of More Trouble For Housing “Wall Street is so hungry for good news that stocks rallied at the barest hint of upbeat indicators several times this month.”

The Greatest Swindle Ever Sold

Insanity Gone Rampant
(Mogambo Guru)

Stocks Down Amid Worries About US Debt

1Q Home Prices Fall By 19% to 2002 Levels “It is unlikely that we are anywhere near a bottom.”

UAW Trust to Get Up to 20% of GM Shares
“GM will give the UAW up to 20 percent of its common stock, $6.5 billion of preferred shares and a $2.5 billion note to fund a trust that will take over retiree health care costs starting next year. The funding is part of a tentative agreement that union members will vote on this week as GM tries to pull together the remaining pieces that would allow it to restructure outside of bankruptcy.”

Virgin: No Airlines Will Make Money This Year

Obama: The Stimulus Bill Has Created or Saved 150,000 Jobs (Has anyone told him that jobs are being lost at the rate of over 600,000 per month?)

Dallas Federal Reserve $99 Trillion in Unfunded Liabilities

GM Says Bondholder Committee Supports Sweetened Deal

The Fed’s Balance Sheet Very soon America’s largest creditor will be … America

Hitmen Contract to Bust COMEX

April Truck Tonnage Plunges 13.2%

It Is Failing–ALL OF IT!

Rail Traffic Hits Year’s Low