Economics and Investing:

The new class divide: Debt; In hard times, how much money you make matters less than how much you owe. Many of today’s have-nots are yesterday’s gotta-have-it-alls

Matt B. and Cheryl both sent a link to an animated map that shows job growth and losses for the past few years. Cheryl’s comment: “As the timeline progresses to August , 2009, it looks like a nuclear blast map.” Correlate that map with my Recommended Retreat Areas. Where will crime be higher in the next few years?

Items from The Economatrix:

Obama, Facing High Unemployment, Defends Stimulus

Betting The Fed

Bankruptcy Filings Rise to 6,000 a Day Due to Job Loss

Bankruptcy’s Hidden Toll: The Little Guys

Celente: Exclusive Interview

13 Cities Post Unemployment Higher Than 15% for April

Real Unemployment Situation
26,000,000 unemployed or underemployed, $10/hr jobs growing, $20/hr jobs disappearing
The article begins: “On Friday, we learned that the unemployment rate jumped to 9.4 percent from last month’s 8.9 percent. The BLS data surveys 160,000 businesses and government agencies that affect roughly 400,000 people so the data does cover a large portion of Americans and gives us a good sample size. The markets were largely moving sideways on Friday unable to make sense of the mixed data because we are still largely living through a highly volatile market.”

Gold At $2,000