GG spotted this article: The Real Crisis Is Food: Beginning of the Bull for Agriculture
Udo sent this: U.S. Home Prices Drop [Another] 6.8 Percent in April as Foreclosures Rise. JWR’s Comment: We are nowhere near the bottom! I don’t expect that for another four to seven years. With the exception of retreat properties, it is best to stay on the sidelines and rent, while you are waiting for the market to bottom. Then you can buy for perhaps 25 cents on the dollar.
Reader HPD liked this piece by Mish Shedlock: US Approves IMF Gold Sales; What Does It Mean?
Items from The Economatrix:
Auto Industry Workers To Make Solar Products? Obama names another “czar” to help retrain employees
US Loans $8 Billion to Ford, Nissan for Green Vehicles. JWR’s comment:. This MOAB thingy juz gits bigga an’ bigga. Nissan? Is that an American company? (Not!)
BoA Resurrects Home Mortgage Advertising “Lender rebrands ex-Countrywide business, looks to restore trust” (Restore trust? With the same trustworthy “experts” at the helm?)
California Cuts Tax Exemptions For Kids Will increase a family’s amount due for 2009 by about $210 per dependent