Economics and Investing:

JHB up in Montana sent this: Banks must brace for credit card pile-up

HPD spotted this: Mish’s Global Economic Trend Analysis: Food-Stamps Reach $33.8 Million in April, 5th Consecutive Monthly Record

Times must be really bad: Engineering Unemployment Soared in 2Q to 8.6%

Reader HH sent us these three items:

Economist: FDIC gearing up for bank closures

Sales of Silver, Gold Coins Surge

Inflation: Expectations and Effects

Items from The Economatrix:

Economist Declares Train Wreck “Morgan Stanley expert convinced out-of-control budget deficits to drag economy under”

Dallas Fed: Inflation Harder to Predict

Ron Paul’s Bipartisan Attack on The Fed

Shipping Losses Flashes Early Warning Signal Again “The container industry is looking at a $20-billion black hole of losses”

Doubts About Economy Leave Stocks Flat

Pickens Scraps Wind Farm “Too difficult in getting credit for Texas Panhandle project in sour economy”

Compromise Could Follow Firestorm Over Banking Rules

Banks “Courtesy” Loans At Soaring Rates Irk Consumers The cost of overdraft protection.

G-8: Medvedev Shows Off Sample Coin of New “World Currency”