Reader P.D. spotted this: Global Exposure in Financial Derivatives Surpasses One Quadrillion Dollars [1]
This was linked at the Total Investor blog: Economist Shiller Sees ‘Bad Recession,’ Stocks Could Drop Again [2]. “Shiller says that this is a dreaded “liquidity trap.”
The MOAB keeps growing: Fannie & Freddie: The most expensive bailout [3] (Thanks to Charlie W. for the link.)
From “HP” comes this piece by Mish Shedlock: Bernanke Terrified Over Commercial Real Estate, Seeks Still More Power Over Consumers [4]
Heather flagged this: Cash-strapped states raid 911 funds [5]
Items from The Economatrix:
Global Exposure in Derivatives in Excess of One Quadrillion Dollars [6]
24 Trillion Reasons to Buy Gold [7]
Strategist: China Politely Moves Away From Dollar
US Foreclosure Crisis Spreads to New States [8]
Awash in Nonsense [9] (The Mogambo Guru)
John Galt: Welcome to the Eye of the Storm [10] “Welcome to the eye of the storm. And that storm, as displayed above, is Hurricane Wilma, the most intense storm in recorded history. That storm is getting ready to move again and the most powerful part of the eyewall is about to slam into our economic fantasy land at full force.”
Massive Airline Cuts as Business Travel Plunges
New Fed Role: “Super Cop” to Police Banks [11]
No Jobs, No Insurance; Hard Times for Young Adults
Coca-Cola 2Q: Profits Up 43% [12]
Starbucks Back to Roots with Cafe Concept
Bernanke Says Jobs, Consumers are Key [13]
Brazil and Canada Begin Dumping US Treasury Bond Debt
Bernanke Fights Threat by US Congress to Audit Fed