Yikes! CBS Advertising Net Income Plunges 96% [1] (Thanks to frequent content contributor F.G. for the link.)
Tom G. mentioned this piece by Karl Denninger: Blatant Monetization Uncovered: Federal Reserve bought back half of the seven-year issue this week [2]. I ‘ve warned you that monetization (and inflation) are coming. This is just the begriming!
Reader Karl in PDX asks: Do you remember in the 1990 [gangster] film Goodfellas, by Martin Scorsese, when one of the robbery team goes out and buys a pink Cadillac for his wife with the proceeds? Robert DeNiro’s character has to step in. “Now, what did I tell you about laying low for awhile. Huh?” This news headline too familiar to be a coincidence: Goldman employees told no big purchases [3]. “…this is a sensitive time for us, and wants to make sure that we’re not being seen living high on the hog.”
From frequent content contributor GG: Lithuanian Economy Shrank 22.4%, EU’s Worst Recession [4]
Items from The Economatrix:
Southern States Becoming Epicenter of Job Losses [5]
Is Gold Gearing Up (Again) to Break $1,000? [7]
Skip the Happy Talk, this Depression is Just Beginning [8]
Wealth for the Sensible [9] (The Mogambo Guru)
Obama Administration Withholds Data on Clunkers Most buyers not picking Ford, Chrysler, GM
Bank Regulators Dig in Against Obama Shake Up [10]
US Stocks Retreat on Worse-Than-Expected Jobs, Services Data [11]
Georgian Bank Says Bad Loans Surged 10 Times in Six Months, Seeking Cash [12]
Factory Orders Increase 0.4%, Ex-Transport Increases 2.3% [13]
Senate Poised to Add $2 Billion to “Clunkers” Program [14].
Biggest Recession Blunders