Economics and Investing:

GG flagged this: Banks still getting sicker; The economy may have turned, but banks will be cleaning up after their lending mistakes for years. Several big banks may already be doomed to fail.

Also from GG: Bank of England surprises markets with move to increase ‘printing money’ plan

This was linked at the excellent news aggregation blog Total Investor blog: ‘Lost Couple of Decades’ Looming for U.S. Economy: Chart of Day

Several SurvivalBloggers sent us this: Obama announces $2.4 billion grant for electric vehicles

Items from The Economatrix:

Audio Clip: Unemployment Decline “A Little Bit Misleading” Analyst says “people have withdrawn because they are discouraged”

Entering The Greatest Depression In History
“On May 13, 2009, Celente released a Trend Alert, reporting that, “The biggest financial bubble in history is being inflated in plain sight,” and that, “This is the Mother of All Bubbles, and when it explodes […] it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world.”

Iceland: Economic Lessons Learned From the Meltdown

Rich Dad, Underwater Dad: 21 Million Homeowners With Negative Equity Or No Equity In Their Homes

Hot and Cold of Economic Winter (The Mogambo Guru)

Obama Says US Economy Saved from Catastrophe [JWR’s comment: Don’t spoil the moment by telling him about the next tidal wave of foreclosures.]

Gold Slips on Stronger Dollar, Other Metals Rise

US Labor Dept. Shows 70% of American Industries Are Cutting Jobs

Job Loss Recovery May Take “Several” Years

California Won’t Accept its Own IOUs