Greg C. flagged this: Retail sales dip unexpectedly, jobless claims rise. Greg’s comment: It is amazing how they still keep trying to spin this [continuing decline] as a “recovery.”
Bobbi-Sue sent this Der Spiegel piece: Global Banking Economist Warned of Coming Crisis.
Thanks to Heather for sending this: US sugar supplies ‘running out’ US food manufacturers call for an easing of sugar import limits, saying they fear the country may run out of supplies.
Items from The Economatrix:
The Problem with Sticking it to Your Creditors
Panel Warns Smaller Banks Face Whole-Loans Threat
Bleak Sales are Another Reality Check for Economy
Climate Bill Could Cost Two Million Jobs
Jim Willie warns: Pressure (Countdown) to Breakdown [JWR Notes: Some of what Willie posits are unsubstantiated rumors, so digest it accordingly.]
California to Stop Issuing IOUs
Fed Reverses Plan to Buy US Debt [JWR adds: Monetization must be done more stealthily, to prevent an uproar.]