U.N. calls for replacement of U.S. dollar; Joins Russia, China and G20 with demands IMF step forward [1] (Thanks to Laura H. for the link.)
Reader John M. suggested a Market-Ticker link that clearly describes the urgency of the financial situation: Warning: Deflationary Collapse Ahead [2].
Items from The Economatrix:
Derivatives Still Pose Huge Risk, BIS Says [3]
How the Collapse of Lehman Bros. Averted a Second Depression [4]
Geithner Exaggerates US Government Retreat
Natural Gas Prices Spike 12% [5] (Even with warehouse tanks bulging!)
Stocks Subdued Amid US-China Trade Tension [6]
Wall Street Crisis One Year Later: Lehman, WaMu Lead List of Biggest Bankruptcies [7]
Wall Street Math Wizards Forgot a Few Variables [8]
Cautiously, Small Investors Edge Back Into Stocks [9] [JWR’s comment: A more accurate headline would be: Lemming-like, Small Investors Edge Back Into Stocks ]
Job Market Outlook: When Will Companies Start Hiring? [10]
Stiglitz Says Banking Problems are Not Bigger than Pre-Lehman
[11]
R.I.P. Zimbabwe Dollar [12]