World Bank could run out of money ‘within 12 months’ [1]. (Thanks to Chris H. for the link.)
Don W. flagged a New York Times piece: Too Rich to Worry? Not in This Downturn [2]. JWR’s comment: When even the uber-wealthy feel the pinch, then it is clear that this is not just a typical market cycle-triggered recession!
Items from The Economatrix:
Stocks Fall Following Disappointing Jobs Report [3]
[Official] Jobless Rate Reaches 9.8% in September [4]
Jobs Data Sends Oil Prices Tumbling Below $70 [5]
Banks Have Us Flying Blind on Depth of Losses [6]
Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt [7]
Stiglitz Deflation Threat Pushes Fed to Stay at Zero
US Unemployment Expected to Hit 26-Year High [8]
Form the ever-cheery Ambrose Evans-Pritchard: Does Money Contracting Signal Serious Trouble?
[9]
Factories’ Growth Slow, Jobless Claims Rise [10]