Reader KAF forwarded this: U.S. Budget Deficit Hit Record $1.4 Trillion in 2009
Illinois State Comptroller Dan Hynes Says State Finances A Mounting Crisis, Things Getting Worse. (Thanks to Jeff B. for the link.)
Matt in Tennessee alerted us to this video clip from Gerald Celente: The Dollar is Finished. And, BTW, Peter Schiff agrees. He announced “The carry trade [in US Dollars] is on!”
Items from The Economatrix:
Roubini: Housing Market Hasn’t Bottomed Yet
Treasuries Fall After Weaker-Than-Average Demand at Bond Sale
US Budget Deficit Balloons to $1.4 Trillion
Questions Remain About Iceland’s Banking Collapse
Latvia Threatens Foreign Banks with Huge Losses
Gold Hits New Record High for Third Day as Funds Move In
New Monetary Target: The Fed Under Fire
Dry Guide to “Recovery” (The Mogambo Guru)