SurvivalBlog’s Editor at Large Michael Z. Williamson sent this: Number of Utah jobs created by federal stimulus ‘inflated’
GG was the first of several readers to mention a recent piece by economist Nouriel Roubini: Mother of all carry trades faces an inevitable bust
Damon S. sent us this bit of gloomage: Small-Business Bankruptcy Filings Up 44% Year-over-year, Equifax Data Shows
Items from The Economatrix:
US Inflation to Appear Next in Food and Agriculture. Here is a quote from the article: “While most mainstream economists such as Nouriel Roubini are warning of deflationary threats to the U.S. economy, it is our belief that massive price inflation has already begun. The Federal Reserve’s policy of massive monetary inflation in 2009 has caused the Dow Jones to bounce over 50% from its low, oil to rise 100% from its low, and gold to surge to a new all time nominal high. One NIA co-founder just saw his health insurance premium rise 16% over a year ago; and the average tuition for a four-year public college increased this year by 6.5%.”
Budget Deficits Risk Dollar Collapse and Breakdown in International Trade
GAO: Full Recoup of Government Auto Investment Unlikely
Fed to Hold Rates at Record Low, But Cracks Emerge
Goldman Sachs Warn of Huge Oil, Food Price Hikes
US Businesses at Risk Over CIT Group’s Bankruptcy
CIT Bankruptcy Will Cost Taxpayers Another $2.3 Billion
How Detroit Turned Into a Ghost Town
Ron Paul: Be Prepared for the Worst
Roubini: Global Markets Could Soon Crash
Grim Reality: US Not Out of Recession