The Other Jim R. was the first of several readers to alert us to this article: We’re Screwed! ShadowStats.com founder John Williams explains the risk of hyperinflation. Worst-case scenario? Rioting in the streets and devolution to a bartering system [1]. [Gee, what blog has Mr. Williams been reading?]
YRC Has Until Yearend to Corral Bondholders, Avert Bankruptcy [2].
Items from The Economatrix:
Retailers Slash Prices After Christmas [3]
Shoppers Return to Malls, Looking for Deals [4]
Stores Hope Gift Cards Will Give Post-Christmas Lift [5]
Credit Crunch: Home Equity Lending Evaporates
[6]
China Closer to Becoming World’s Second Largest Economy [7]
US Removes Caps on Fannie, Freddie Lifelines for Three Years [8]. This means unlimited funds to failed mortgage giants.
Treasury Yield Curve Steepens to Record on Debt Demand Concern [9]