Economics and Investing:
Herb Dennenberg of the Philadelphia Bulletin warns: US Marches Toward a Financial Disaster Worse Than Anyone Thinks. (A tip of the hat to “The Other Jim R.”) GG flagged a Forbes column by Steve H. Hanke, warning that inflation will roar back with a vengeance: Fed Up Items from The Economatrix: Rush to Universities to Escape Recession GM to Default on $1 Billion Bond Payment IMF Predicts World Recession Will Deepen Morgan Stanley Reports Four-Month Losses of $1.47 Billion Geithner: Worst Trade Bust Since WWII Soaring US Budget Deficit Will Mean Billions in Bond Sales “Millions of lost jobs mean …