George Gordon (“GG”) sent this: In Coke We Trust; Investors now view a default by the U.S. Treasury as more likely than a default by the Coca-Cola Company.
Sue C. sent us this: It only gets worse this year for commercial real estate
Kevin K. flagged this: Kalashnikov Gun Factory Offers Food in Place of Salaries. JWR’s Comment: If they don’t have cash to pay workers, then they probably don’t have cash to pay the food suppliers, either. I suspect that some barter is going on. (Which would make me very happy, if I were a local farmer.)
Items from The Economatrix:
Central Banks End US Dollar Emergency Swap Lines
Dr. Gary North: Fed Starting to Unwind Loose Monetary Policy, Could Trigger Secondary Recession
Stock Market Heading for Black Monday Crash?
Banks Under Attack from Washington, the Impact on You
“Underemployment” Tops 20% in Three States
Obama Unveils 2011 Budget with $3.83 Trillion in Spending
Fewer Banks Imposing New Loan Hurdles; Demand Low
Lower Gasoline Prices Vary Widely Across US
Stocks Climb as Manufacturing, Spending Increase