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 [1].
Sue C. sent us this: It only gets worse this year for commercial real estate [2]
Kevin K. flagged this: Kalashnikov Gun Factory Offers Food in Place of Salaries [3]. 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 [4]
Dr. Gary North: Fed Starting to Unwind Loose Monetary Policy, Could Trigger Secondary Recession
Stock Market Heading for Black Monday Crash? [5]
Banks Under Attack from Washington, the Impact on You [6]
“Underemployment” Tops 20% in Three States [7]
Obama Unveils 2011 Budget with $3.83 Trillion in Spending [8]
Fewer Banks Imposing New Loan Hurdles; Demand Low [9]
Lower Gasoline Prices Vary Widely Across US [10]
Stocks Climb as Manufacturing, Spending Increase [11]