Reader Dan D. recommended this piece by Simon Johnson: Europe Risks Another Global Depression
Commentary from Bill Pesek: Biggest Bubble in History Is Growing Every Day. He’s anticipating big time currency inflation in east Asia. (Thanks to Auby for the link.)
Mike H. recommend this essay by Doug McIntosh, posted over at Steve Quayle’s site: When the Gimmicks Fail
Items from The Economatrix:
Shell Downplays Prospect of Quick Recovery in Oil Demand Despite Profits Rebound
The Bernanke Reappointment: Be Afraid, Be Very Afraid
Planned Layoffs Rise for First Time Since July Economic Report
The Devaluation and Fight for Survival of the American Middle Class
Global Insolvency, How Will the US Service its Debt?
G-7 Seeks to Calm Global Markets, Sustain Rebound