A preview of Things to Come, for the U.S. of A?: Iceland reports record 34 percent inflation
Portuguese Five-Year CDS at Record High, Spread Wider. Can you spell D-E-F-A-U-L-T, boys and girls? (Our thanks to Brad F. for the link.)
RBS sent this: Forget 10% Unemployment, The Real Job Loss Pain Number is 54%
Amy R. sent this: U.S. Food Inflation Spiraling Out of Control
Courtesy of frequent content contributor Jeff B.: 10 Cities Facing a Double Whammy of Default Risks
Thanks to Mark G. for flagging this: The Housing Crash Has Just Started; Get set for falling prices again. Round two is about to begin.
Items from The Economatrix:
Greek Bond Market Crash, Greek Budget Deficit Worse Than Feared
Marc Faber Says Holding Cash Will Be A Disaster, Investors Should Accumulate Gold
Why are US Stocks an the US Dollar Rising?
The Devaluation of the US Dollar, Gold’s Springboard
US Housing Market Crash Update, There’s a World of Pain Ahead
Financial Reform Bill Will Devastate US Economy
US in the Midst of the Greater Depression, Fourth Turning Generational Crisis