CMBS Delinquencies Hit Fresh Record, Now at $51 Billion, 268% Increase. (Thanks to G.G. for the link.)
Also from G.G.: Still No Credit Where It’s Due (Commercial and industrial loans have contracted 19% in the past 12 months. Consumer credit is down 6% in the year to February, when it stood at the same level as June 2007.)
RBS sent us this: Idle rail cars generate cash for Boise
Also from RBS comes this article in Der Spiegel: The Mother of All Bubbles Could Push Euro Zone into Bankruptcy.
Thanks to Steve S. for forwarding this: China May ‘Crash’ in Next 9 to 12 Months, Faber Says
Greece’s Costs Seen Exceeding EU-IMF Help
Items from The Economatrix:
Trickle of Nonsense (The Mogambo Guru)
Frugality Among Consumers Outliving Recession. (Could it be, because people realize that the “recovery” is a fraud?)
Government Debt Explosion Hits Turning Point
Stocks Extend Decline On European Debt Worries