Morris S. suggested: Six investing rules for a worst-case scenario
Mark Frey Calls It: Europe Enters Full Scale Financial Panic
David Rosenberg: Euro Breakdown Could Drive Gold to $3,000. Rosenberg’s target for the Dow: 4,800. (A hat tip to Flavio, for the linkio.)
|Courtesy of SurvivalBlog’s Poet Laureate, George Gordon (“G.G.”): U.S. Debt Shock May Hit In 2018, Maybe as Soon as 2013: Moody’s
Also from G.G.: We Are Out of Money; American governance won’t begin to inch forward until the political class faces basic facts.
Items from The Economatrix:
UK Budget Deficit to Surpass Greece
Productivity Growth Ebbs, Hiring Outlook Uncertain
California AG Sues Pension Officials for Fraud
Merkel Plea to Save Europe as Panic Hits Iberia
HSBC Warns of New Credit Crunch From Tough Bank Regulation
ECB Paralysis Rattles Markets as Debt Costs Hits New Highs
Greece Will Default and Gold Will Vault
Eight Theories Why the Stock Market Plunged Almost 1,000 Points in a Matter of Minutes on 5/6/10