Reader Brad S. spotted this: PIMCO’s Gross: Markets exhibiting “flight to liquidity” [1]. Mass inflation is coming soon, folks. Transition out of dollars and into tangibles now, while it is still affordable!
FDIC: Problem banks at 775 [2]. “A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corporation’s list of ‘problem’ institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.”
K. in Montana sent me this one: Whatever Germany does, the euro as we know it is dead [3]
Items from The Economatrix:
Regulators Shut Small Minnesota Bank [4]
Jobless Claims Rise By Largest Amount in Three Months [5]
Oil Settles 2% Lower After Wild Swings [6]
Leading US Indicator Drops Unexpectedly [7]
Worldwide Stocks Fall for Sixth Straight Day [8]