The following recently ran in The Daily Bell, published in Appenzell, Switzerland: Euro Crisis to Set One World Currency? (OBTW, subscriptions and RSS feeds to The Daily Bell are free. I read it often, and recommend it.)
Reader “Two Dogs” sent this interesting analysis: ObamaCare’s Economic Dominoes
David R. sent us an op-ed by David Einhorn: Easy Money, Hard Truths. Here is a key quote: “According to the Bank for International Settlements, the United States’ structural deficit — the amount of our deficit adjusted for the economic cycle — has increased from 3.1 percent of gross domestic product in 2007 to 9.2 percent in 2010. This does not take into account the very large liabilities the government has taken on by socializing losses in the housing market. We have not seen the bills for bailing out Fannie Mae and Freddie Mac and even more so the Federal Housing Administration, which is issuing government-guaranteed loans to non-creditworthy borrowers on terms easier than anything offered during the housing bubble.”
Items from The Economatrix:
Richard Russell: This Market Has Nowhere to Go But Down
US Plays Down European Crisis But China Worried
Six New Hurdles for Home Financing
Euro Currency To Set One World Currency?
Consumers More Cautious About Spending in April
Capital Gains Tax Rise to Punish Prudent Savers
Stocks Retreat as Fitch Downgrades Spain’s Debt
Clock Ticking On 100,000 Teacher Jobs
Ron Paul: Inside Sources Told Me Fed is Panicking at Mass Awakening