The Mother of All Bailouts (MOAB [1]) continues to grow, just as I predicted: Congress considers more stimulus as economy shows signs of slowing [2]. (A hat tip to David D. for the link.)
Also from David: Dallas Fed Chairman: White House (& Congress) “Dead Wrong” on Financial Reform [3]. David’s comment: “Talk about dissension in the ranks, I think this would qualify. I’m surprised Mr. Fisher hasn’t been replaced yet.”
Japan’s Prime Minister Naoto Kan warns of ‘collapse’ under debt pile [4]. (A hat tip to Lee C. for the link.)
By way of The Drudge Report: Euro to hit dollar parity in 2011, if still exists: analyst [5]
Items from The Economatrix:
Economist Predicts Greek Default in August [6]
Pick-up Sales Picking Up and Economy Hitches A Ride [7]
Report: Employers to See 2011 Medical Costs Jump [8]