And so, inexorably, the The Mother of All Bailouts (MOAB [1]) grows: Obama Officially Begins Push For New Bailout of the States [2]. (Thanks to G.G. for the link.)
D.D. sent this: “Housing Still Sluggish”—Harvard study uses the “D” word to describe the real estate market [3]
From the ever-cheery Ambrose Evans-Pritchard: AXA fears ‘fatal flaw’ will destroy eurozone [4]. (Thanks to G.G. for the link.)
Y.K. suggested a recent audio podcast interview of Gerald Celente by Lew Rockwell [5].
Brett G. flagged this: Volcker Warns: We Are Running Out Of Time [6]
Items from The Economatrix:
EU Chief Warns “Democracy Could Disappear” in Greece, Spain and Portugal [7]
Hidden Debt is UK’s Real Monster [8]
US Banks Set to Lose Swaps Fight [9]
How to Plan for a Double-Dip Recession [10]