Susan H. sent this: U.S. Dollar Now Ripe For Catastrophic Devaluation. Here is quote that might have a familiar ring: “The inflation vs. deflation debate has been raging for nearly three years, but I suspect that when all is said and done, we will find that both sides in a sense were correct. The people who consistently miss the mark on what is truly going on in the economy are those who blindly insist that this is an either/or situation. The fact is, we are seeing symptoms of BOTH deflation and inflation simultaneously. Deflation in jobs, stocks, real estate, and wages. Inflation in energy, food, and commodities. At bottom, we are seeing the worst of both worlds colliding to make a financial mutation, an aberration of the natural processes of supply and demand. Our economy has become a frothing rampaging Frankenstein’s monster bent on the destruction of its former benefactors; the American citizenry. Anyone who alleges otherwise is either a liar, or a fool.”
Siggy spotted this in Macleans: Third World America
More of the MOAB, just as predicted: Momentum Gathers For A New, Massive Bailout Of Homeowners. (Thanks to B.B. for the link.)
A posse of readers sent this item that shows how Nanny State Britannia is plumbing new depths: UK Proposes All Paychecks Go to the State First.
Items from The Economatrix:
Economic Panel Says Recession Ended in June 2009
Stocks Extend September Rally; S&P Breaks Out of Range
Homebuilders’ Confidence Stuck at 18-Month Low
New “Normal” is Fear Over the Economy
After Friday’s Panic, Will Ireland Go The Way Of Greece?