Reader C.C.V. sent this: U.S. Payrolls Grew 244,000 in April; Unemployment at 9%. JWR Adds: “the recovery is cooling” they claim. I ask: What recovery? All that I’ve seen is a brief blip, caused by a massive infusion of Funny Money. (The monetization dubbed “Quantitative Easing”.)
Chris Martenson interviews Addison Wiggin: We Can’t Afford the Solutions Needed To Reverse Our Decline [1]
I noticed an interesting article over at Fierce Finance: Goldman Sachs prodigy quits [2]
KAF sent this: Fannie Mae has asked the government Friday for an additional $8.5 billion in aid [3]. (It lost $8.7 billion in the first three months of the year.)
Items from The Economatrix:
Banks Adding Treasuries Signal Lower Confidence In Recovery [4]
Strong April is Retailer’s Easter Present [5]
Unemployment Applications Hit Eight-Month High [6]
Businesses Now Hiring At Fastest Pace Since 2006 [7]
Consumers Borrowed More On Credit Cards In March [8]