Peter Schiff: “You are going to see riots in the streets” [1]. (Thanks to Bob G. for the link.)
Fed Gave Banks Crisis Gains on $80 Billion Secretive Loans as Low as 0.01% [2]. (Thanks to Pierre M. for the link.)
C.D.V. forwarded this item: Foreclosure sales slow, but remain very high Huge backlog of distressed properties means any housing recovery is a long way away [3]. Here is a brief quote: “Sales of homes in some stage of foreclosure declined in the first three months of the year, but they still accounted for 28 percent of all home sales — a share nearly six times higher than what it would be in a healthy housing market.”
Items from The Economatrix:
US Durable Goods Biggest Decline in Six Months [4]
80 Ways to be Frugal and Save Money [5]
Welcome to Debtor’s Prison, 2011 Edition [6]
Gold Prices Set Euro and Pound Sterling Records, Major Currencies All “Vulnerable” [7]