Economics and Investing:

USPS warns of default on retiree benefits.

Recession-proof waste management industry: Down in the dumps. (Thanks to Haiti Guy for the link.)

Comin’ this summer… $5 gas

Items from The Economatrix:

US Consumers in Spending Retreat

20 Questions to Ask Anyone Foolish Enough to Believe the Economic Crisis is Over

Second Biggest Weekly Drop Ever in Treasurys Held in the Fed’s Custodial Account as Foreigners Dump

Why Gold is Going Higher