Pimco Predicts Greece Will Default. JWR’s Comment: Prepare for a further succession of dominos to topple. Spain and Portugal will probably be next. And I regret to say that the domino at the end of the queue is at: 38°53’23.28″N, 77° 0’31.01″W
Democrats push for jobs package in debt deal. JWR’s Comment: More “stimulus”? They must be insane. Someday, they’ll finally admit that we are a bankrupt nation living on borrowed time.
The U.S. Postal Service, facing insolvency without approval to delay a $5.5 billion payment for worker health benefits, will suspend contributions to an employee retirement account to save $800 million this year.
Items from The Economatrix: