Wall Street’s Grand Old Man, Richard Russell declares: The Only Way Out Is to Devalue [1]. (Thanks to G.G. for the link.)
Reader H.L. sent word of some ill-advised State Level Cap and Trade [2]. H.L. call it “…the final nail in the coffin of the once Golden State.”
G.G. suggested this piece at Tyler Durden’s oft-quoted Zero Hedge blog: Do the Swiss Know Something the Rest of Us Don’t? [3]
Also from G.G.: Greece ‘to run out of money’ [4]
Items from The Economatrix:
California Cities In Fiscal Trouble “Conga Line” [5]
Warnings That A Massive Stock Market Crash Is Imminent [6]
IMF Chief Economist Says World Economic Crisis To Last At Least 10 Years [7]