I think am going to be sick. For God’s Sake Bill STOP! Sent in by JFJ.
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Shippers warn of overcapacity, cancel scheduled voyages The Juggernaut is slowing down. I’ve been following Mish’s blog for a couple of years now. He’s generally been accurate with his observations and predictions, and I think he is correct about a big slowdown (and recession?) coming soon. – P.S.
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Items from Professor Preponomics:
Is the American Market Rigged? (Christian Science Monitor)
An Unpleasant Surprise on Health Insurance Rates Courtesy of Obamacare… (NY Times) Commentary: …although not unexpected!
How Beijing and the West Work Together to Manipulate the Global Currency War (Mises Institute)
Standard Chartered to Cut 15,000 Jobs (NY Times)
It’s the Zero Bound Yield Curve, Stupid! (Zero Hedge)
World’s Biggest Banks Could Not Be Wound Down in Orderly Fashion (Bloomberg)
9 Ways to Protect Yourself from Identity Theft (Christian Science Monitor)
An Earnings Recession is Looming (Market Watch)
Impacts of Rising Healthcare Costs on the Middle-Class (AARP)
Credit Suisse CEO Nails the Banking Industry’s Biggest Problem in a Sentence (Business Insider)
Bank of America is Selling Money Market Business to BlackRock for $87B: One of the Largest Money Market Deals Ever (Fox Business)