They would have you believe that the U.S. economy is recovering and strengthening. Actually, the dollar is strengthening because everyone else is debasing their currency faster than we are; however, it’s all downhill. The Fed Induced Farce [1]. Link sent in by J.Q.
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The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low [2]
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Items from Professor Preponomics:
Barclays to Pay $150M More to Regulator in Forex Probe [3] (Reuters)
Citrix to Restructure: 1,000 Pink Slips Coming [4] (Triangle Business Journal)
Los Angeles and the Crisis of Homelessness [5] (Los Angeles Times)
Chinese Paddy Wagons Pick Up King of IPOs Under Arrest [6] (Contra Corner)
Obama Offers Ships and Millions in Aid to Asian Nations [7] (Washington Examiner)
Outrageous! $1B to Post One Online Form to Immigration Site [8] (The Fiscal Times) Hint: the cost is likely to be 3x greater when the project is completed.
Two Clintons. 41 Years. $3 Billion. [9] (Washington Post)
GSEs Should Spread the Risk and Share the Profits [10] (Citizens Against Government Waste)
More Senior Government Execs Raked In Higher Bonuses YOY [11] (The Fiscal Times)