More than 50,000 turkeys on a farm west of Mount Jackson, Virginia tested positive for Avian Flu antibodies. It is a less virulent strain than H5N1, but still cause for concern.
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By way of SHTF Daily: US mortgage problem fears spark sell-off. Mark my words: A credit collapse could trigger a major recession or perhaps a depression. This is your last chance to sell off any rental or “spec” properties. Get out now, before it is too late. Ditto for stocks. The chain reaction has most likely begun. The real estate collapse is the precursor of a general credit collapse. As the credit market implodes, it will bring down banks, hedge funds, and pension funds. Starved for credit, corporations will start lay-offs. A contraction in consumer credit will trigger a recession. Imported cars will pile up on the docksides. Tax revenues will contract as well, so state governments will have trouble balancing their budgets. Things could get very nasty. Be ready to hunker down, folks!
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From TimesOnline (by way of SHTF Daily): S&P fears credit crunch as mortgage crisis hits house prices