Herb Dennenberg of the Philadelphia Bulletin warns: US Marches Toward a Financial Disaster Worse Than Anyone Thinks. (A tip of the hat to “The Other Jim R.”)
GG flagged a Forbes column by Steve H. Hanke, warning that inflation will roar back with a vengeance: Fed Up
Items from The Economatrix:
Rush to Universities to Escape Recession
GM to Default on $1 Billion Bond Payment
IMF Predicts World Recession Will Deepen
Morgan Stanley Reports Four-Month Losses of $1.47 Billion
Geithner: Worst Trade Bust Since WWII
Soaring US Budget Deficit Will Mean Billions in Bond Sales “Millions of lost jobs mean billions in lost tax revenue for the U.S. government, and billions in additional Treasury debt to fund a federal budget deficit that may soar to more than four times last year’s record $454.7 billion.”
Cheney: Obama Economic Plan “Dangerous”
Quadrangle Facing Questions Over Pension Funds
Florida County Declares State of Economic Emergency Over Economy