Unemployment in California at 12%, Highest in Nearly 70 Years
GG flagged this: UK Public debt hits £800 billion – the highest on record
Tom B. sent this item: Charts predict: “Risk of Full- Fledged Dollar Crisis”
Items from The Economatrix:
Obama: G-20 Good Time to Assess Economy
Low Expectations for New Loan Help Program
Regulators Seize Two Banks; 94 Failures This Year
Irwin Financial’s Two Bank Units Seized
Ohio Town Struggles After Package Giant DHL Leaves
Meredith Whitney: “Roaring Recover”? Unlikely
Fed Eyes Sweeping Bank-Pay Regulations
Summers: Troubled Firms Should be Allowed to Fail
Obama Adviser Blasts Big Business Ads. Larry Summers, top Obama economist, blasts ad campaign opposing proposal to create agency to protect financial consumers.
Chapman: The Looming Global Debt Crisis
Is the Fed’s Money Pumping Inflationary?
Deflation, Falling Velocity of Money Ensures Printing Presses Will Keep Running
Missing Lehman Lesson of Shakeout Means “Too Big to Fail” Banks May Fail