Treasury Sales Loom, but Demand Is There. $123 Billion Worth in One Week! Not to worry, they can always make it look like they all sold to non-puppet buyers. (Thanks to loyal content contributor GG for the link.)
Brad C. found this Business Week article interesting: The U.S. Metros Least Touched by Recession. Brad’s comment: Note that none of the cities in the top ten are on the East or West Coast, and that they are all in “Fly Over” country. Once again, free states lead the way. JWR Adds: Also note the correlation with my Recommended Retreat Areas page.
Our Editor at Large Michael Z. Williamson suggested this piece posted over at Zero Hedge: The Next Step in the Bank Implosion Cycle??? The sheer volume of bank derivatives now in play is staggering!
Items from The Economatrix:
Global Exposure in Derivatives in Excess of One Quadrillion Dollars
US Foreclosure Crisis Spreads to New States
Awash in Nonsense (The Mogambo Guru)