Craig S. spotted this bit of chartistry: Dollar Primed for Collapse by End June. Yes, the US Dollar is presently artificially strong. But we are looking at a study of relative weaknesses. All the major fiat currencies are in a race to the bottom. Don’t make the foolish mistake of swapping from one un-back currency into another. Instead, swap into tangibles!
Brian B. and Jon M. were the first of several readers who sent this: US money supply plunges at 1930s pace as Obama eyes fresh stimulus. The money multiplier effect works in reverse, as credit collapses. But at some point the huge waves of stimulus spending will be financed by monetization, and that will be hugely inflationary. Be ready for a rapid transition from deflation to inflation, possibly as soon as late 2010 or early 2011.
Stocks on Track for Worst May Since 1962. (Thanks to Brian B. for the link.)
S.M. sent these last three links: Home Sales Set to Plummet in Markets Hit Hard by Foreclosures
Three Florida Banks Closed May 28, 2010
Spain Loses its AAA Credit Rating at Fitch Amid Debt Struggles
Items from The Economatrix:
Double-Dip Fears Over Worldwide Credit Stress
Collapse of Euro Would Open Door to Democracy
Eric Sprott on Financial Farcism
Inflation, Money Supply, GDP, Unemployment and the Dollar
Dysfunctional Markets that Change Every Hour