Economics and Investing:
Chinese Exports Plunge 25.4 Percent Compared To Last Year o o o Deflation Is Coming To The Auto Industry As Used Car Prices Drop, Off-Lease Deluge Looms – Sent in by RBS o o o Items from Professor Preponomics: US News Former BP CEO Expects More US Bankruptcies (Fox Business) International News Italy Isn’t Greece — It’s Worse (Business Insider) Excerpt: “…banks will be allowed to cleanse their balance sheets by packaging the NPLs and selling them to investors, along with enticing government guarantees for the least risky portions of the debt. The catch? The securities must be priced at …