Several readers mentioned this: IMF Says U.S. Financial System May Need $76 Billion in Capital G.G. suggested a piece by Niall Ferguson: Sun Could Set Suddenly on Superpower as Debt Bites. China Becomes Second Biggest World Economy Reader “AmEx” (American Expatriate) spotted this: Fed’s Bullard:Worried About Possible Deflationary Outcome For US Also from AmEx: Top Hedge Funds That Dodged Crash, Rode Market Back Turn Gloomy
Brett G. sent this: Fed’s Bullard: US at Danger of Japan-Style Financial Crisis. The latest over at Dr. Housing Bubble: Banks cherry picking individual foreclosures that show up on the MLS. Frequent content contributor K.A.F. sent this: SEC Provision Shocks Observers “A modern day depression” Rosenberg sees “tough slogging” for the economy. (Thanks to Trent H. for the link.) Rep. Bachmann: U.S. Faces ‘Disaster’ From Financial Reform Bill K.A.F. forwarded this one: AP survey: A bleaker outlook for economy into 2011
Hi Jim, In response to the letters sent to you regarding my article, the FORTE version of the antibiotics described would be appropriate for full-grown men and all but the most petite women (less than, say, 100 pounds or so). Children would be best served with the 250mg fish antibiotic dose. Frequency of these medications is from 2-4 times a day, depending on the individual drug. The risk of under-dosage would be suboptimal progress in healing. Overdosage often manifests itself as diarrhea.. Treatment length is usually from 5-10 days. A good internet drug index can be found at rxlist.com. If …
Flagged by G.G.: Jim Rogers predicts a new recession in 2012 Also from G.G.: Drip after drip of deflation data I was doing some web wandering, and found this over at Gold Eagle: The Coming Silver Supernova Reader K.S.B. sent a link to a CBO report on the U.S. debt crisis that is a must read. The key word: unsustainable levels of debt. There are some articles discussing the CBO report in The American Spectator and in The New American. John L. mentioned an article about counterfeit silver coins. Frequent content contributor KAF sent this: North Dakota, Alaska lead US …
AmEx (American Expatriate) sent us this piece by Charles Hugh Smith: Six Reasons to Expect Slow Economic Growth Ahead G.G. sent this: Hussman: Betting on a Bubble, Bracing for a Fall. GIC (Singapore ) Says World May See Recession Sooner Than Expected. (A hat tip to M.W. for the link.) Phip flagged this from Phil Stock: America is 234 Years Old, and Today it is Finished. Reader Steve K. suggested this news piece: America Now: Friends and Neighbors. NBC’s Ann Curry travels to Ohio to take a personal look inside the lives of families who have lost jobs, homes and …
S.J. sent us this link: The Scariest Unemployment Graph I’ve Seen Yet Dave D. suggested this article: U.S. may face deflation, a problem Japan understands too well Reader “AmEx” (American Expatriate) sent us this: Uncle Sam has worse woes than Greece From reader RBS: U.S. Rescue May Reach $23.7 Trillion, Barofsky Says Geithner: Let Tax Cuts Die. (Can you detect the desperate need for revenue?) A hat tip to B.G. for the link.
Recent news articles about U.S. tax law changes have prompted dozens of SurvivalBlog readers to contact me with their concerns. Some of these e-mails asked me for advice on how to minimize the impact of these tax law changes. First let’s go over the changes in the tax law that have been announced: 1.) The Federal income tax rates are increasing starting with tax year 2010, with the top tax rate jumping to 39.6%. Meanwhile they are reinstituting the death tax, creating higher capital gains taxes, and the elimination of some exemptions for people that are married and for those …
SurvivalBlog’s Poet Laureate G.G. sent this: Nielson Probability of US Hyperinflation or Debt Implosion Both G.G. and John G. suggested this article by Ambrose Evans-Pritchard: The Death of Paper Money F.G. mentioned: The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it K.A.F. sent this Fox news item: Treasury Plans to Sell 30% More of Citi Stake.
KAF sent this: Bernanke Says Extending Bush Tax Cuts Would Maintain Stimulus to Economy. Frequent content contributor B.B. sent this: Chinese Central Bank Outlines Plan To Ditch The Dollar As The Yuan’s Peg SurvivalBlog’s Poet Laureate G.G. spotted this: White House predicts record $1.47 trillion deficit Items from The Economatrix: Sales of Previously Occupied Homes Falls 5.1% These 72 Analysts Believe Gold Will Go Parabolic to Between $2,500 and $15,000 Per Ounce Infowars.com Poll: Majority Believe Road Warrior Depression Coming Nothing Was Sacred: The Theft of the American Dream Economic Meltdown: The Final Phase
Bobbi-Sue and G.G. both suggested this piece over at Seeking Alpha: The One Economic Chart That Really Matters Thanks to readers Brett G. and “Tanker” for this link: Bernanke: Further Easing Hinges on Jobs KAF flagged this: Central bank official suggests move away from dollar as benchmark Another news item from G.G.: Bank failure tally passes 100 for the year Items from The Economatrix: Leading Indicators Drop in June as Recovery Slows Mortgage Rates Hit New Record Low Elevated Jobless Claims Point to Weak Labor Market UPS Raises Outlook for Year Despite Mixed Economy
G.G. flagged this: Marc Faber expects a return to massive quantitative easing by October China: The US is “Insolvent and Faces Bankruptcy” (Our thanks to B.B. for the link.) Items from The Economatrix: Stocks Surge on Upbeat Earnings, Forecasts It’s TEOTWAWKI Filibuster Broken, Jobless Benefits May Flow Soon Jobless Rates Improve But Many Have Given Up Looking The Retirement Nightmare: Half of Americans Have Less than $2,000 Saved for Retirement Intrigue Builds in the Comex Silver Pits Penniless Idiocy (The Mogambo Guru) US Housing Starts Drop to Lowest Levels Since October Fed to Push Rates Lower? Some Traders Betting on …
B.B. was the first of several readers to mention this item: US financial system support up $700 billion in past year-watchdog. “Total US government financial system support seen at $3.7 trillion.” Yikes! Brett G. sent this one: How to Upgrade an Old Phone into a Porsche. M.E.W. spotted this: Why Are Banks Withholding Highend Repossessions Over $300,000 From the Market? G.G. suggested the latest from The Mogambo Guru (Richard Daughty): Raising Taxes to Combat Recession: The Ultimate Fiscal Folly Items from The Economatrix: Stocks Drop as Bernanke Warns of Uncertain Economy Firms Want to Rehire, Skilled Workers Scarce Cities Rent …
Dormant accounts to fund ‘big society’ bank. (A hat tip to Chris P for the link.) Norman A. mentioned: King World News interviewed John Williams of ShadowStats. Anthony M. sent this item: Nearly half of North Carolina’s state-chartered banks ‘troubled’ Items from The Economatrix: The Real US Unemployment Rate Could Be 25% Or More US Consumer Confidence Slides To Lowest In A Year The Geography of a Recession (Now updated through May, 2010) Stocks Slump on Weak Revenue for Goldman, IBM Home Construction Sinks to Lowest Level Since October Desperate Retailers Push Christmas in Summertime
G.G,. sent this: Homeowners Associations: The New Foreclosure Ireland’s credit rating downgraded by Moody’s. Down to Aa2. Ouch! (Thanks to John in Ohio for the link.) Items from The Economatrix: Stocks Rebound as Investors Await Earnings IBM Lifts 2010 Forecast But Economic Worries Loom Homebuilders Losing Confidence in the Recovery Average Gasoline Prices Down From a Month Ago UK: Hedge Funds Accused as Food Prices Soar Stress Testing Euro Banks Won’t Stave Off a Deflationary Vortex Markets Braced for Turmoil After IMF and EU Pull 17 Pound Billion Hungary Financing Deal
Reader Don W. forwarded this: The Flight of the Money – Where Has It Gone?; Obama’s policies terrify business community; capital is leaving, cash is being hoarded. Matt B. sent us this: Rust Discovered on Bank of Russia Issued .999 Gold Coins Items from The Economatrix: Obama Set to Sign Broadest Financial Overhaul Since the Great Depression Obama Warned by Buffett US Economy Only Halfway Back