Economics and Investing:

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One-third of Americans say they’d have trouble coming up with an emergency $2,000 – G.G.

HJL’s Comment: That’s incredible when you consider how easy it is to have an emergency that requires $2000– a transmission on a car, a broken leg, even the temporary loss of a job. That means that 1/3 of Americans are one paycheck away from total disaster.

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Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week – DSV

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Iconic CA Company Carl’s Jr. Flees ‘Golden State’ for TN. The Republic of Kalifornia is getting closer to the day when it begs the Federal Government for a massive bailout – H.L.

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Video: Oil Cycle. The yearly cycle low in oil is due this spring, probably in April or early May. Odds are high that oil will drop to below $42 a barrel.

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