The editor of the Mountain Steps Blog recently presented an interesting timeline of the Weimar Republic Hyperinflation.
“The Frontman” sent us a link to an interesting article about the coinage shortage in Argentina. Americans take note: This could happen here, too!
Currie sent us this from The Times: Swedish banks fear writedowns; Financial turmoil in the Baltics is rocking Sweden’s banks, after Latvia’s failure to raise money in a bond auction. Currie’s comment: “Another domino tumbles…”
Items from The Economatrix:s
Temporary Work Masks Joblesseness Unemployment hits “9.4%”
GM to Sell Saturn Brand to Roger Penske Chain
Stocks Waver After Better-Than-Expected Job Data
Bonner: You Ain’t Seen Nothing Yet!
Dollar’s Wounds Reopen
Dollar’s Fate Written In History
The Largest US Bankruptcies
GM Bankruptcy May Say “No Reason To Stay” to Detroit Residents
Chrysler Dealership Has Five Days to Sell Entire Inventory Chrysler doesn’t have to buy unsold cars, can’t be sold without franchise
Battle #1: Taxing Health Benefits
States Propose $24 Billion in Tax Hikes
Iraqi Kurds Begin Exporting Oil