Yikes! CBS Advertising Net Income Plunges 96% (Thanks to frequent content contributor F.G. for the link.)
Tom G. mentioned this piece by Karl Denninger: Blatant Monetization Uncovered: Federal Reserve bought back half of the seven-year issue this week. I ‘ve warned you that monetization (and inflation) are coming. This is just the begriming!
Reader Karl in PDX asks: Do you remember in the 1990 [gangster] film Goodfellas, by Martin Scorsese, when one of the robbery team goes out and buys a pink Cadillac for his wife with the proceeds? Robert DeNiro’s character has to step in. “Now, what did I tell you about laying low for awhile. Huh?” This news headline too familiar to be a coincidence: Goldman employees told no big purchases. “…this is a sensitive time for us, and wants to make sure that we’re not being seen living high on the hog.”
From frequent content contributor GG: Lithuanian Economy Shrank 22.4%, EU’s Worst Recession
Items from The Economatrix:
Southern States Becoming Epicenter of Job Losses
Is Gold Gearing Up (Again) to Break $1,000?
Skip the Happy Talk, this Depression is Just Beginning
Wealth for the Sensible (The Mogambo Guru)
Obama Administration Withholds Data on Clunkers Most buyers not picking Ford, Chrysler, GM
Bank Regulators Dig in Against Obama Shake Up
US Stocks Retreat on Worse-Than-Expected Jobs, Services Data
Georgian Bank Says Bad Loans Surged 10 Times in Six Months, Seeking Cash
Factory Orders Increase 0.4%, Ex-Transport Increases 2.3%
Senate Poised to Add $2 Billion to “Clunkers” Program.
Biggest Recession Blunders