“Red Hen” sent this bit of global MOAB expansion news: IMF Governors Formally Approve US$250 Billion General SDR Allocation
Courtesy of Steve G.: Credit tightening threatens China’s ‘giant Ponzi scheme’
From DD: Lowe’s Profit Plunges as Consumers Stay Away
JS spotted this: The “Zimdollar:” Dead, but still used for bus fare. (It sounds like something out a of a novel: $3,000,000,000,000 for one bus fare, and goats for barter!)
Items from The Economatrix:
Wholesale Prices Drop More than Expected in July
Coming Soon: Banking Crisis of Historic Proportions
Reader’s Digest Going Bankrupt
Fed Shut Down “Minority” S&L
New AIG CEO Pay $7 Million, Will be Reviewed, Obama Spokesman Says
Treasury Prices Post Modest Decline