We’ll start with some relatively good news: Oil producers running out of storage space: Glut caused by world slowdown leaves the world awash in crude. (A hat tip to Charley S.)
Sean M. sent us a link to some charts sum up how bad things are getting, very succinctly:
DD sent this: As markets slump, U.S. tries to halt cycle of fear. (They may say that we have “nothing to fear but fear itself”, but I don’t think it is irrational to fear tens of thousands of unemployed and hungry people that have been kicked out of their foreclosed houses.
Frequent content contributor HPD sent this: TARP Investments Bleed Another $5 Billion: Report
Items from The Economatrix:
Job Forecast For College Seniors: Grimmer than Ever
Stocks Move Higher after Five Days of Heavy Selling
Shares Bounce Back in EU and Asia Despite Treasury Dire Warning
Ukraine on Brink of Bankruptcy
Asia Markets Gyrate on Global Fears
White House Knocks Jim Cramer for Calling Obama Budget “Greatest Wealth Destruction By A President”
Russian Scholar Says US Will Collapse Next Year