Thanks to reader GWC for this: U.K. Faced ‘Bank Runs, Riots’ as RBS and HBOS Neared Collapse
GG spotted this key data point: Hours worked plummets to all time low
Thanks to Damon for this news item: Venezuela inflation estimated at 26%, annually. (Prices were up 2.5% in September. But don’t worry. Comrade Hugo has a plan.)
Mark G. found an interesting New York Times blog article: What Happened to Argentina?
Items from The Economatrix:
UN Calls For New Reserve Currency
Australia Rate Hike Good Sign for World Economy
National Retails Groups Forecasts Weak Holiday Season
Weak Dollar, Strong Stock Market Push Oil Higher
How the Dollar is Being Systemically Devalued Since the 1980s
Stiglitz: GDP Blinded Us to the Crisis
Report Questions Claims on Banks’ Health
IG Report Finds Paulson, Bernanke Misled Public on Bank Rescues
Weak Dollar Drives Gold to Record High $1,043.20
Global Aging Population Financial Crisis Brewing
Weiss: Three Government Reports Point to Fiscal Doomsday
Soros Says “Basically Bankrupt Banks” Restrain US
US Rivals Plot to End Oil Trading in Dollars
The End of the Dollar Spells the Rise of a New Order