Reader Chad S. sent this: No risk of hyperinflation, says Bernanke. (I feel so much safer now, knowing that he’s grounding the helicopters.)
Also from Chad: The Truth about Hyperinflation and Price Controls.
Items from The Economatrix:
Ahead of the Bell: Consumer Credit
Mortgage Rate Falls Below 5%
GM to Axe 10,000 in Germany
Analysis: 10% Jobless is Obama’s New World. Sadly, 18-22% is more realistic. See the data at ShadowStats.com.
Unemployment Rate Rises Above 10%. “The 10.2 percent unemployment rate does not include people without jobs who have stopped looking for work or those who have settled for part-time jobs. If you counted those people, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.”
Freddie Mac Loses $6.3 Billion in Third Quarter
Consumer Borrowing Drops $14.8 Billion in September
Oil Prices Tumble (on Friday)
AIG Plunges as Sales Decline at Life, Property Units