Economics and Investing:

Shrike sent this: The Size of Derivatives Bubble = $190,000 Per Person on Planet. Shrike’s comments: “Jim, you were uncomfortably prophetic in your September, 2006 article, predicting that derivatives would be a major problem. Until your article, I’d never even heard of the term, at least in terms of financing and markets. Not surprisingly, we still hear very little from mainstream media about them.”

Reader “Parsley” mentioned an London Telegraph article that does not bode well: IMF poised to print billions of dollars in ‘global quantitative easing’. Consumer price inflation on a grand scale is a likely result Get out of paper currencies, and into practical tangibles, soon!

Items from The Economatrix:

Wall Street Moves Higher, Building on Four-Day Rally

Oil Drops 5% after OPEC Votes to Maintain Levels

Turmoil Pierces Heart of Global Economy

UK: Air Passenger Numbers Drop for First Time in 17 Years

Switzerland’s Biggest Bank, UBS, Cutting 5,000 Management Jobs

Staggering Deficits in an Inflationary Economy

Ukraine and Latvia Warn of Disaster if Not Helped

Jim Cramer’s Full Explanation of Stock Market Manipulation

US Faces New Depression Misery as Financial Crisis Worsens

Extraordinary Stress in the Silver Market

27 Visualizations and Infographics to Understand The Financial Crisis

Bar-Mat Horrors (The Mogambo Guru)

BofE Warns Banking Tensions at Fever Pitch “Tensions in the financial system are approaching the fever pitch they reached before the collapse of Lehman Brothers last October, the Bank of England has warned.”

Britain Showing Signs of Heading Toward 1930s-Style Depression