Veteran analyst Jim Rogers talks about the world’s financial woe: Another recession ahead. It was nice of him to use the more kind term for it.
From Chad S.: Food prices push Indian inflation up to 9.9 percent
Also from Chad: China’s Wen pushes back against yuan rise calls. This quote from the article doesn’t bode well: “We are very concerned about the lack of stability in the U.S. dollar. If I said I was worried last year, I must say I am still worried this year.”
G.G. liked this commentary from Richard Daughty (aka The Mogambo Guru): US Economic Outlook: Default, Hyperinflation or Both
Items from The Economatrix:
Pain in the Tank: Gas Prices Highest Since 2008
“Wall Street” Sequel an Omen of US Collapse
To Fill Budget Gaps, “Stealth” Taxes are Creeping Up
Debt Doom (The Mogambo Guru)
Strategic Defaults are Soaring in California, and Now they Might Really Explode