GG sent this: Pray For Inflation — It’s Our Only Hope. [JWR’s Comment: Well, its the government’s only hope. For the Citizenry, mass inflation will be wealth destruction. As I’ve noted before, inflation is essentially a hidden from of taxation.]
Reader CZD sent this item: The Dow at 11,000 is Misleading. (CZD warns that he expects there will be multiple dips. I concur. This “recession” is far from over. I stand by my assertion, that we are actually in the early stages of of depression.)
Items from The Economatrix:
The Dow’s Up But Trades are Scarce, Worrying Bulls
Jim Sinclair: Bank Prohibits Bullion and Cash in Safety Deposit Boxes
PIMCO’s Bill Gross Frantically Dumping Treasuries, Thinks US Interest Rates Will Soar