El Jefe Jeff E. sent this frightening news on price inflation: US inflation up 2% in March. I’ve already warned you: As the Treasury monetizes its way out of the recession, be ready for mass inflation, folks!
Jon in Wyoming sent this: Euro Sales Extend as Morgan Stanley Mulls EU Breakup
Also from Jon: Roubini Says Rising Sovereign Debt Leads to Defaults
Yishai suggested this piece by Ronald Bailey of Reason magazine: Peak Everything?; Forget peak oil. What about peak lithium, peak neodymium, and peak phosphorus?
Items from The Economatrix:
Analysis from Dan Denninger: Bernanke is Getting Scared
Goldman’s Shares Plunge on Investigation, Downgrade
US “Middle Skills” Jobs Vanish
Greece Faces “Unprecedented” Cuts as $159 Billion Rescue Nears
German Anger Rises as Greek Bailout Triples