The Mother of All Bailouts (MOAB) continues to grow, just as I predicted: Congress considers more stimulus as economy shows signs of slowing. (A hat tip to David D. for the link.)
Also from David: Dallas Fed Chairman: White House (& Congress) “Dead Wrong” on Financial Reform. David’s comment: “Talk about dissension in the ranks, I think this would qualify. I’m surprised Mr. Fisher hasn’t been replaced yet.”
Japan’s Prime Minister Naoto Kan warns of ‘collapse’ under debt pile. (A hat tip to Lee C. for the link.)
By way of The Drudge Report: Euro to hit dollar parity in 2011, if still exists: analyst
Items from The Economatrix:
Economist Predicts Greek Default in August
Pick-up Sales Picking Up and Economy Hitches A Ride
Report: Employers to See 2011 Medical Costs Jump