G.G. was the first of several readers to mention this article by Ambrose Evans-Pritchard: With the US trapped in depression, this really is starting to feel like 1932
Todd M. sent us this: Banks Too Big to Fail, Too Big to Bail Out: Roubini
B.B. sent this: Investors Fear Rising Risk of US Regional Defaults
Bernanke Created Half of 234 Years’ Worth of Money Supply. Here is a quote: “The U.S. turned 234 years old yesterday, and yet over half of the
nation’s money supply was created since Helicopter Ben took over the
flight controls four years ago. No wonder gold is in a full fledged
bull market . . .”
Items from The Economatrix:
Starting Now: America’s Second Great Depression
Companies Clutching Cash But Stingy with Jobs
From Forbes: Unemployment is Here to Stay
Sultans of Swap: BP Collapse Potentially More Devastating than Lehman’s
Gary North: Congress or Fed Too Big To Fail?
Increasing Risk of Double-Dip Recession as Leading Economic Indicators Start to Turn
Turning Lemons Into Lemonade for 390 Years
Hungary to Ask for “Precautionary Bailout” from EU and IMF