Sue C. sent this: V-Shaped Recovery Dreams Evaporate
The U.S. housing market is still nowhere near the bottom: Record Number of Bank Seizures of U.S. Homes. (Thanks to Steve C. for the link.)
E.M.B. sent us this evidence that the banksters are in Desperation Mode: Fannie Mae Began Buying $1,000-Down Mortgages Without Approval
From Toby Connor of Gold Scents: Why Can’t Politicians Understand What is Really Happening?
Items from The Economatrix:
Good news, Peoria: Caterpillar Sales Accelerate Across the Globe.