From G.G.: Brace For Hyper-Inflation
Spotted in the Drudge Report news links: Magazine Ad Pages Decline Almost 26% in First Quarter
G.G. also sent a link to yesterday’s Dilbert cartoon strip. G.G.’s comment: Dilbert is channeling [economist Gerald] Celente.
Items from The Economatrix:
How Consumers Can Take Smart Advantage of Falling Prices
Fed Finds Faint Signs Economy Starting to Level Off
401(k) Losses Devastate Retirees
Glamour Dims as Hecklers Hit Auto Shows
Gasoline Expected to Remain Cheap this Summer
Food Auctions Thrive During Recession
General Growth, 2nd Largest Mall Owner, Fails Historic real estate failure, more than 200 malls
US Foreclosures Up 24% in 1st Quarter
Another Fairy Tale: JPMorganChase 1Q Beats Expectations
TARP Cash Isn’t Moving Forward “The largest bank recipients of U.S. government aid are offering less credit to businesses and consumers, the Treasury Department said Wednesday, reflecting and exacerbating the tenuous state of the current economic environment.”
Economic Data Contradicts Obama Optimism
Biggest Drop in US Industrial Output Since WWII
Global Demand Hopes Propel Oil Higher
OPEC Sees “Devastating Contraction” in Oil Demand