Five Reasons Investors are Going Crazy for Farmland. (Thanks to Don W. for the link.)
Frequent content contributors Sue C. and C.D.V. both sent this: Housing Crash is Hitting Cities Once Thought to Be Stable. “Few believed the housing market here would ever collapse. Now they wonder if it will ever stop slumping.”
J.M.A. mentioned this essay over at American Thinker: A Tipping Point Is Nearing
Pierre M. pointed us to this: Roubini’s Next Crisis Is Scary Food for Thought: William Pesek
Geithner Quietly Tells Obama Debt-to-GDP Cost Poised to Increase to Record. Here is a quote: “It’s a slow train wreck coming and we all know it’s going to happen. It’s just a question of whether we want to deal with it. There are huge structural changes that have to go on with this economy.” (A hat tip to C.D.V. for the link.)
Robert Gottlieb (my agent) flagged this news article: Borders Books eyes store closings and liquidations
Items from The Economatrix:
“Get Ready For Margin Collapse” Goes Mainstream
Oil Falls as US Supplies Outweigh Mideast Tensions
Gas Pump Prices Highest Ever for This Time of Year
Major Food Distributor Sysco: “Immediate Volatile Prices, Expected Limited Availability, and Mediocre Quality at Best” “Now might be a good time to hit the frozen foods (or fresh produce if you’ve got a vacuum sealer) aisle at your local grocery store and stock up on your favorite fruits and veggies, as there may be a severe supply crunch coming in the next couple weeks lasting perhaps several months. Why pay premium prices later when you can prepare yourself today, before the rest of the country gets wind of it.”