Readers “Bigbird” and Trapper Mike both sent this: Brazil and China eye plan to axe dollar
John Hussman warns: Inflation Ahead! The Destructive Implications of the Bailout – Understanding Equilibrium (Thanks to GG for the link)
Frequent content contributor GG sent us this: Tax Revenues Tanking. Yikes! Look at the tax receipts for April of ’08 versus April of ’09. I suspect that the panic reaction in Congress will be raise the marginal tax rates.
Thanks to DS for sending this: Stocks waver after surprise drop in housing data (This leads me to ask: Why are journalists so surprised that the housing numbers are continuing to decline?)
Items from The Economatrix:
Hotel Crime Rises In Recession, But Hotels Say They Are Still Safe “The current downtrend is associated with significant cuts in security.”
Jobless Horrors (The Mogambo Guru)