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Economics and Investing:
Laura H. suggested this Wall Street Journal piece: From
Bubble to Depression?,
by Steven Gjerstad and Vernon L. Smith
Kevin A. sent us this: Geithner's
Stress Test "A Complete Sham," Former
Federal Bank Regulator Says
Items from The Economatrix:
West Must Deal with $600 Trillion in Derivatives
Bernanke's
Financial Rescue Plan: The Growing Prospect of a US Default. Here are
two keyquotes: "It is impossible to know what the long-term effects
of Bernanke's excessive spending will be, but his plan has the potential
to trigger hyperinflation or spark a run on the dollar.", and: "The
recent 22 percent uptick in the stock market is a sign that Bernanke's monetary
stimulus is beginning to kick in. Oil rose from $33 per barrel to over $50
in little more than a month. Other raw materials have followed oil. The dollar
has plunged every time the stock market has gone up. These are all signs
of nascent inflation which is likely to accelerate after the current period
of deleveraging ends. Food and energy prices will rise sharply and the dollar
will come under greater and greater pressure. This is Bernanke's nightmare
scenario; a surge in inflation that forces him to raise rates and kill the
recovery before it ever begins."
75 US Towns Now Have Barter Currency
Swiss Deflation Next Chapter in World Crisis
Larry Summers, Tim Geithner and Wall Street's Ownership of Government
No Return to Normal
Jobless Aid Running Out for Many
The Crash of '09, The Collapse of '10
"Recession Rage" Growing
in US
G20: A Citizen's Guide
Goldbugs Rest Assured, Inflation Will Return
US Watchdog Calls for Bank Execs to be Fired
Tea Prices are Surging. is Your Mug Next?
Empty Tables Threaten Some Restaurant Chains
Bill Moyers with William K. Black on Wall Street
Poll:
Americans More Optimistic on Economy Since Obama's Inauguration. Huh? What
newspapers have they been reading?
Soros: US Recovery
is Far Off; US Banks "Basically Insolvent" "The U.S. economy
is in for a 'lasting slowdown' and could face a Japan-style period of relatively
low growth coupled with high inflation...."
Dollar Devaluation is Inevitable...Just Like In 1934
So Much
Nonsense (The Mogambo Guru)
