Frequent content contributor GG sent this Los Angeles Times article: Early retirement claims increase dramatically
Cities disincorporating? Towns
Rethink Self-Reliance as Finances Worsen. (Thanks
to GRK for the link.)
I found this linked at The
Drudge Report: IRS
tax revenue falls along with taxpayers' income
Items from The Economatrix:
Carmakers' Woes May Cost Six Million Jobs
Oil Down to Around $61 Ahead of OPEC Meeting
Stunning Reversal: Russian Economy Shrinks 23%
Is the US Dollar Heading for a Mighty Crash?
The Credit Default Swaps Cancer Inflicting the Financial System "CDS
is the root-cause of systemic risk which connects hundreds of financial institutions
together in a lethal daisy-chain that threatens to crash the entire
system if one of the main players goes under."
Stock
Market Rally Over, Prepare for New Bear Lows "
...it would appear that a sizeable proportion of the TARP (Troubled Asset Relief
Program) funds not thus far deployed have been used to drive up the stock markets
in order to create a positive environment for the banks to issue secondary
shares and thus raise equity. While this is perfectly understandable, it also
means that once the banks have finished selling this stock to the public, or
the market is simply exhausted by being soaked in this way, it is likely to
go into reverse in a big way."
Marty Weiss: Memorial
Day Disaster--Foreigners Dumping Dollar Assets, Stocks & Bonds
Stock Market Rally Red Flags
Fed Admits No Credit Crisis, Bailout, TARP Exit Strategy
Global Debt Deleveraging Recession Gets Worse as Government Deficit Grows
GM Says Bond Offer Fails, Bankruptcy Likely
Chrysler in Court For Key Bankruptcy Hearing
Survey:
Most Economists See Recession End in '09 (Gee, you've gotta give them points
for their optimism. Perhaps they think that Disco will also make a comeback,
later this year.)
Governments Pay More Burial Costs in Bad Economy
