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White House forecasts higher budget deficit: " ...a $1.75 trillion deficit, or 12.3 percent of GDP."
Skip sent me this: Is America About to Go Broke?
WSJ Video: Dow 4,000 Still in the Cards (Thanks to Chris for the link.)
From Greg: Commodities - Shortages stir coffee and sugar prices
From Tom S.: Where are Argentina's coins?
Items from The Economatrix:
US Red Ink Rises Even Higher, $1.8 Trillion The Federal government will have to borrow nearly 50 cents for every dollar it spends Chinese Deflation Picks Up Speed Local UK Governments Lose 2.5 Billion Income Enjoy The "Rally"...Sucker Punch Coming Stiglitz: Green Shoots? Don't Speak Too Soon GM Shares Drop to Lowest Since Great Depression US Banks Brace for Credit Card Write-Offs "Experts predict that millions of Americans will not be able to pay off their debts, leaving a gaping hole at ailing banks still trying to recover from the housing bust." Fed Dread: The New York Fed is the most powerful financial institution you've never heard of. Look who's running it. Despite Signs to the Contrary, Real Estate Will Get Worse
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