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Economics and Investing:
GG flagged this:
Banks still getting sicker; The economy may have turned, but banks will be cleaning up after their lending mistakes for years. Several big banks may already be doomed to fail.
Also from GG: Bank of England surprises markets with move to increase 'printing money' plan
This was linked at the excellent news aggregation blog Total Investor blog: ‘Lost Couple of Decades’ Looming for U.S. Economy: Chart of Day
Several SurvivalBloggers sent us this: Obama announces $2.4 billion grant for electric vehicles
Items from The Economatrix:
Audio Clip: Unemployment Decline "A Little Bit Misleading" Analyst says "people have withdrawn because they are discouraged"
Entering The Greatest Depression In History "On May 13, 2009, Celente released a Trend Alert, reporting that, “The biggest financial bubble in history is being inflated in plain sight,” and that, “This is the Mother of All Bubbles, and when it explodes [...] it will signal the end to the boom/bust cycle that has characterized economic activity throughout the developed world.”
Iceland: Economic Lessons Learned From the Meltdown
Rich Dad, Underwater Dad: 21 Million Homeowners With Negative Equity Or No Equity In Their Homes
Hot and Cold of Economic Winter (The Mogambo Guru)
Obama Says US Economy Saved from Catastrophe [JWR's comment: Don't spoil the moment by telling him about the next tidal wave of foreclosures.]
Gold Slips on Stronger Dollar, Other Metals Rise
US Labor Dept. Shows 70% of American Industries Are Cutting Jobs
Job Loss Recovery May Take "Several" Years
California Won't Accept its Own IOUs
