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World Bank could run out of money 'within 12 months'. (Thanks to Chris H. for the link.)
Don W. flagged a New York Times piece: Too Rich to Worry? Not in This Downturn. JWR's comment: When even the uber-wealthy feel the pinch, then it is clear that this is not just a typical market cycle-triggered recession!
Items from The Economatrix:
Stocks Fall Following Disappointing Jobs Report [Official] Jobless Rate Reaches 9.8% in September Jobs Data Sends Oil Prices Tumbling Below $70 Banks Have Us Flying Blind on Depth of Losses Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt Stiglitz Deflation Threat Pushes Fed to Stay at Zero US Unemployment Expected to Hit 26-Year High Form the ever-cheery Ambrose Evans-Pritchard: Does Money Contracting Signal Serious Trouble? Factories' Growth Slow, Jobless Claims Rise
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