Geithner asks Congress for higher U.S. debt limit

Oil prices cloud recovery hopes

PALIN WARNS OF OBAMA ‘DEATH PANEL’

SurvivalBlog:

The FDIC is in Trouble

Recovery “not in sight” says BMW

U.K. Royal Mint Doubles Gold Output as Demand Swells

Regulators close 3 banks in Florida, Oregon; total 72

Crude Oil May Climb to $95 in Early 2010

Job Horrors (The Mogambo Guru)

Obama Sends Stimulus Funds Overseas

Economist Says Recession is Over. (Don’t hold your breath.)

Cisco Cautious as Sales Fall 18% Predicting another drop in revenue

Banks Line Up for Second Round of TARP

Old Banks, New Lending Tricks

Rolling the Dice on AIG

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.

Bank of England surprises markets with move to increase ‘printing money’ plan

‘Lost Couple of Decades’ Looming for U.S. Economy: Chart of Day

Obama announces $2.4 billion grant for electric vehicles

Audio Clip: Unemployment Decline “A Little Bit Misleading” Analyst says “people have withdrawn because they are discouraged”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

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