Police & Fire Monopoly-Bargaining Act (Hat Tip: Nancy Jacques)
Faber: China Will Crash Within a Year (Hat Tip: Jean Stoner)
Goldman Sachs Reveals it Shorted Gulf of Mexico (Hat Tip: Jean Stoner)
After the IMF Bails Out Europe, the U.S. May Have to Bail Out the IMF (read & weep) (Hat Tip: Jean Stoner)
Biden: We’re In A “Depression” (Hat Tip: Jean Stoner)
Greece Gets $146 Billion Rescue in EU, IMF Package (Update1) (Hat Tip: Jean Stoner)
The Price of Obamacare, or The Full Faith and Credit Card (Hat Tip: Jean Stoner)
Note the fait accompli tone of this NPR article that of course inevitably leads to the conclusion that there will be either massive tax increases, or mass inflation in the near future: The Federal Debt: How To Lose A Trillion Dollars.
Want a good belly laugh? If so, then read this item from Chad S.: Corporations ride a consumer spending spree to better earnings as recovery gains steam. Here is Chad’s favorite absurd quote from the article: “We¹re out of the woods for good, says Joseph LaVorgna, chief U.S. economist at Deutsche Bank. This is no just an arithmetic story. It¹s a story of legitimate growth.” JWR Adds: All this “recovery” talk at present is utter nonsense, triggered by short term stimulus money. The end result will be no real recovery and mountains of compounding debt.