10 years ago yesterday, my best friend and my hero, my father, Samuel Willard Monroe passed away in my arms. Here’s to you Dad – I miss you more every day… And in rememberance of Ann Coulter’s mom – Nell Husbands Martin Coulter, who passed away yesterday – I wish I had known you. Ann’s mom sounds like she was one hell of a woman. No wonder Ann comes from such good stock.
U.S. Federal Government ~ A TOTAL FRAUD?
IMF: World economy in severe recession
GM TO CLOSE MOST FACTORIES FOR SUMMER
UK Govt hikes top income tax rate to 50%
Merkel Rejects Expanding German Stimulus Program; Economic Data Worsens
GM Plans to Skip $1 Billion Debt Payment
Top exec says economic crisis resetting capitalism
Freddie Mac Acting CFO David Kellermann Found Dead (Update6)
IMF: World Economy in Severe Recession, Sees 1.3% Contraction
If you pay people to be poor, you’ll never run out of poor people
Stimulus money includes spruce-up of National Mall
Don’t own property? City’s new property taxes will still cost you; Con Edison allowed to hike rates
Gold rush in the suburbs as shine disappears from economy
I.M.F. Puts Bank Losses From Global Financial Crisis at $4.1 Trillion
Leading Economist Decries Power of Wall Street “Oligarchs”
Five Reasons Why House Prices May Never Recover
Bank Profits Appear Out of Thin Air
Yuan Trade Move “Far Reaching”
From SurvivalBlog.com:
“The bulls will buy stocks believing that we have another bull market on our hands. After having lost 50% of their money since 2007, they’ll lose another 20% – 30% when this rally collapses.
The bears, meanwhile, are convinced that there is worse to come. They think the stimulus spending programs will cause inflation. So they’re buying gold and commodity stocks sure that when inflation comes, it will cause mining and oil stocks to soar. Maybe it will eventually. But the first big move will probably be down. They, too, will lose big.
That could be the Big Surprise of this depression. It will kill the stock market bulls when the bear market rally collapses… then it will kill the stock market bears when the mining and commodity stocks collapse… and then it will wipe out the middle-class savers when inflation increases and the dollar collapses.” – Bill Bonner, writing in the Fleet Street Invest newsletter