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US MARKETS So far this week we saw Wachovia get socked for an $8.86 billion loss with a layoff announcement of 10,750 employees, while Washington Mutual got hammered for a $3.3 billion loss and increased its beleaguered loan-loss reserves by $3.74 billion to $8.46 billion as it announced expense cuts ... »

From former Senator Phil Gramm’s mouth to God’s ears: As quoted from the Washington Times: “You’ve heard of mental depression; this is a mental recession,” Gramm told the Times. He noted that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit... »

Summary: Inflation predicted over the next year, expect rate hikes over the next 12 – 18 months, failures pile up, failed measures to save the economy to have a cumulative effect, orgy of Wall Street fraud causes credit crunch, a worldwide disaster in the making, commodities rigging has a golden lining The acceleration of inflation... »