Will there be Zimbabwe-type Hyperinflation in the U.S.A.?
By Mike Whitney
The economy is flat on its back and hemorrhaging a half a million jobs per month. The housing market is crashing, retail sales are in a funk, manufacturing is down, exports are falling, and consumers have started saving for the first time in decades. Continue
Finally it's Coming Home
By George Monbiot
Opium, famine and banks all played their part in this country's plundering of the globe. Now it's over, we find it hard to accept. Continue
Credit card delinquency on the rise: Credit card delinquency rates jumped 11% in the first quarter, possibly indicating that consumers are using tax refunds to pay day-to-day expenses, according to a credit reporting agency report released Monday.
U.S. Commercial Mortgage Defaults May Rise to 17-Year High: The default rate on commercial mortgages held by U.S. banks may rise to the highest in 17 years in the fourth quarter as debt for refinancing remains scarce and the recession drags down rents
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