Technically, Not a Recession!

Peter Schiff's Inflation Advice

Peter Schiff has been right on housing, gold, and getting out of U.S. stocks. He now offers advice on how to protect yourself against run-away inflation.

Case-Shiller: Prices Fell 14%, Most on Record

Marketwatch Video: A Rocky Ride Ahead for Markets

Record Gas Prices for 20 Straight Days! Prices Top $4 in 11 States

Sharpest Decrease Ever! American Driving Down a Historic 4%!

Germany Calls for Ban on Oil Speculation

Soros: Rocketing Oil Price is a Bubble

When Will Americans Realize the World Has Changed?

Auto Industry Feels the Pain of Tight Credit

83,000 Global Financial Layoffs in One Year; Worst Yet to Come

Out of a Job and Out of Luck at 54

Bank Failures to Surge

Inflation Running at 11.6%, Measured in Pre-1983 Terms

Kunstler: Anxious Hiatus

Straight Talk With Pete Petersen and David Walker

Most of the time, business news is a complete waste of time. You often get bulls and bears yelling at each other over whether the market trend is up or down.

Sometimes, you get magic like in this CNBC segment featuring the legendary Pete Petersen and the former Comptroller General, David Walker, whose quote has been positioned at the top of this blog since its inception. This round table is straight-to-the-point, macro wisdom from two legends that have seen a lot of important trends over their careers. They see tough times ahead and they lay out all the reasons why things will likely get worse before they get better...and they will get better after a thorough cleansing of the financial system and general economy.

Subprime, Alt-A mortgage delinquencies rising: S&P

Fleck: In favor of bubble-free prosperity

Housing Price to Rent Ratio

Schiff: It's Not an Oil Crisis It's a Dollar Crisis

Central Bank of Canada Will NOT Rescue Banks in Crisis

California Screaming: Tales From the Housing Bust

Ritholz: GDP Alternate Measure

Accelerating Housing Declines

Gulf States May End Dollar Pegs

US Loses 20,000 Jobs in April; Unemployment Rate Falls to 5%
Mish: April Jobs - Another Report From Bizarro World

Fed Joins With European Central Banks to Battle Credit Crisis ...
... Expands Liquidity Operations

CNBC: 'Great Depression on Wall Street'

Bank of America May Balk on Countrywide Debt Guarantee

Home Depot to Scale Back, Close 15 Stores

S&P Stops Rating Some Mortgage Bonds

WSJ: Fed Cuts, Signals a Pause

Bloomberg: Fed Cuts Rates, Ready for a Breather

Crudele: Fed Running Out of Room to Help Economy

Kasriel: Recession is Here, Now

US Foreclosures Spike 112% - No End in Sight...

...No Sign of a Bottom

Americans' Income Gains Eroded by Inflation in March

US Firms Layoff 90,000 in April - 19 month high - Led by Financial Firms

Low Consumer Spending Taking Toll on Economy

Starbucks Earnings Fall 21%