World-News

World industrial production, trade, and stock markets are diving faster now than during 1929-30.

http://www.voxeu.org/index.php?q=node/3421&ref=patrick.net



Consumer borrowing plunges by $15.7B in April

The Federal Reserve said Friday the April decline was the second largest ever in dollar terms following March's drop of $16.6 billion. March's decline originally was reported as $11.1 billion, which had been the most on records dating to 1943.

http://snipurl.com/k05ap



Most banks still getting weaker, analysis shows

First-quarter reports show bad loans increasing at 60% of banks.
http://www.msnbc.msn.com/id/31193659/ns/business-us_business/



Dead Banks Walking

The Federal Deposit Insurance Corporation (FDIC) list of problem banks grew to 305 in the first quarter, the highest number since 1994, but of course the names of those banks are not released so that depositors can be forewarned.

http://mises.org/story/3507


From Information Clearing House



http://freepage.twoday.net/search?q=industrial+production
http://freepage.twoday.net/search?q=stock+market
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=bad+loans
http://freepage.twoday.net/search?q=Doug+French